Keep track of all the business’ financial transactions

Maintain accurate financial records

Keep the accounting filing system in order

Oversee the business’ inventory and cash flow

Manage the annual budget and petty cash fund

Calculate budget variances and report any significant issues

Pay suppliers, customers, and debts on time

Manage debt levels to ensure debt covenant compliance

Enforce sales tax collection from customers and remit them to the government

Ensure the prompt collection of receivables

Balance the financial books by reconciling them with bank statements

Communicate financial issues to the management

Generate financial reports with analysis of the financial statements

Provide the information accountants and auditors need for their reports and audit

Follow the standard accounting procedures and policies

Ensure compliance with the local, state, and federal government’s reporting requirements