Posted Oct 09, 2023 689 views
Financial Record Keeping:
- Maintain accurate and up-to-date financial records, including sales, expenses, and transactions.
- Record and categorize e-commerce sales, returns, and discounts.
Budgeting and Forecasting:
- Prepare and manage budgets for the e-commerce business.
- Provide financial forecasts to help with planning and decision-making.
Financial Analysis:
- Analyze financial data to identify trends, opportunities, and potential areas for cost savings.
- Generate financial reports and dashboards to track key performance indicators (KPIs).
Tax Compliance:
- Ensure compliance with tax regulations and prepare and submit tax returns on time.
- Identify eligible tax deductions and credits to optimize the e-commerce brand's tax position.
Vendor and Supplier Management:
- Manage accounts payable by processing invoices, reconciling statements, and making payments.
- Negotiate payment terms and discounts with suppliers to improve cash flow.
Inventory Control:
- Monitor and reconcile inventory levels, valuations, and adjustments.
- Implement inventory management systems to optimize stock levels and reduce holding costs.
Financial Audits:
- Prepare financial documentation for audits, if required.
- Collaborate with auditors to ensure a smooth audit process.
Financial Compliance:
- Ensure compliance with relevant financial regulations and reporting standards.
- Stay up-to-date with changes in accounting standards and adjust practices accordingly.
Cash Flow Management:
- Manage cash flow to ensure there is enough liquidity to support daily operations and growth initiatives.
- Monitor and project cash flow to address potential shortfalls or surpluses.
Financial Reporting:
- Prepare regular financial reports for management and stakeholders.
- Provide insights and recommendations based on financial analysis.
Risk Management:
- Identify and assess financial risks and implement strategies to mitigate them.
- Develop and maintain internal controls to safeguard financial assets.
Payroll Processing:
- Process payroll accurately and on time, including tax withholding and compliance.
- Handle employee benefits and deductions related to compensation.
Cost Control:
- Analyze and control operating expenses to improve profitability.
- Identify cost-saving opportunities and implement cost-reduction strategies.
Financial Software and Tools:
- Utilize accounting software and tools to streamline financial processes and reporting.
- Stay updated with the latest accounting technology trends.
Skills
Job Details
Bag X is a premium hand bags online store in Pakistan
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