Accounting Manager Goals and Objectives Examples
Achieve a 98% accuracy rate on all financial reports.
Reduce the company’s outstanding accounts receivables by 10% within the next quarter.
Ensure all invoices are processed within 48 hours of receipt.
Meet with department heads to review and analyze budget variances on a monthly basis.
Design and implement new accounting procedures to increase efficiency.
Ensure all payroll is processed accurately and on time.
Develop and maintain detailed monthly and year-end closing schedules.
Monitor cash flow and adjust budgets accordingly to meet targets.
Manage multiple projects effectively and prioritize tasks based on urgency.
Continuously evaluate internal controls to ensure compliance with accounting standards.
Deliver informative financial reports to senior management.
Streamline the billing process to reduce errors and improve client satisfaction.
Review financial statements for discrepancies and provide recommendations for corrective action.
Train new accounting staff on company policies and procedures.
Participate in the development of annual budgets and forecasts.
Analyze financial data to identify trends and opportunities for improvement.
Develop and maintain relationships with vendors and external auditors.
Ensure all tax filings are completed accurately and on time.
Implement measures to reduce operating costs without sacrificing quality.
Develop cost-effective strategies to manage inventory levels.
Create a system for tracking capital expenditures to ensure compliance with accounting standards.
Improve accounting software utilization by providing effective training to staff.
Develop key performance indicators (KPIs) and monitor progress toward achieving them.
Perform regular internal audits to detect and prevent fraud.
Improve interdepartmental communication to streamline financial processes.
Develop a comprehensive financial reporting structure that meets the needs of stakeholders.
Identify potential areas of financial risk and take appropriate measures to mitigate them.
Foster an environment of continuous learning to keep staff updated on industry best practices.
Collaborate with other departments to develop strategic plans and goals for the organization.
Keep abreast of changes in accounting regulations to ensure compliance.
Maintain accurate records of all financial transactions.
Provide guidance to staff on complex accounting issues.
Establish a process for analyzing cash flow needs and forecasting future requirements.
Ensure all financial records are stored securely and backed up regularly.
Prepare financial statements for audit purposes.
Develop policies and procedures for expense management and reimbursement.
Implement a system for tracking fixed assets to ensure accurate valuation and depreciation calculations.
Monitor market trends and make recommendations for investment strategies.
Respond promptly to inquiries from stakeholders regarding financial matters.
Develop a comprehensive set of financial metrics to track performance against goals.
Implement measures to improve the accuracy of vendor payments and avoid late fees.
Develop a system for tracking employee expenses related to business travel and entertainment.
Conduct regular performance evaluations of accounting staff.
Establish a system for reconciling bank accounts on a regular basis.
Monitor customer credit limits to minimize bad debt losses.
Develop a system for allocating indirect costs across multiple projects or departments.
Develop a process for managing foreign currency exchange rates and transactions.
Ensure financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP).
Review contracts with customers or vendors to ensure compliance with accounting standards.
Establish internal controls over account reconciliations, journal entries, and other accounting procedures.
Conduct regular reviews of accounts payable aging reports to identify potential payment issues.
Monitor inventory turnover rates and make recommendations for improving efficiency.
Develop a process for managing accounts receivable collections efficiently.
Manage cash flow projections to ensure adequate working capital for ongoing operations.
Develop a system for tracking intellectual property assets, such as patents and trademarks.
Ensure compliance with sales tax regulations across all jurisdictions where the company operates.
Develop policies for managing revenue recognition across multiple products or services lines.
Monitor actual expenses compared to budgeted amounts and take corrective action where necessary.
Conduct due diligence on potential mergers, acquisitions, or divestitures from an accounting perspective.
Prepare financial models for evaluating capital investment decisions.
Ensure all balance sheet accounts are reconciled on a regular basis.
Manage relationships with banks or financial institutions to optimize interest rates or other financial terms of loans or credit facilities.
Participate in negotiations with customers or vendors related to pricing or payment terms.
Develop a system for monitoring key performance indicators related to customer profitability or product/service margins.
Ensure accurate recording of revenue shared with partners or affiliates under contract agreements.
Develop policies for managing joint venture accounting when multiple parties are involved in business activities or investments.
Manage relationships with insurance providers to ensure adequate coverage at reasonable premiums.
Create dashboards or visualizations of key financial metrics for senior management reporting purposes.
Manage relationships with investors or other stakeholders regarding fundraising activities or equity financings.
Evaluate potential impacts of changing tax regulations on the company’s operations or financial statements.
Communicate effectively with internal and external auditors during audits or reviews of financial statements or internal controls reconciliations.
Conduct regular reviews of automated accounting systems or software solutions, identifying potential improvements or weaknesses.
Review potential impact of Brexit on trade agreements, taxes tariffs, etc, as they relate to the company's operations.
Ensure that company complies with IFRS accounting standards.
Create an accounts payable policy document which clearly outlines payment processes.
Improve the transparency between the finance team and other departments by creating a strategy that will enhance communication processes.
Foster newer business relationships that may bring better terms, payment options, etc., thereby bringing cost savings.
Evaluate current staffing structure in the finance department in order to determine if there’s a need for new hires, restructurings, etc.
Enhance budgeting processes using relevant technology tools in order to reduce the amount of time used in generating budgets manually.
Implement strategic partnerships with other businesses that may help in increasing revenue through cross-promotion, affiliate marketing etc.