Financial Reporting: Prepare and analyze financial statements such as balance sheets, income statements, and cash flow statements to provide insights into the financial health of the automotive business. Present financial reports to management, stakeholders, and regulatory authorities. Budgeting and Forecasting: Collaborate with management to develop annual budgets and financial forecasts for the automotive dealership or company. Monitor actual financial performance against budgeted targets, analyze variances, and recommend adjustments as needed. Accounts Payable and Receivable: Oversee accounts payable functions by processing invoices, making payments to vendors, and reconciling supplier accounts. Manage accounts receivable processes by issuing invoices, tracking customer payments, and following up on overdue accounts. Payroll Processing: Calculate and process payroll for automotive employees, including wage calculations, deductions, and tax withholdings. Ensure compliance with labor laws, union agreements, and employee benefits policies. Tax Compliance: Prepare and file various tax returns, including income tax, sales tax, and payroll tax filings, in accordance with applicable laws and regulations. Stay updated on changes to tax codes and advise management on tax planning strategies to minimize tax liabilities. Financial Analysis: Analyze financial data and performance metrics to identify trends, opportunities, and risks within the automotive business. Provide insights and recommendations to management for improving profitability, cost efficiency, and operational effectiveness. Inventory Management: Monitor inventory levels of vehicles, parts, and supplies, and reconcile inventory records to ensure accuracy. Implement inventory valuation methods and controls to mitigate the risk of inventory shrinkage or obsolescence. Capital Expenditure Management: Evaluate investment opportunities in automotive assets, such as equipment, facilities, and vehicles, and assess their potential return on investment. Prepare financial justifications and capital budgeting analyses for proposed capital expenditures. Internal Controls: Establish and maintain internal controls and accounting procedures to safeguard assets, prevent fraud, and ensure compliance with financial policies and regulations. Conduct periodic audits and reviews to assess the effectiveness of internal controls. Financial Systems and Technology: Utilize accounting software and financial management tools to streamline accounting processes, automate routine tasks, and generate accurate financial reports. Stay updated on advancements in financial technology and recommend system enhancements or upgrades as needed. External Audit Coordination: Coordinate with external auditors and regulatory agencies for financial audits and examinations. Provide audit support, respond to auditor inquiries, and address audit findings to ensure compliance with auditing standards and reporting requirements. Professional Development: Stay informed about developments in accounting standards, regulations, and industry trends relevant to the automotive sector. Pursue continuing education and professional certifications, such as Certified Public Accountant (CPA) or Chartered Accountant (CA), to enhance accounting skills and knowledge.