The Office Manager’s primary responsibility is to maximize return on financial assets by establishing financial policies, controls, and a reporting system.
Essential Functions:
Protect assets by establishing, monitoring, and enforcing internal controls
Direct and supervise Accounting personnel involved in auditing and summarizing financial information.
Prepare and direct preparation of reports to summarize and forecast business activity and financial position.
Monitors and reports financial condition by conducting audits and presenting this information to stakeholders
Provides financial information and reports to internal and external stakeholders
Ensures policies and procedures comply with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements, filing financial reports, advising management on needed actions
Receives and approves 1099 invoices; coordinates payment of 1099 invoices
Calculates and authorizes payments of commissions and bonuses
Coordinates payroll processing
Manages 401K / Profit Sharing plan for employees
Stays up-to-date on new popular financial and HR technology to create processes and automation where appropriate in AR, AP, and HR
Approves orders submitted by the bookkeeper
Preparing all inventory-related journal entries at month-end
Defining various product and operational costs
Developing depreciation schedules
Performing month-end cost accounting close
Maintaining cost accounting system and cost ledger
Performing life cycle cost-benefit analysis
Analyzing inventory valuations
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