Transaction Recording: Documenting daily financial transactions in a consistent manner, including sales, purchases, payments, and receipts.

Financial Statement Preparation: Generating essential financial reports such as the income statement, balance sheet, and cash flow statement.

Account Reconciliation: Ensuring that internal financial records match bank statements and other external financial records.

Accounts Payable and Receivable: Managing incoming and outgoing payments, including invoicing and bill payments.

Payroll Processing: Handling all aspects of employee payroll, including calculations, withholdings, and tax filings