Finance and Accounts Department

About

The accounts and finance team are responsible for ensuring the efficient financial management and financial controls necessary to support all business activities. Key responsibilities Develop a financial strategy that will support business goals. Ensure efficiency by ensuring that they have an understanding of the various roles within the organisation’s. Financial accounting - Keeping account of all transactions, using the double entry bookkeeping system and preparing final accounts suitable for meeting the various regulatory requirements for statutory reporting and taxation authorities. Financial systems - Analyse the financial information needs of the organisation and review existing systems. Design and maintenance of financial systems and for providing an interface between the finance and technology/systems departments. Involved in the implementation of change processes within the finance department and managing new financial systems projects. Assist other users of financial information. Payroll – Responsible for all payroll Budgeting – responsible for all budgeting requirements. Responsible for the financial evaluation of plans and reporting against this on a monthly basis. Management accounting – Analysing and control; of financial information to assist in the day-to-day operations of the organisation. Taxation - dealing with all tax affairs and providing opinion will also be sought on aspects of tax law that are unclear. Supporting the business strategy - responsible for providing a financial environment that supports the business strategy. The right mix of short-term and long-term plans. Accordingly, financial strategy must first and foremost be integrated with the business plan. Creating value – e.g through obtaining the best possible borrowing rates, cutting/controlling costs, reducing financial risks, improving debt collection, better cash management and many other activities.