- Manage all accounting transactions
- Must have knowledge in GST filling
- Publish financial statements in time
- Handle monthly, quarterly and annual closings
- Reconcile accounts payable and receivable
- Ensure timely bank payments
- Compute taxes and prepare tax returns
- Manage balance sheets and profit/loss statements
- Audit financial transactions and documents
- Must have knowledge in export sales
Responsible for:
Establish and Monitor Financial Systems: Accounting manager create, monitor, and evaluate financial systems within their organizations. They collect, analyze, verify, and report financial information to document firms' financial performance and position companies to make well-informed financial decisions.
Meet Financial Objectives: Accounting manager recommend forecasting requirements, draft annual budgets, and project expenditures to prepare periodic statements and meet financial regulatory requirements. They analyze general ledger variances and suggest corrective action for management's approval to meet annual accounting financial objectives.
Achieve Operational Objectives: Accounting manager develop action plans, audit operations, and propose efficiency improvements. Skilled accounting managers lead the accounting team to provide accurate, timely data and recommendations.
Monitor Revenue and Expenses: An accounting manager ensures companies' financial wellbeing by tracking revenue and expenses, consolidating and analyzing financial data, preparing special reports, maintaining internal controls and other best practices, and reporting activity to internal and external customers.
Lead Accounting Staff: Included in the accounting manager's purview is recruiting, hiring, and supervising accounting staff. They also conduct performance evaluations, coordinate training programs, and identify training needs.
Skills:
Management: Management and supervisory skills allow managers to plan and organize work, set priorities, and delegate tasks. Additionally, these skills help leaders communicate effectively with team members to resolve conflicts and make decisions aligned with company priorities.
Communication: Successful accounting manager effectively communicate financial information to employees, shareholders, and other interested parties. Communication skills allow these professionals to simplify complex financial concepts, build relationships with key stakeholders, and prepare concise financial reports that accurately reflect organizations' financial health.
Eye for Detail: Accounting manager must accurately track and record financial transactions, using a keen eye for detail to find and correct discrepancies. This information helps companies make important financial and operational decisions. Thus, it is essential that financial transactions and reports are accurate.
Organizational Skills: Organizational and time management skills help accounting managers track and prioritize ongoing projects and tasks. With these abilities, accounting managers can effectively launch, monitor, and evaluate accounting operations and deliverables.