Junior Accountant

J Dass

Scarborough Ontario

Salary: Neg Per Hour

Key Responsibilities:

The duties of a Junior Accountant can vary depending on the company and industry, but generally, they involve providing support in financial operations and maintaining accurate financial records.

1. Accounts Payable and Receivable

·        Accounts Receivable (A/R):

·        Track incoming payments, process invoices, and manage the aging of receivables.

·        Follow up on overdue payments and ensure that all receivables are collected in a timely manner.

·        Assist in reconciling customer accounts.

·        Accounts Payable (A/P):

·        Process invoices and ensure timely payments to vendors and suppliers.

·        Ensure that invoices are properly coded and approved before payment.

·        Reconcile supplier accounts and address any discrepancies.

2. Bank Reconciliation

·        Reconcile company bank accounts with internal records to ensure accuracy.

·        Ensure that all transactions are properly recorded, and discrepancies are resolved.

·        Assist with preparing monthly and year-end bank reconciliation reports.

3. General Ledger Maintenance

·        Assist in maintaining the general ledger by posting journal entries for daily transactions.

·        Ensure all accounting records are accurate and up to date.

·        Assist with month-end and year-end closing processes.

4. Financial Reporting

·        Assist in preparing monthly, quarterly, and annual financial reports.

·        Prepare balance sheets, income statements, and cash flow statements.

·        Help in analyzing financial data to ensure the integrity of financial information.

·        5. Tax Compliance

·        Help in preparing tax returns and maintaining necessary documentation.

·        Assist with sales tax filings, payroll taxes, and other tax-related tasks.

·        Ensure compliance with tax regulations and deadlines.

6. Data Entry and Documentation

·        Enter financial data into accounting software or spreadsheets (e.g., QuickBooks, Excel).

·        Maintain organized and up-to-date accounting records.

·        Ensure proper documentation for audits, taxes, and financial reports.

7. Budgeting and Forecasting Assistance

·        Assist with the preparation and monitoring of budgets.

·        Provide support in forecasting financial outcomes, helping the senior accounting team with projections and financial planning.

8. Audit Support

·        Assist in preparing for internal or external audits by providing necessary documentation and reports.

·        Help address auditor inquiries and ensure compliance with company policies and regulations.

9. Expense Management

·        Monitor and report on company expenses.

·        Help ensure that expenditures stay within budget and highlight any variances to senior accountants.

10. Financial Analysis

·        Assist in analyzing financial data to identify trends, irregularities, or areas for improvement.

·        Prepare reports and summaries based on financial analysis to assist senior staff in decision-making.

11. Administrative and Miscellaneous Tasks

·        Perform other administrative tasks, such as filing and organizing financial documents.

·        Assist with ad-hoc financial projects or tasks as needed

·        Accounts Receivable Management

Petroleum/Gas Card Reconciliation:

·        Handle the reconciliation of gas card accounts and transactions, ensuring accurate billing and payment records for customers.

·        Work closely with the gas card providers and internal teams to address any discrepancies or issues related to gas card usage and balances.

Data Entry and Reporting:

·        Prepare and maintain accurate records of financial transactions within QuickBooks, ensuring all data is entered in a timely and precise manner.

·        Assist with the preparation of monthly, quarterly, and annual financial reports, including A/R aging reports and cash flow statements.

·        Track customer accounts and ensure compliance with payment terms and internal policies.

QuickBooks Expertise:

·        Utilize QuickBooks to generate reports, track transactions, and ensure accurate financial data entry.

·        Assist in the month-end and year-end closing process by ensuring all receivables and other related entries are accurate.

Job Overview

Posted Date: 04 Mar 2025

Location: Scarborough Ontario

Salary: Neg Per Hour

Company Information

J Dass

Name: J Dass

Web: https://dass.ca/

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