WHAT DOES A JUNIOR ACCOUNTANT DO?

Published: Nov 18, 2025 - The Junior Accountant monitors daily bank transactions to ensure their validity, accuracy, and timely recording, while also managing accounts receivable and intercompany reconciliations. This role supports financial integrity by posting journal entries, maintaining A/R schedules, and reviewing figures, reports, and payroll data for accuracy. The accountant also assists with monthly and annual closings, audit preparations, and ad hoc accounting projects.

A Review of Professional Skills and Functions for Junior Accountant

1. Junior Accountant Duties

  • Indirect Rate Analysis: Preparing and calculating monthly Indirect Rates and their components, including Labor, bases, and Other Indirect Costs (ODCs)
  • Cost Pool Evaluation: Analyzing indirect costs and burdens for various pools.
  • Expense Reconciliation: Reconciling monthly Statements of Indirect Expenses (SIEs) to the Trial Balance and CER reports for various pools
  • Staffing Reporting: Preparing weekly and monthly staffing (Full Time Equivalents) analyses and reports
  • Budget Preparation: Assisting and preparing indirect budgets for internal/Shared Services clients
  • Budget Status Reporting: Preparing monthly cost vs Budget status reports for internal/Shared Services clients.
  • FPR Preparation: Understanding and assisting with the preparation of yearly Incurred Cost Submissions (ICSs) and Forward Pricing Rate proposals (FPRs) to DCMA and DCAA
  • Audit Support: Understanding and supporting Internal and External audits, including DCAA, and many audit requests
  • Journal Entry Processing: Assisting or entering monthly journal entries related to various types of intercompany allocations
  • Unallowable Cost Analysis: Understanding, tracking, and analyzing unallowable charges

2. Junior Accountant Details

  • General Ledger Ownership: Ownership of the UK-managed companies’ general ledgers with additional focus on UK-managed debt facilities, intercompany balance reconciliations, intercompany interest, and corporate allocations.
  • Journal Entry Management: Oversight and preparation of journal entries for regular accruals, prepayments, depreciation, and other corporate transactions, including share option/IFRS 2 entries.
  • Journal Review: Review and approve monthly journals prepared by the Accounts Payable Clerk.
  • Account Reconciliation: Review key control account reconciliations.
  • Financial Schedule Support: Assist with the preparation of schedules and analysis to support financial and management accounts.
  • Subsidiary Pack Review: Assist with reviews of African subsidiary monthly packs.
  • Accounting Support: Assist operating subsidiaries with accounting issues.
  • Statutory Reporting Prep: Assist in preparing notes and supporting documentation for the Group's statutory reporting.
  • Financial Statement Preparation: Prepare UK-managed entities’ financial statements for both statutory and tax filing purposes.
  • Prospectus Disclosure Support: Assist with the publication of the Group’s prospectus disclosures.
  • ERP Data Migration: Assist in the data migration and user testing of the Group’s new ERP system.
  • ERP Process Improvement: Drive adoption and process improvement of the Group’s new ERP system.

3. Junior Accountant Responsibilities

  • Revenue Book-keeping: Book-keeping of revenue transactions, customer invoices, and booking customer payments.
  • Supplier Book-keeping: Book-keeping of supplier vouchers, supplier invoices, and bank payments in the accounting system Xledger.
  • Invoice Registration Support: Assist in supplier invoice registration and allocation of supplier invoices with correct GL accounts, cost center, business unit, and VAT code.
  • Supplier Reconciliation: Assist in the reconciliation of supplier invoices against Gelato’s production platform.
  • Authorization Assessment: Determining the appropriate level of authorization of supplier invoices according to Gelato’s approval matrix.
  • Supplier Communication: Communication with Gelato Group’s suppliers about payments and reminders.
  • Tax Reporting: Assist in monthly, quarterly, and annual VAT and sales tax reporting.
  • Balance Sheet Reconciliation: Assist in monthly balance sheet reconciliation.

4. Junior Accountant Job Summary

  • General Ledger Posting: Prepare and post general ledger entries.
  • Account Reconciliation: Reconcile various GL accounts (daily, weekly, and monthly) by gathering statements and balancing information.
  • Check Processing: Process checks returned by other banks and notify the branches/departments that are involved.
  • Reconciliation Troubleshooting: Troubleshoot reconciliation differences and communicate with all parties involved (branches, vendors, etc.).
  • Error Correction: Correct errors by posting adjusting journal entries.
  • Account Posting: Manual post to customer bank accounts.
  • Document Scanning: Scan critical documents for record retention.
  • Spreadsheet Management: Maintain spreadsheets and prepare activity logs for the department.
  • Month-End Support: Support the monthly end-of-the-month closing process.
  • Department Backup: Act as backup to department team members regarding various responsibilities (A/R, A/P, etc.).
  • Information Security: Secure financial information, safeguard customer information.
  • Project Assistance: Assist with other accounting projects under management.

5. Junior Accountant Accountabilities

  • Customer Invoicing: Customer Invoicing and Receipting
  • Debtor Payment Capture: Capture debtors' payments
  • Customer Statements: Issue customer statements every month
  • Debtor Follow-up: Follow up on overdue debtor accounts
  • Supplier Payments: Supplier Payments and Expenses
  • Invoice Authorization: Ensure all suppliers' invoices are appropriately authorized for payment
  • Supplier Payment Processing: Make supplier payments in accordance with due dates
  • Bank Capture: Capture bank account entries daily
  • Bank Reconciliation: Reconcile bank accounts every month
  • Petty Cash Reconciliation: Capture and reconcile petty cash accounts
  • Statutory Submission: Complete and submit the statutory forms accurately and before the due date

6. Junior Accountant Functions

  • Leave Overtime Records: Accurate Record keeping of staff leave and overtime
  • Budget Preparation: Assist in preparing annual budgets
  • Month-End Journals: Process and capture month-end journals
  • Financial Statement Drafting: Prepare draft monthly financial statements and reports
  • Chart Maintenance: Maintain the chart of accounts
  • Budget Variance Analysis: Calculate variances from the budget and report significant issues to management
  • Audit Support: Provide information to external auditors for the annual audit
  • Stock Reporting: Reporting on stock variances
  • Freight Reporting: Reporting on freight costs
  • Export Administration: Be responsible for administrative work for exports to African customers

7. Junior Accountant Job Description

  • Report Maintenance: Ensure that all reports and records are maintained accurately and promptly.
  • Expenditure Documentation: Maintain proper documentation of all expenditures for reimbursements, petty cash, and purchase orders (e.g., receipts).
  • Fiscal File Management: Maintain fiscal documentation files for all required monthly and quarterly financial reports.
  • Fiscal Data Support: Provide fiscal data to the Finance team to prepare monthly financial statements.
  • Audit Documentation: Compile documentation for all audits.
  • AP/AR Records Management: Forward accurate accounts payable and accounts receivable records to the Finance team for processing and track processing.
  • Review Support: Assist with semi-monthly review and bi-weekly Accounts Payable review.
  • Budget Assistance: Assist in the preparation of agency budgets before submission of individual program grant applications.
  • Insurance Documentation: Maintain documentation of all insurance (e.g., liability).
  • Grant Compliance: Review and understand all grant requirements (e.g., NJ Dept. of Education, NJ Dept. of Human Services, Head Start, etc.).

8. Junior Accountant Overview

  • Bank Monitoring: Monitor bank accounts daily and ensure all transactions are valid and accurate.
  • Bank Transaction Recording: Daily review and recording of all bank transactions in an efficient, timely, and accurate manner.
  • Payment Recording: Receiving and recording payments and reimbursements from Development and Operations.
  • Discrepancy Reconciliation: Reconciling and reporting any discrepancies found in the records.
  • A/R Schedule Maintenance: Maintaining A/R schedules and ensuring payments/reimbursements are applied correctly.
  • Report Accuracy Check: Checking for accuracy in reports, figures, and postings.
  • Journal Entry Posting: Post and process journal entries to ensure all business transactions are recorded.
  • Account Reconciliation: Reconcile accounts receivable and intercompany balances.
  • GL Analysis: Prepare various G/L related analyses.
  • Expense Payroll Review: Assist with reviewing expenses, payroll records, etc.
  • Closing Support: Assist the corporate department in the preparation of the monthly/yearly closing.
  • Audit Tax Support: Provide supporting documentation for audits and tax returns.
  • Project Assistance: Assist with other accounting projects.

9. Junior Accountant Details and Accountabilities

  • Customer Relations: Positively represent the department by establishing relationships with the internal and external customers
  • Closing Support: Support the department in the monthly and annual closing process
  • Invoice Processing: Process vendor invoices and expense reports
  • Cash Monitoring: Monitor daily cash balances
  • Claim Reconciliation: Reconcile third-party administrator claim reimbursements
  • Balance Sheet Support: Provide support for accounting cycle balance sheet reconciliations
  • Vendor Documentation: Track W-9 for new vendors on an ongoing basis
  • 1099 Reporting: Maintain and prepare annual 1099-Misc reports following the tax code
  • Policy Compliance: Maintain and follow departmental written policies and procedures
  • Process Improvement: Contribute to a culture of continuous best practices and procedures
  • Time Management: Organize time in advance so projects are completed on time and with appropriate content and organization
  • Team Interaction: Positively interact with the team and other colleagues
  • Professional Development: Increase industry and job knowledge as measured by attendance at continuing education, attaining or updating designations, and participation in other agency training offerings
  • System Navigation: Understand and accurately navigate accounting and other agency management systems
  • Team Confidence Building: Establish confidence with the team by exhibiting a positive attitude and a growth mindset

10. Junior Accountant Tasks

  • Close Process Management: Realize accurate and timely monthly, quarterly, and year-end close processes and the preparation of internal reporting
  • Balance Sheet Dossier: Create a robust balance sheet dossier
  • Accounting Oversight: Direct, monitor, and review the daily accounting function back office and shared administration services departments, which include accounts payable, accounts receivable, payroll, cash administration, and general ledger
  • Team Coaching: Coaching and training of finance administrators in their day-to-day tasks, to improve the quality of the process, controls, and reporting
  • Journal Posting: Posting of G/L and transactional journals, which includes the data transfer from other relevant systems
  • Ledger Coordination: Coordinate and review the input from the back office team on A/R and A/P ledgers
  • Data Collaboration: Work closely and cooperate with business departments in the collection of financial data
  • Tax Compliance: Prepare tax filings for several entities, support other tax compliance activities, and be in close contact with the Tax Manager
  • Process Improvement: Ensure that the shared service administration team delivers successfully and continuously improves the process, in line with the accounting strategy

11. Junior Accountant Roles

  • Loan Property Accounting: Review and manage all accounting-related activity for loan investments and commercial properties
  • Accrual Booking: Booking of accrual entries in the general ledger
  • Operating Review: Monthly review of operating results to ensure accurate recording of income and expenses, including recording adjusting journal entries
  • Rent Collection Support: Reviewing rent collections and working with the property management team to collect outstanding balances
  • Bank Reconciliation: Prepare bank reconciliations
  • Bill-Back Preparation: Prepare and/or review monthly Bill-Backs for commercial properties
  • Loan Tracking: Update Loan Spreadsheets for various loan investments, which would include preparing schedules in Excel, tracking receipts and payments, and following up on non-payments of interest and principal by borrowers
  • Term Sheet Preparation: Prepare Term Sheets and related documents

12. Junior Accountant Additional Details

  • Document Review: Review legal documents from the attorney for updates/changes on loan investments
  • Loan Summary Prep: Prepare loan abstracts and operating agreements to provide summaries to management
  • Wire Transfer Processing: Prepare wire transfers related to loan investments
  • Deposit Recording: Record and make deposits related to loan investments
  • Invoice Preparation: Prepare invoices for loan collections
  • Payment Verification: Verify payments for loans, Real Estate Taxes, and Insurance
  • Budget Statement Prep: Preparation of annual budgets and personal financial statements.
  • 1099 Preparation: Prepare annual 1099 forms for applicable vendors.

13. Junior Accountant Essential Functions

  • Vendor Setup: Setting up vendors in the accounting system, including payment terms, 1099 classification, and other documentation
  • Invoice Processing: Processing and coding of vendor invoices on a timely basis, within payment terms, and upon proper approvals
  • Billable Item Identification: Accurately identify vendor items that are billable to clients and ensure timely invoicing to clients
  • Vendor Payment Management: Manage payments to vendors on a routine schedule and match the check or ACH request with backup for review by the finance manager
  • ACH File Upload: Upload ACH payment files to the banking system
  • Vendor Communication: Respond to external vendors and internal managers regarding all aspects of the accounts payable process
  • Month-End Accruals: Maintain appropriate accruals at month-end and review with the finance manager as part of the monthly close
  • AP Aging Review: Review and maintain accounts payable aging schedule
  • Payable Reconciliation: Reconcile the payable report each month to confirm that all amounts paid were accurate
  • Vendor Analysis: Prepare analyses of vendor accounts to produce monthly management reports
  • Amex Monitoring: Actively monitor usage of the company's credit card accounts

14. Junior Accountant Role Purpose

  • Card Usage Coordination: Work with internal teams to ensure card usage is tracked and approved
  • Amex Coding: Ensure accurate coding of American Express bills each month into the accounting system
  • Amex Reporting: Prepare management reports highlighting Amex usage by employee, project, etc.
  • Expense Posting: Posting all employee expense report payments in the accounting system
  • Client Setup: Create clients and projects in the finance system
  • Revenue Scheduling: Set up and maintain revenue schedules
  • Revenue Recognition Support: Assist the finance manager with revenue recognition during the month-end close process
  • Invoice Generation: Generate monthly and ad-hoc invoices
  • AR Inbox Management: Maintain accounts receivable email inbox and respond to client inquiries regarding invoices/payments
  • Billing Communication: Respond to internal account teams and VPs regarding their client billing/client payments
  • Invoice Collection: Facilitate payment of invoices due by sending bill reminders and contacting clients
  • AR Reporting: Generate accounts receivable aging and reports detailing accounts receivable status

15. Junior Accountant General Responsibilities

  • Project Management: Project managing new company initiatives with respect to funding, portfolio management, and market opportunities
  • Month-End Assistance: Assisting in month-end closing, VAT returns, and R&D Tax projects and process/analyse Accounts Receivable/Payable Invoice of foreign and local entities
  • Cost Booking: Carry out cost bookings of loans and carry out month-end reconciliation of some key balance sheet accounts.
  • Bank Reconciliation: Be responsible for carrying out bank reconciliation of multiple local and foreign bank accounts
  • Discrepancy Resolution: Interact with the case managers and loan underwriters to resolve any discrepancies or exceptions.
  • Issue Escalation: Escalate ongoing discrepancies or exceptions to management
  • Exception Investigation: Investigating and resolving exceptions between internal records
  • Audit Support: Assist the Group Accountant with Year-End Audit and Accounts/Tax filing for UK and European entities
  • Financial Reporting Support: Work with the Group Accountant on Financial/management reporting, cash flow analysis, and ad hoc finance exercises/projects.

16. Junior Accountant Key Accountabilities

  • Expense Audit: Audit employee expense reports for the US and Europe locations
  • Transaction Audit: Perform an audit on transaction details for employee expense reports according to the Company's Travel policy and local tax requirements for Europe locations
  • Report Validation: Review and validate each expense report to ensure that all requirements are met (validate transaction date, receipt, amount, vendor, location, expense type, and payment method, etc.)
  • Employee Interaction: Heavily interacts with employees to resolve any expense report issues as problems arise
  • Policy Management: Manage each company's Travel Policy
  • Workflow Understanding: Understand each company's expense report workflow process
  • System Mastery: Learn and understand the system efficiently
  • Employee Training: Provide training to new employees on how to use the system and submit expense reports
  • File Generation: Generate import/export files (payments, bookings) for Romania entity and upload to internet banking platform and local accounting system (Winmentor)
  • Bookings Reporting: Generate a monthly bookings report and archive (electronic/printed) for the Romania entity
  • Close Reporting: Run and analyze reports for monthly closes
  • Operational Support: Provide support for the accounting department on operational tasks regarding wire payment, bank statement processing, booking of invoices, etc.

17. Junior Accountant Roles and Details

  • Bank Issue Resolution: Monitors and resolves bank issues, including fee anomalies, and completes bank reconciliations monthly
  • Journal Entry Adjustment: Be responsible for correcting errors and posting daily adjusting journal entries to ensure all business transactions are recorded
  • Entry Documentation: Maintains adequate documentation to support entries
  • Epic Monitoring: Monitors Epic transactions daily to ensure proper handling of cash and checks
  • AP Monitoring: Monitors invoices, purchase orders, and any other AP-related transactions to ensure timely payment to the vendor
  • Budget Forecasting: Participates in budget preparation and forecasting, variance analyses, and any other related transactions
  • Close Support: Serves as back-up to staff accountants during monthly, quarterly, and annual accounting close with processing journal entries, reconciliations, analyses, etc.
  • Reporting Assistance: Assists staff with a variety of special budget, financial, and managerial reporting projects
  • Technical Utilization: Utilizes diverse technical skills, including Excel, Cognos, SAP, etc, to complete tasks more efficiently
  • Professional Communication: Communicates effectively and professionally with peers and takes ownership of work
  • Industry Awareness: Stays abreast with the healthcare industry and the medical institution to better understand changes and operations

18. Junior Accountant Responsibilities and Key Tasks

  • AR Reconciliation: Accounts receivable reconciliations, reviews, and monthly reporting to ensure invoicing and receipt processing, and data entry are accurate
  • AP Reconciliation: Accounts payable reconciliations similar to the above
  • Financial Reporting Support: Assisting with the preparation of monthly financial reports covering balance sheet, profit and loss, and internal management reports
  • Ledger Management: Assisting in managing the general ledger, including overseeing the monthly balance sheet, banking, and intercompany reconciliations
  • Statutory Prep: Assisting in the preparation of year-end statutory accounts
  • Budget Forecast Support: Assisting with the budgeting and forecasting
  • Process Improvement: Assisting in process improvement and systems enhancement initiatives
  • Initiative Identification: Proactively assist in identifying new initiatives that could benefit the organisation.
  • Team Collaboration: Collaborate effectively with the team to achieve common goals

19. Junior Accountant Duties and Roles

  • Invoice Coding: Code all new invoices and enter them into the system
  • Invoice Review: Review all invoices for appropriate documentation and approval before payment
  • Invoice Prioritization: Prioritize invoices according to cash discount potential and payment terms
  • Credit Card Audit: Audit and process credit card bills
  • Check Processing: Match invoices to checks, obtain all signatures for checks, and distribute checks accordingly, 1099 maintenance
  • Vendor Communication: Respond to all vendor inquiries
  • Vendor Reconciliation: Reconcile vendor statements, research, and correct discrepancies
  • Month-End Accruals: Prepare month-end accrual tracking and assist in month-end closing
  • Expense Reconciliation: Review and reconcile employee expense submissions
  • Bank Reconciliation: Review and reconcile bank statements
  • Client Invoicing: Prepare monthly client invoices
  • Document Maintenance: Maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices

20. Junior Accountant Responsibilities

  • Financial Office Backup: Act as a back-up to the Financial Manager and all functions of the Financial Office
  • Management Reporting: Compile management reports for clients
  • Audit Support: Provide support to Community Schemes audits (audit queries, audit journals, general ledger postings, reconciliations)
  • Tax Statement Support: Audited financial statements for Tax Consultants (Ascendant)
  • Trust Audit Assistance: Assist with MidCity Trust audit
  • Transaction Allocation: Ensure the correct allocation of transactions
  • Journal Processing: Processing of special journals to correct the ledger accounts
  • Allocation Transfer: Transfer incorrect allocations between buildings
  • Investment Allocation: Allocate Investments and New Accounts on MDA
  • Payment Capturing: Capturing E-Wallet, Ad Hoc, and additional payments on FNB
  • Debit Order Resolution: Unallocated/Unknown Building Debit Orders 
  • Cashflow Updates: Cashflow remark changes

21. Junior Accountant Job Summary

  • Cash Log Management: Complete daily cash logs for Ware, ASSi, and Norbet
  • Bank Funding Processing: Process daily bank account funding
  • Borrowing Base Reporting: Process daily Borrowing Base A/R rollforward
  • CAR Maintenance: Maintain capital/expense project request forms (CARs), which include review of requirements, status of reports, tracking approvals, and determination of capital vs expense categories
  • Fixed Asset Maintenance: Maintain fixed asset records (additions and disposals) promptly, including proper useful life, and fixed asset record details
  • Lease File Management: Prepare/maintain capital and operating lease file for additions, terminations, and renewals (monthly)
  • Account Analysis: Prepare an analysis of selected balance sheets and expense accounts (assigned based on complexity)
  • Journal Entry Preparation: Prepare journal entries for corrections/recurring accruals (to be identified, such as utilities, prepaid amortizations, etc.)
  • Commission Calculation: Prepare monthly and quarterly sales rep commissions and incentives
  • Sales Tax Filing: Prepare multi-state Sales and use tax returns (monthly, quarterly, annually)
  • Balance Sheet Support: Provide support for Senior Accountants for balance sheet analysis
  • Intercompany Reconciliation: Reconcile intercompany and related party accounts every month
  • Billing Backup: Backup for Scrap Billing invoices, Design Group billing, and A/R Adjustments
  • Audit Preparation: Prepare audit backup documents
  • GAAP Compliance: Monitor compliance with generally accepted accounting principles and company procedures

22. Junior Accountant Functions

  • Account Entry Preparation: Prepares asset, liability, and capital account entries by compiling and analyzing account information.
  • Financial Reporting: Preparing balance sheet, profit and loss statement, and other reports.
  • AR/AP Management: Be responsible for performing accounts receivable and accounts payable for the US and PH branches.
  • Invoicing Collections: Sending invoices to customers and following up on collections.
  • Payroll Preparation: Be responsible for the preparation of payroll computation for PH employees.
  • Record Maintenance: Be responsible for maintaining an organized accounting paper trail.
  • Transaction Substantiation: Substantiates financial transactions by auditing documents.
  • Discrepancy Reconciliation: Reconciles financial discrepancies by collecting and analyzing account information.
  • Bank & Card Reconciliation: Prepares the monthly bank and credit card reconciliation statement and other account analyses.
  • Internal Control Compliance: Maintains financial security by following internal controls.
  • Special Reporting: Prepares special financial reports by collecting, analyzing, and summarizing account information and trends.
  • Confidentiality Protection: Maintains customer confidence and protects operations by keeping financial information confidential.
  • Team Contribution: Contributes to team effort by accomplishing related results.

23. Junior Accountant Overview

  • GL Control: Maintain and control the GL accounts and accounting transactions as per the IFRS standards for the business unit.
  • Audit Support: Assist the Senior Accountant/Chief Accountant during annual audit processes.
  • Forecast Budget Support: Assist the Senior Accountant/Chief Accountant in the quarterly forecasting, annual budget, and the monthly management reporting.
  • Transaction Processing: Perform the day-to-day processing of accounts transactions to ensure that the company's finances are maintained in an effective, up-to-date, and accurate manner.
  • Month-End Assistance: Assist the Senior Accountant/Chief Accountant with the monthly and year-end operations of the accounting department, including budget review and analysis.
  • AP Processing: Perform the processing and recording of AP transactions and ensure that all invoices and staff reimbursements are paid accurately and in accordance with finance policies and procedures.
  • Revenue Management: Managing the processing of cash receipts, recording of revenue and receivables, and working closely with the team to ensure that revenues and receivables are reconciled with Salesforce data at any given time.
  • Expense Review: Review expense coding to ensure compliance on a monthly basis.
  • Accrual Amortization: Perform the processing of functional and benefits expenses allocations, monthly accruals, amortization of prepaid expenses, fixed assets depreciations, and recording of adjusting and reclassification journal entries.
  • Variance Analysis: Prepare and analyze the monthly budget/forecast to actual variance reports per department.
  • General Reconciliation: Perform general accounts and reconciliations, including bank statements, fixed assets, accruals, and prepaid expenses.
  • Financial Report Prep: Assist in the preparation of financial reports such as financial statements, budget performance, and interim financial reporting.
  • Invoice Processing: Process invoices, debit memos, to invoice or re-invoice for any adjustment on restocking fees, currency issues, transferring commissions/fees, and co-op salary to the agent, corrections to the original invoice, and transferring goods between customers.
  • Cash Application: Posting all cash receipts, discounts, allowances, price differences, returns, and other chargebacks to customer accounts timely and accurate manner.
  • AR File Maintenance: Maintaining thorough, well-organized accounts receivable customer files by scanning documents into DOS and sorting and filing by customer.

24. Junior Accountant Additional Details

  • Invoice Review: Review of all invoices for appropriate documentation and approval before payment.
  • Invoice Matching: Process 2-way matching invoices, up to 100+ line items.
  • Invoice Prioritization: Prioritize invoices according to cash discount potential and payment terms.
  • Discount Analysis: Ensures strict attention and analysis of prepayment discounts.
  • Check Processing: Match invoices to checks, obtain all signatures for checks, and distribute checks.
  • Vendor Communication: Respond to all vendor inquiries.
  • Vendor Reconciliation: Reconcile vendor statements, research, and correct discrepancies.
  • Receiving Reconciliation: Daily interface with the Purchasing and Warehouse team to reconcile receiving issues with vendor invoices.
  • Store Activity Review: Review of daily store activities.
  • Reconciliation: Reconcile daily z-outs and daily interface with Store Managers to ensure timely reconciliation.

25. Junior Accountant Role Purpose

  • GL Entry Recording: Record accounting entries to the general ledger.
  • Account Reconciliation: Handle various account reconciliations.
  • Vendor Reconciliation: Reconcile monthly vendor statements.
  • Month-End Support: Assist in month-end closing and maintain files.
  • Inventory Assistance: Assist in annual inventory.
  • Office Supply Management: Responsible for office supply management and shipping supplies to stores.
  • Mail Handling: Sort and distribute incoming mail.
  • Office Administration: Miscellaneous general office duties.
  • Standards Compliance: Compliance with Company Standards
  • Confidentiality Protection: Maintains employee confidence and protects accounting operations by keeping information confidential.
  • Public Image Support: Projects a favorable image of Bike Barn to promote its objectives and foster and enhance public recognition.

26. Junior Accountant Duties

  • Finance Support: Position reports to the Senior Manager of Finance and Accounting
  • Bank Reconciliation: Reconcile monthly bank statements
  • Month-End Close Support: Support the Month-End Close process, including data gathering, workbook preparations, journal entries, financial statement preparation, and other ad-hoc reporting (in Excel)
  • AR Support: Provide AR support, including billing new and existing wholesale and B2B customers
  • AP Management: Manage most aspects of AP, including invoice processing and payments, vendor relations and set up, account balance reconciliations, and employee expense reports
  • Sales Tax Support: Assist with periodic state sales tax reconciliations and filings
  • Revenue Agency Support: Provide administrative support in all dealings with the states’ revenue agencies, including registrations and renewals, responding to inquiries, etc.
  • Accounting Assistance: Handle and support other accounting-related matters, including chargebacks, customer service inquiries, issue resolution, etc.

27. Junior Accountant Details

  • Cost Accounting: Performs general cost accounting and other related duties for the organization.
  • Financial Statement Prep: Prepares monthly balance sheets, income statements, and profit and loss statements.
  • General Ledger Maintenance: Maintains the general ledger.
  • Invoice Coding: Codes invoices, sets up new accounts, reconciles accounts, and closes the monthly books.
  • Bank Reconciliation: Reconciles bank accounts at least monthly, verifies deposits, and addresses inquiries from banks.
  • Account Reconciliation: Reconciles cash disbursement accounts, payroll, customer accounts, and other financial accounts, and manages accounts receivable collections.
  • AP Processing: Verifies and/or completes payment of invoices associated with accounts payable and ensures payments are charged to the appropriate accounts.
  • Software Coordination: Coordinates with the software vendor to maintain accounting software systems.
  • Software Enhancement: Recommends updates to enhance the accounting software.
  • Purchasing Management: Manages the purchasing and invoicing system.
  • Accounting Compliance: Maintains knowledge of acceptable accounting practices and procedures.

28. Junior Accountant Responsibilities

  • Journal Entry Preparation: Preparing and posting journal entries
  • Entity Reconciliation: Reconciliation of multiple entities and balance sheet accounts
  • Financial Statement Prep: Full Financial Statement preparation
  • Ad Hoc Analysis: Contributes to ad hoc analyses and projects
  • Regulatory Compliance: Complies with federal, state, and local legal requirements by studying requirements, enforcing adherence to requirements, filing reports advising management on needed action
  • Cash Reconciliation: Reconciliation of all bank, cash, and credit card transactions and statements
  • Record Maintenance: Maintains historical records by filing documents
  • Financial Reporting: Prepares financial reports by collecting, analyzing, and summarizing account information and trends
  • PCI Compliance: PCI Compliance for all merchant processing accounts
  • Merchant Reconciliation: Reconciliation of merchant processing and transactions

29. Junior Accountant Accountabilities

  • Month-End Closing: Perform financial month-end closing, including monthly journals
  • Financial Reporting: Prepare monthly financial reports and balance sheet schedules, and perform reports and account reconciliations
  • Reporting Pack Submission: Complete and submit monthly/quarterly/annual reporting packs in Cartesis and Maconomy (in-house reporting and accounting system).
  • Intercompany Reconciliation: Ensure completion of inter-company transactions and reconciliations
  • Vendor Setup: Evaluate, process, and set up vendors in the Maconomy system
  • Audit Schedule Prep: Complete Audit Schedules and queries
  • Audit Tax Liaison: Liaise with auditors and tax agents on statutory accounts and tax submissions and auditing, and prepare audit and tax schedules
  • Stakeholder Coordination: Liaise with the shared service centre, clients, vendors, bank, govt offices, and internal clients
  • Internal Control Maintenance: Maintain strong internal controls and reporting standards
  • Compliance Assurance: Ensure compliance with local accounting and reporting requirements
  • Audit Coordination: Generate audit schedules and liaise with auditors

30. Junior Accountant Functions

  • Accounting Functions: Perform accounting functions, including booking, reconciling, and reporting financial activity.
  • GL Entry Analysis: Compile and analyze financial information to prepare entries to the general ledger.
  • Cash Deposit Entry: Entering retail cash, credit card deposits, and fees, transferring from Oracle to Piteco of payments issued, and assisting in the preparation of the weekly cash flows
  • Bad Debt Calculation: Calculate Accounts Receivable bad debt (wholesale and retail)
  • Receivables Reporting: Prepare other receivables reporting (Wholesale and Retail)
  • Chargeback Response: Respond to credit card chargeback inquiries within specified timeframes.
  • Chargeback Logging: Update the Controller and CFO on pending, won, and lost chargeback activity by preparing and updating a Retail Chargeback log.
  • Chargeback Coordination: Coordinate with store-level personnel to resolve chargebacks.

31. Junior Accountant Overview

  • Policy Compliance Review: Determine where policy and procedure regarding credit card payments are not being adhered to and inform the Controller.
  • Tax Return Preparation: Prepare Sales and Use Tax Returns (including use tax self-assessment), Commercial Rent Tax Returns, US Census, and other local fiscal returns
  • Balance Sheet Reconciliation: Prepare monthly balance sheet reconciliations
  • Deadline Compliance: Ensure all financial closing and reporting deadlines that have been assigned are met.
  • Close Process Management: Ensure accurate and timely monthly, quarterly, and year-end close.
  • Audit Assistance: Assist in annual year-end audit review.
  • Record Maintenance: Maintain organized, accurate, and complete accounting records
  • Process Improvement: Identify areas for process improvement and streamlining.

32. Junior Accountant Details and Accountabilities

  • AP Data Entry: Performs data entry for accounts payable vouchers, invoices, bills, and expenses to ensure accurate and timely payment.
  • Vendor Support: Supports vendor and subcontractor inquiries regarding accounts payable.
  • Finance Assistance: Assists business finance teams with inquiries and payment status questions
  • Pay Form Analysis: Compiles and analyzes project pay forms to meet deadlines and ensure accuracy.
  • Insurance Bond Tracking: Tracks insurance and bond information for all subcontractors.
  • Timecard Support: Supports field personnel timecard entry, certified payroll, and reporting.
  • Equipment Entry: Enter equipment time entry and reconcile equipment accruals for project needs.
  • Check Processing: Assists with check running activities and auditing to meet weekly deliverable deadlines.
  • Record Maintenance: Maintains organized accounts payable records and file records in a timely and accurate manner.
  • Invoice Matching: Matches invoices, purchase orders, and receivers before payment distribution.
  • Check Matching: Matches invoices to checks before signing and ensures each check is supported.

33. Junior Accountant Roles

  • Intercompany Management: Maintain intercompany transactions, billings, and reconciliation
  • Internal Control Compliance: Maintain, implement, and adhere to internal controls.
  • GAAP Compliance: Ensure that accounting procedures comply with GAAP
  • Financial Analysis: Prepare analyses for monthly balance sheets and income statements for management to report on
  • Fixed Asset Oversight: Oversee depreciation, fixed asset ledgers, and reconciliation
  • Ad Hoc Reporting: Ad hoc reporting and performing special projects upon request
  • Complex Journal Entries: Prepare complex journal entries and account reconciliations, including cash, prepaid expenses, and payroll
  • Lease Schedule Management: Manage schedules for capital lease and monthly payments
  • Close Process Support: Support the month-end, quarter-end end and year-end closing process by preparing monthly financial close workbooks
  • Recurring Entry Maintenance: Recurring journal entries maintenance and reconciliation
  • Month-End Closing: Compose journal entries and conduct the month-end close with minimal supervision
  • Data Coordination: Coordinate and analyze a variety of financial data, then report it in a way that is useful and understandable

34. Junior Accountant Additional Details

  • Financial Statement Prep: Assisting in preparing timely and accurate internal financial statements every month for the client and its related companies
  • Bank Reconciliation: Preparing monthly bank reconciliations for the client and its related companies
  • Closing Statement Prep: Preparing daily, weekly, monthly, quarterly, and annual closing statements, reports, and invoices
  • Journal Entry Preparation: Preparing monthly journal entries
  • Fixed Asset Management: Maintaining the Fixed Asset and associated depreciation schedules on JDE
  • Journal Entry Support: Providing monthly details for journal entries
  • Asset Recording: Ensuring proper recording of new purchases and disposals
  • PPE Reporting: Preparing the Property, Plant, and Equipment standard report for Corporate
  • Audit Support: Supporting external and internal requirements for SOX and financial audits
  • Audit Schedule Prep: Preparing audit schedules
  • File Maintenance: Maintaining monthly files within the department

35. Junior Accountant Role Purpose

  • P&L Analysis: Oversee the creation of monthly balance sheet and income statement analyses for reporting to management
  • Internal Control Compliance: Take part in the implementation and adherence to internal controls and accounting procedures, ensuring compliance with GAAP
  • Month-End Closing: Complete month-end close, journal entries, without supervision
  • Complex Journal Entries: Produce complex journal entries and account reconciliations, including cash, prepaid expenses, and payroll
  • Close Participation: Partake in annual closing processes
  • Department Initiatives: Take part in various department-wide initiatives
  • Ad Hoc Projects: Ad-hoc tasks and special projects
  • Financial Data Commentary: Comment on a wide variety of financial data and communicate it in a useful and understandable manner
  • Asset Management: Carry out fixed asset ledger, depreciation, and reconciliation
  • Schedule Support: Support capital lease and monthly payment schedules

36. Junior Accountant Essential Functions

  • Chart Audit: Learn the Chart of Accounts by auditing a high volume of invoices
  • Partner Relations: Build relationships with the Accounting partners and operations
  • Check Processing: Processing and printing checks to ensure payment deadlines are met
  • Close Deadline Compliance: Ensuring month-end, quarter-end, and year-end deadlines are met with a high level of accuracy
  • SOX Control Monitoring: Monitoring of applicable SOX controls to ensure completeness
  • Expense Trend Analysis: General Ledger expense trend analysis
  • Accrual Entry Preparation: Create accrual Journal Entries as part of the month-end close process
  • Vendor File Maintenance: Master vendor file maintenance for vendor terms and 1099 accuracy

37. Junior Accountant General Responsibilities

  • GAAP Compliance: Ensure that all financial information is recorded in accordance with GAAP and Federal and State regulations, and consistent with established Company policy and procedures
  • Administrative Support: General administrative duties such as daily downloads, saving and compiling reports, and assisting in department events
  • Journal Entry Preparation: Prepare daily and month-end journal entries
  • Account Reconciliation: Prepare general ledger account reconciliations
  • Close Participation: Participation in the monthly close process
  • Audit Assistance: Assist with quarter and year-end audits
  • Issue Investigation: Assist in researching and investigating issues
  • Monthly Close Support: Assist in the monthly close process

38. Junior Accountant Key Accountabilities

  • Opera Revenue Upload: Daily upload of Opera revenues into Sun System with F&B and room stats.
  • Revenue Review: Reviews the work of the F&B department and Day Audit, ensuring accuracy of the information.
  • InfoGenesis Reconciliation: Daily reconciliation of InfoGenesis revenues (F&B) to Opera and processing of adjustment journals
  • Rate Variance Testing: Daily test check of rate variance reports with Rooms and Revenue Manager.
  • Outlet Check: Daily check of all Hotel packages, F&B, and Spa.
  • Revenue Flash Compilation: Compilation of the daily revenue flash, including all hotel outlets, covers, and ADR.
  • Audit Pack Submission: Daily compilation and submission of Audit Pack.
  • FX Rate Updating: Updating of foreign exchange rates in Opera.

39. Junior Accountant Roles and Details

  • Cash Count Audits: Surprise monthly cash counts of all hotel floats.
  • Telephone Revenue Reconciliation: Monthly reconciliation of telephone revenue in Opera.
  • Data Integrity Maintenance: Maintains the integrity of data for Opera and PeopleSoft mapping.
  • Revenue Allocation: Properly allocates revenues and posts to the appropriate ledger accounts.
  • Promo Charge Review: Reviews and properly codes for posting and reporting all Promotional charges.
  • Month-End Assistance: Assists in the closing of books at month's end.
  • Additional Duties: Perform any other duties assigned by the Accounting Manager and/or the Director of Finance.
  • Closing Procedures: Complete month-end closing procedures as specified, including monthly reports.
  • Policy Compliance: Maintain complete knowledge of and comply with all departmental policies/service procedures/standards.

40. Junior Accountant Responsibilities and Key Tasks

  • Ad Hoc Reporting: Ad-hoc reporting and special projects
  • Month-End Closing: Perform the month-end close and produce journal entries under minimal supervision
  • Journal Maintenance: Regular maintenance and reconciliation of journal entries
  • Balance Sheet Reconciliation: In-depth experience with month-end balance sheet account reconciliations
  • Internal Control Compliance: Maintain, implement, and adhere to internal controls while ensuring that accounting procedures comply with GAAP
  • Department Initiatives: Partake in a variety of department-wide initiatives
  • Close Process Support: Support the month-end, quarter-end, and year-end closing process, which includes monthly financial close workbook preparation
  • Lease Schedule Management: Maintain capital lease and monthly payment schedules
  • Financial Data Review: Organize and review various financial data, then report it in a manner that is useful and understandable
  • Financial Analysis: Compose analyses for income statements and monthly balance sheets for management reporting
  • Complex Journal Entries: Prepare complex journal entries and account reconciliations, including cash, prepaid expenses, and payroll
  • Intercompany Management: Handle intercompany transactions, billings, and reconciliation
  • Fixed Asset Oversight: Oversee depreciation, fixed asset ledgers, and reconciliation

41. Junior Accountant Duties and Roles

  • Mail Handling: Open, sort, and distribute daily department mail
  • Administrative Support: Assist the AP/Finance Department with administrative tasks
  • Process Execution: Execute daily processes and controls accurately and promptly
  • Policy Compliance: Ensure compliance with company policies
  • Audit Support: Help with internal and external audits
  • Document Management: Sort, log, scan, and file invoices, checks, and other documents
  • Check Processing: Manage validating, recording, and mailing checks, and expedite special handling
  • Partner Support: Provide support to internal business partners

42. Junior Accountant Responsibilities

  • Close Support: Collaborate with the Financial Accountant on monthly close activities, such as preparing journal entries and reconciliations of GL accounts
  • Audit Assistance: Support the annual financial audit process with the external auditors
  • Documentation Support: Coordinate and provide support documentation to the external providers (3 entities)
  • Process Improvement: Identify and develop accounting process improvements
  • Process Documentation: Document accounting processes and procedures by creating flow charts, diagrams, checklists, and/or memos
  • Software Participation: Participate in various accounting software initiatives and implementations
  • Bank Reconciliation: Reconciles bank accounts by gathering and balancing information
  • Payment Validation: Validate supplier payments and employee expenses

43. Junior Accountant Accountabilities

  • Payout Transfers: Prepare and proceed with bulk transfers of users’ payouts.
  • Bank Monitoring: Monitoring the bank accounts and sharing the final payout status with the OPS team.
  • GL Recording: Recording the required GLs for all of the processed payouts.
  • Bulk File Preparation: Preparing Bulk transfer files and reviewing them with the Money Fellows system.
  • Batch Processing: Reviewing and proceeding with the payout batches through the third parties.
  • Voucher Tracking: Daily tracking for the payout vouchers to see if they have been withdrawn or are still pending.
  • Cash Payout Review: Reviewing the cash payouts.
  • Time Management: Effective time management of reporting and office work activities.

44. Junior Accountant Functions

  • Journal Entry Adjustment: Prepare and adjust general ledger journal entries
  • Account Analysis: Perform account analysis and reconciliation
  • Chart Maintenance: Maintain the general ledger chart of accounts
  • Internal Control Evaluation: Assist with initial internal control evaluations
  • Accrual Posting: Post monthly, quarterly, and yearly accruals
  • Balance Sheet Support: Assists in preparing balance sheet reconciliations.
  • Expense Timing: Ensure prepaid and deferred expenses are reported in the proper month.
  • Intercompany Entries: Record intercompany journal entries.
  • Issue Communication: Communicate internal issues and recommendations to the Senior Accountant.
  • Tax Return Preparation: Prepare business license, personal property tax, excise tax, and real estate tax returns, and any other applicable returns.
  • Department Projects: Special departmental assignments and/or projects.
  • Confidentiality Compliance: Maintain confidentiality of Company, employee, client, and customer information, sharing information on a need-to-know or right-to-know basis.

45. Junior Accountant Overview

  • Journal Uploading: Upload financial information to journals and ledgers
  • AP Processing: A/P invoice matching and filing, vendor invoices, and disbursement filing
  • Discrepancy Resolution: Rectify discrepancies by checking all possible sources of disagreement, reconstructing probable actions, and recognizing the effect on other accounts
  • GL Reconciliation: Help with G/L account reconciliation and month-end closing, other ad hoc projects
  • Cash Processing: Process daily invoices/credit, apply cash receipts, and help with the collection of past due balances
  • Document Classification: Organize documents that require knowledge in determining the proper classification of expenditure codes and accounting codes
  • Report Assembly: Assemble statements and reports that require the utilization of a variety of sources
  • Entity Support: Be responsible for day-to-day operational and accounting support for designated legal entities
  • Month-End Close: Be responsible for month-end close processes, including revenue review, expense/accrual analysis, variance analysis, and preparation of journal entries
  • Operational Compliance: Be responsible for operational processes, including invoice tracking, manual wire processing, and intercompany agreements compliance
  • Control Maintenance: Keeping internal controls documentation up-to-date and ensuring controls are operating effectively
  • Ad Hoc Projects: Ad-hoc requests and special projects

46. Junior Accountant Details and Accountabilities

  • Internal Control Compliance: Ensure all internal controls and financial processes are followed and performed in a timely and accurate manner.
  • Regulatory Compliance: Complete activities in compliance with internal and external organizational and regulatory guidelines, policies, and requirements.
  • Process Improvement: Participate in process improvement projects, lead cross-training of more junior associates and new team members, and cross-train with other team members to provide backup for critical tasks.
  • Reporting Support: Drive financial reporting, operational, and improvement activities.
  • R2R Support: Take initiatives and provide support for multiple roles in the area of Record to Report.
  • Issue Handling: Handle basic issues and problems under direct supervision, while escalating more complex issues to appropriate staff.
  • Shared Service Coordination: Collaborating closely with the shared service team (GBS) to ensure the quality and timeliness of information sent
  • Document Review: Reviewing and sending documents received to the shared service team (GBS) for posting (e.g., invoice matching of stock and non-stock orders, retail purchases and sales, and cash entries)
  • Journal Monitoring: Monitoring of Journal postings to ensure that all business transactions are recorded and depicted accurately on the company’s ERP system in accordance with Greek GAAP
  • Journal Processing: Posting and processing other journal entries
  • Reconciliation Support: Assist the Financial Team with systems administration, G/L, and account reconciliation
  • Accountant Liaison: Liaise with the External Accountant for other accounting issues
  • Client Management: Be responsible for a list of clients and manage deadlines and workflows under the supervision of a senior accountant or an accounting manager
  • Daily Accounting: Be responsible for the daily accounting for the clients
  • Closing Compliance: Involved in intermediary closing, reporting, year-end closing, and tax compliance functions

47. Junior Accountant Additional Details

  • Journal Control: Prepares, reviews, and controls accounting journals.
  • Account Reconciliation: Perform monthly account reconciliations, ensuring sufficient and quality back-ups.
  • Report Preparation: Produces routine reports, schedules, and summaries for management.
  • Statutory Support: Supports the external advisor on CITR and Statutory accounts preparation, gathers data, and reviews.
  • Process Efficiency: Seek opportunities for central testing, automation, and process efficiencies.
  • Procedure Documentation: Establish, modify, document, and coordinate the implementation of accounting and accounting control procedures.
  • Payroll Reconciliation: Full payroll reconciliations, all banking activities, intracompany.
  • SPV Management: Be responsible for the accounting and administration of a portfolio of different SPVs (Special Purpose Vehicles)
  • Financial Data Verification: Collect, process, and verify information from financial institutions
  • Investment Reconciliation: Prepare investment portfolio and cash reconciliations on a monthly and yearly basis
  • ECB Reporting: Prepare reports for the European Central Bank on a monthly and quarterly basis.
  • Schedule Maintenance: Maintain and prepare schedules tracking various costs to support monthly journal entries and ensure accurate account balances each month.
  • Cross-Functional Understanding: Understand multiple internal areas, such as accounts payable, accounts receivable, and payroll.
  • Management Reporting: Prepare analysis and reports for management.

48. Junior Accountant Role Purpose

  • Closing Assistance: Assisting with the monthly, quarterly, and year-end closings
  • Bank Journal Recording: Recording bank journals and preparing payment proposals
  • Cash Position Tracking: Follow-up on cash position and fund request
  • AP Balance Management: Register and follow-up balances of the accounts payable
  • Declaration Support: Contributing each month to the preparation of the declarations (like VAT and others)
  • Department Collaboration: Communicate and cooperate with other colleagues and departments
  • Audit Support: Preparing SOX control reports, follow-up balance accounts, assisting with the preparation of the audit process, and participating in ad-hoc projects
  • Data Entry: Data entry on the accounting/finance side of the business, including for journal entries
  • Spreadsheet Maintenance: Create and maintain the Excel spreadsheets used during the budget performance management process
  • Client Interaction: Customer service/client-facing responsibilities, to include the collection of information
  • Financial Status Reporting: Create monthly financial status reports
  • Month-End Support: Assist in the month-end closing process
  • Basic Accounting Support: Assist with basic accounting/finance responsibilities, including some reconciliation of accounts

49. Junior Accountant Key Accountabilities

  • Financial Accounting Support: Support in the financial accounting, including bank accounts, accounts payable, assets, and credit card accounting
  • Invoice Posting: Posting and invoice processing to ensure the recording of all business transactions and prepare for the weekly pay run
  • AP Reconciliation: Update accounts payable and perform supplier reconciliations
  • Closing Assistance: Assist senior accountants in the preparation of monthly and yearly closings
  • Report Preparation: Prepare and submit weekly/monthly reports
  • AP/AR Data Entry: Performs data entry AP/AR tasks, such as posting transactions to SAP, maintaining accurate data records, and workflow
  • Customer Communication: Maintains frequent contact with internal and external customers
  • Inquiry Resolution: Responds to inquiries, checks accounting transactions to locate and resolve discrepancies
  • Document Verification: Compiles various financial documents, verifies their accuracy with established procedures
  • SSC Support: Assists SSC colleagues in departmental initiatives

50. Junior Accountant Roles and Details

  • Close Assistance: Assist with the monthly close procedures.
  • Financial Statement Prep: Assist with the preparation of financial statements.
  • Account Reconciliation: Prepare account reconciliations (cash, liabilities, fixed assets, payroll accruals), support schedules according to corporate timelines, and supporting sub-ledgers.
  • Reconciliation Resolution: Research and resolve account reconciling items
  • System Testing: Assist with documentation and testing of internal enterprise reporting system upgrades and modifications.
  • Audit Support: Assist with the preparation of the audit sampling package for external and internal audits.
  • AP/AR Support: Assist with both accounts payable and receivable.
  • Client Follow-Up: Follow up with clients on account status
  • Cost Reporting: Produce clear and concise cost reports and graphs.
  • Cash Flow Reporting: Generate cash flow reports by the Cost Control Lead
  • Procedure Application: Exercises judgment in utilizing established procedures to complete tasks.
  • Technical Assistance: Assists more experienced technical personnel with specific aspects of more complex tasks.
Relevant Information
What Does A Cost Accountant Do?
What Does A Fund Accountant Do?
What Does A General Accountant Do?
What Does An Accountant Do?