April 6, 2007, Newsletter Issue #22: Staff Accountant

Tip of the Week

The Staff Accountant position is another accounting position which has duties and responsibilities differing according to the entity involved. The smaller the company, the more bookkeeping duties involved for the Staff Accountant. The larger the company, the more supervisory/overseeing duties are performed. In general, the Staff Accountant is known to perform the following:

Maintaining the company’s general ledger and subsidiary ledger accounts, including posting and preparing opening, adjusting, and closing journal entriesPreparing financial statements including income statement, balance sheet, and statement of cash flowsSupervising clerical positions, if neededAssisting the Senior Accountant as needed; working on special projects as management requestsPerforming bank reconciliations, performing account reconciliations between the general ledger and subsidiary ledger, account reconciliations between the general ledger and financial statementsMaintaining accounts payable, accounts receivable, and payroll accountsMaintaining employee files and payroll records; preparing check requests and purchase requisitionsPreparing invoices, preparing loan packagesPosting to the accounting software program; maintaining banking relationsCash management including preparing wire transfers, sweep account transactions

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