- Preparing financial reports: The accountant is responsible for preparing monthly, quarterly and annual financial reports such as the trial balance, income statement, and balance sheet, in accordance with approved accounting standards.
- Recording financial transactions: recording all financial transactions in ledgers or accounting systems, such as accounts receivable and payable, expenses, revenues, and assets.
- Auditing and correcting: reviewing accounts and ensuring their accuracy, and scrutinizing transactions to ensure that numbers match financial documents and reports
- Budget preparation: The accountant assists in preparing the annual budget and financial planning to ensure adherence to specified financial limits
- Cash management: monitoring the movement of cash in the institution and ensuring the availability of the necessary liquidity for daily operations
- Handling taxes: calculating tax due, preparing tax reports, and complying with local tax laws
- Financial analysis: Conducting an analysis of the company’s financial performance by examining financial ratios such as profitability, liquidity and solvency, which helps in making strategic decisions.
- Preparing payment documents: dealing with supplier accounts, preparing payment checks, purchase invoices, and following up on due payments
- Accounts Receivable and Payable Management: Follow up on customer (debit) and supplier (credit) accounts to ensure timely collection of payments and payment of receivables.
- Review internal procedures: Ensure that the organization’s internal financial policies are followed and ensure that procedures are applied correctly
