Some of the skills we found on accounting coordinator resumes included "customer service," "reconciliations," and "data entry." We have detailed the most important accounting coordinator responsibilities below.
What Does an Accounting Coordinator Do?
An accounting coordinator is responsible for assisting the operations of the organization's accounting department, processing financial reports, and serving as a liaison between the accounting staff and other department personnel or external parties. Accounting coordinators maintain a record of accounts payable and receivables, issuing invoices, updating account statements, resolving account discrepancies, and managing bank reconciliations. They also help with tax audits, as well as performing bookkeeping functions and other administrative tasks as needed. An accounting coordinator must have excellent analytical skills and knowledge of accounting principles and disciplines.
Accounting Coordinator Responsibilities
Here are examples of responsibilities from real accounting coordinator resumes representing typical tasks they are likely to perform in their roles.
- Train and manage employees in payroll operations, and achieve significant improvements in their productivity.
- Manage accounting in QuickBooks, scheduling and material purchasing
- Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
- Conduct online research, in order to acquire detail commission statements for commission ACH bank deposits and commission checks.
- Perform complex account reconciliations and analysis to ensure proper support and documentation for balance sheet and income statement account balances.
- Import previous day's invoices from POS system into QuickBooks using custom software correcting invoices as necessary to permit importing.
- Standardize control system for ACH wire requests for vendor payments to assure payments need for shipments and to accrue costs accurately.
- Participate in payroll software design reviews and modifications to ensure statutory compliance and accuracy.
- Execute multiple company bank statement reconciliations for month end reports and calculate monthly commissions for outside sales representatives.
- Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
- Gather materials for IRS audits and subpoenas, work with legal department to create response.
- Process accounting documents concerning entitlement to travel expenses for military and /or civilian personnel in activities service by DFAS.
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Accounting Coordinator Skills and Personality Traits
We calculated that 12% of Accounting Coordinators are proficient in Customer Service, Reconciliations, and Data Entry. They’re also known for soft skills such as Computer skills, Detail oriented, and Integrity.
We break down the percentage of Accounting Coordinators that have these skills listed on their resume here:
- Customer Service, 12%
Resolved payment delays, monitored/controlled accounts payable/receivable, account reconciliations and providing exceptional customer service to both internal and external customers.
- Reconciliations, 9%
Performed complex account reconciliations and analysis to ensure proper support and documentation for balance sheet and income statement account balances.
- Data Entry, 8%
Provided Administrative support to accounting department including data entry, administrative special projects, bank and vendor reconciliation, research.
- Purchase Orders, 5%
Verify purchase order documentation to invoices received for specific purchases and prepare all approved invoices for input into financial system.
- General Ledger Accounts, 4%
Monitored monthly activity of general ledger accounts for accuracy and completeness.
- Credit Card Payments, 4%
Processed credit card payments Accomplishments I have great communication with vendors to make sure any problems that arise are solved.
The three companies that hire the most prestigious accounting coordinators are:
- Enterprise Holdings12 Accounting Coordinators Jobs
- Beacon Hill Staffing Group11 Accounting Coordinators Jobs
- Smithfield Foods10 Accounting Coordinators Jobs
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What Bookkeepers Do
Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.
In this section, we compare the average accounting coordinator annual salary with that of a bookkeeper. Typically, bookkeepers earn a $4,302 lower salary than accounting coordinators earn annually.
While their salaries may differ, one common ground between accounting coordinators and bookkeepers are a few of the skills required in each craft. In both careers, employees bring forth skills like customer service, reconciliations, and data entry.
As far as similarities go, this is where it ends because an accounting coordinator responsibility requires skills such as "credit card payments," "accruals," "account reconciliations," and "external auditors." Whereas a bookkeeper is skilled in "payroll tax returns," "journal entries," "financial transactions," and "credit card accounts." So if you're looking for what truly separates the two careers, you've found it.
Bookkeepers tend to make the most money in the manufacturing industry by averaging a salary of $42,063. In contrast, accounting coordinators make the biggest average salary of $48,363 in the manufacturing industry.
Bookkeepers tend to reach similar levels of education than accounting coordinators. In fact, bookkeepers are 3.0% less likely to graduate with a Master's Degree and 0.2% less likely to have a Doctoral Degree.
What Are The Duties Of a Corporate Accountant?
A corporate accountant is a professional who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization. They must collect ledgers and financial reports from divisional offices and prepare corporate financial statements for executives. Corporate accountants must also prepare budgets to allocate funds for spending for each department.
The next role we're going to look at is the corporate accountant profession. Typically, this position earns a higher pay. In fact, they earn a $19,661 higher salary than accounting coordinators per year.
While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both accounting coordinators and corporate accountants are known to have skills such as "reconciliations," "general ledger accounts," and "financial reports. "
In addition to the difference in salary, there are some other key differences that are worth noting. For example, accounting coordinator responsibilities are more likely to require skills like "customer service," "data entry," "purchase orders," and "credit card payments." Meanwhile, a corporate accountant might be skilled in areas such as "cpa," "close process," "real estate," and "strong analytical." These differences highlight just how different the day-to-day in each role looks.
It's been discovered that corporate accountants earn higher salaries compared to accounting coordinators, but we wanted to find out where corporate accountants earned the most pay. The answer? The finance industry. The average salary in the industry is $71,156. Additionally, accounting coordinators earn the highest paychecks in the manufacturing with an average salary of $48,363.
When it comes to the differences in education between the two professions, corporate accountants tend to reach similar levels of education than accounting coordinators. In fact, they're 4.8% more likely to graduate with a Master's Degree and 0.2% less likely to earn a Doctoral Degree.
How an Accounts Payable Clerk Compares
An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions. An accounts payable clerk must have excellent knowledge of the accounting principles to deliver high-quality services and help the business minimize excessive financial loss.
The third profession we take a look at is accounts payable clerk. On an average scale, these workers bring in lower salaries than accounting coordinators. In fact, they make a $6,306 lower salary per year.
While looking through the resumes of several accounting coordinators and accounts payable clerks we discovered that both professions have similar skills. These similarities include skills such as "customer service," "reconciliations," and "data entry," but they differ when it comes to other required skills.
Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from accounting coordinator resumes include skills like "credit card payments," "accruals," "external auditors," and "accounts receivables," whereas an accounts payable clerk might be skilled in "payroll," "credit card," "journal entries," and "vendor inquiries. "
Accounts payable clerks make a very good living in the technology industry with an average annual salary of $41,570. Whereas accounting coordinators are paid the highest salary in the manufacturing industry with the average being $48,363.
Accounts payable clerks are known to earn similar educational levels when compared to accounting coordinators. Additionally, they're 3.3% less likely to graduate with a Master's Degree, and 0.2% less likely to earn a Doctoral Degree.
Description Of a Junior Accountant
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
The fourth career we look at typically earns higher pay than accounting coordinators. On average, junior accountants earn a difference of $5,805 higher per year.
While their salaries may vary, accounting coordinators and junior accountants both use similar skills to perform their jobs. Resumes from both professions include skills like "reconciliations," "data entry," and "purchase orders. "
Each job requires different skills like "customer service," "credit card payments," "bank reconciliations," and "process invoices," which might show up on an accounting coordinator resume. Whereas junior accountant might include skills like "income statement," "powerpoint," "ledgers," and "sales tax returns."
Junior accountants earn a higher salary in the construction industry with an average of $56,091. Whereas, accounting coordinators earn the highest salary in the manufacturing industry.
In general, junior accountants reach similar levels of education when compared to accounting coordinators resumes. Junior accountants are 0.7% more likely to earn their Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.
Types Of Accounting Coordinator
Coordinator
Average Salary: $41,599
Bachelor's Degree
Available Jobs: 174,219
How To Become a Coordinator
Accounts Payable Clerk
Average Salary: $38,333
Bachelor's Degree
Available Jobs: 125,307
How To Become an Accounts Payable Clerk
Bookkeeper
Average Salary: $40,337
Bachelor's Degree
Available Jobs: 101,416
How To Become a Bookkeeper
Accounting Clerk
Average Salary: $38,683
Bachelor's Degree
Available Jobs: 83,359
How To Become an Accounting Clerk
Billing And Insurance Coordinator
Average Salary: $41,141
Bachelor's Degree
Available Jobs: 9,792
How To Become a Billing And Insurance Coordinator
Accounting Technician
Average Salary: $41,337
Bachelor's Degree
Available Jobs: 8,961