Functions of Manager Accounts

Role of Manager Accounts

The following are important role and responsibilities of Accounts Manager.

1. Maintain Books of accounts
2. Prepare bank reconciliation
3. Maintain good relationship with banks
4. Process transaction for payment
5. Prepare crossed cheques and deliver those to supplier
6. Disburse salaries to the employees
7. Disbursed advances and loans to employees
8. Deduct and deposit the tax at source
9. Make other regulatory payments
10. Maintain subsidiary records like progress billing to supplier
11. Prepare cash budged on periodical bases
12. Calculate variance and perform variance analyses
13. prepare financial statements

Maintain books of account

The one of the main responsibility of accounts manager to keep the proper record of financial transaction in the organization. The books of account may be maintained manually or electronically on a software.

Prepare bank Reconciliation

The periodical reconciliation of books of accounts with bank statement is very important controlling and checking tool for mistakes and frauds. in now days where almost all transaction is routed through banks it is vital to reconcile your books with your banks. The bank reconciliation statement really helpful in identifying the unrecorded receipts and unrepresented cheques.

Maintain Good Relationship with banks

The banks provides many services to business which vary from finances to business operation . Therefore it is very important for accounts manager to maintain a good relationship with banker for smooth functioning of business operation and to take value added services.

Disbursement of expenses

The disbursement of expenses in one of the key task of the accounts manager. The accounts manager perform necessary checks and control over the claims or expenses submitted in the accounts department and then disburse the amount of claim.