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Accounting
Processes
Lakshay Gandhi, CGA, CPA
6479874025
support@accountingops.ca
Roles and
Responsibilities
Reconciliation
Franchises
Subsidiary companies
Vendor management
Issuing and tracking Loans
Incentive cheques
Analyzing and reporting on financial performance.
Overseeing audit and tax functions.
Developing and implementing accounting policies.
Reconciliation
Print monthly bank statements and
maintain the folders.
Post monthly expenses (recurring and
non-recurring)
Analyzing complex financial data.
Review reconciliations before getting
them signed by broker of record
Vendor management
Post, issue cheque and manage
payments for Accounts payables
Maintain expense
classification sheet
Follow up with suppliers.
Keep and maintain all the
books in perfect order.
Ensure that all transactions
are well documented
Preparing payments.
Finance
Management
•Planning of finance on client's requests.
•Keeping the record for all transaction
•Preparing incentives checks for employees
Analyzing and reporting on financial
performance
Produce detailed, timely
reporting on the financial
status of the company.
Update internal systems
with financial data
Generate monthly,
quarterly and annual
financials on Lonewolf
Report company
financial health to the
stakeholders
MISC:
•Presentations on most current topics
• PREC presentations
• CEBA Applications
• Rent subsidy
• Wage subsidy
•Overseeing audit and tax functions.
•Developing and implementing accounting policies.
•Keep focusing on updating the system and trying
to use new software to maintain our records more
efficiently and accurately.

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Accounting Processes - 2024: Roles and Responsibilites

  • 1. Accounting Processes Lakshay Gandhi, CGA, CPA 6479874025 support@accountingops.ca
  • 2. Roles and Responsibilities Reconciliation Franchises Subsidiary companies Vendor management Issuing and tracking Loans Incentive cheques Analyzing and reporting on financial performance. Overseeing audit and tax functions. Developing and implementing accounting policies.
  • 3. Reconciliation Print monthly bank statements and maintain the folders. Post monthly expenses (recurring and non-recurring) Analyzing complex financial data. Review reconciliations before getting them signed by broker of record
  • 4. Vendor management Post, issue cheque and manage payments for Accounts payables Maintain expense classification sheet Follow up with suppliers. Keep and maintain all the books in perfect order. Ensure that all transactions are well documented Preparing payments.
  • 5. Finance Management •Planning of finance on client's requests. •Keeping the record for all transaction •Preparing incentives checks for employees
  • 6. Analyzing and reporting on financial performance Produce detailed, timely reporting on the financial status of the company. Update internal systems with financial data Generate monthly, quarterly and annual financials on Lonewolf Report company financial health to the stakeholders
  • 7. MISC: •Presentations on most current topics • PREC presentations • CEBA Applications • Rent subsidy • Wage subsidy •Overseeing audit and tax functions. •Developing and implementing accounting policies. •Keep focusing on updating the system and trying to use new software to maintain our records more efficiently and accurately.