Automatically apply for jobs with Zippia

Upload your resume to get started.

Inventory accountant skills for your resume and career

Updated January 8, 2025

3 min read

Quoted experts

Dr. Richard Hale,

Dr. Jennifer Thayer

Below we've compiled a list of the most critical inventory accountant skills. We ranked the top skills for inventory accountants based on the percentage of resumes they appeared on. For example, 11.4% of inventory accountant resumes contained reconciliations as a skill. Continue reading to find out what skills an inventory accountant needs to be successful in the workplace.

15 inventory accountant skills for your resume and career

1. Reconciliations

Here's how inventory accountants use reconciliations:

Prepared reconciliations for inventory GL accounts, inventory sub-ledgers, inventory locations accounts and performed research on discrepancies 12.
Provide support in all aspects of quarterly and monthly inventory reconciliations and reporting of Inventory by Division.

2. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how inventory accountants use financial statements:

Generated financial statements for California Dairyman's Association COOP.
Performed monthly financial closings and prepared monthly financial statements.

3. External Auditors

Here's how inventory accountants use external auditors:

Assisted with internal and external auditors for any inquiries regarding areas of responsibility.
Provide documents and explanations to internal and external auditors.

4. Internal Controls

Here's how inventory accountants use internal controls:

Planned/implemented business policies and procedures to ensure proper internal controls, including documenting and maintaining written procedures for processes performed.
Ensured compliance with corporate financial reporting requirements and internal controls.

5. Account Reconciliations

Here's how inventory accountants use account reconciliations:

Maintained Access databases ensuring their accuracy and completeness for the purpose of posting automated general ledger entries and prepare account reconciliations.
Reviewed monthly account reconciliations to verify ledger balances had proper source documentation and ensured successful resolution of inconsistencies within department parameters.

6. GAAP

Here's how inventory accountants use gaap:

Tasked with identifying and developing financial processes within the accounting department ensuring their compliance with GAAP.
Recognized raw material revenue according to GAAP guidelines.

Choose from 10+ customizable inventory accountant resume templates

Build a professional inventory accountant resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your inventory accountant resume.

7. Strong Analytical

Here's how inventory accountants use strong analytical:

Applied strong analytical skills and financial acumen in analyzing data and developing accurate variance reports for management.
Established strong analytical and technical accounting skills through financial statement analysis.

8. SOX

Here's how inventory accountants use sox:

Assisted in drafting operational and accounting policies and developing management/ monitoring processes related to SOX auditing.
Reviewed and verified paperwork for all vehicle purchases to satisfy SOX and internal audit procedures and standards.

9. Inventory Transactions

Here's how inventory accountants use inventory transactions:

Provide guidance to Paste Management Group with inventory transactions and monthly reconciliation.
Prepared monthly summary of inventory transactions for monthly financial presentation.

10. ERP

Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.

Here's how inventory accountants use erp:

Developed the new physical inventory/operational auditing process for a recent ERP conversion.
Participated with various departments, designed, tested, and implemented new ERP System.

11. Financial Reports

Here's how inventory accountants use financial reports:

Review and compile the quarterly financial reports to Upper Management and JLR UK.
Followed through on timely and accurate month-end closings and prepared financial reports by collecting, analyzing, and summarizing information.

12. Purchase Orders

Here's how inventory accountants use purchase orders:

Matched unsorted purchase orders with unprocessed vendor invoices.
Inventory Accountant: Managed safe store system, sending purchase orders to headquarters and coordinating in-time delivery to retail store.

13. General Ledger Accounts

A general ledger account is a practice to keep a record of a company's total financial accounts. The accounts included in a general ledger lists the assets, liabilities, owners' equity, expenses, and income or revenue. It forms the basis of reporting a business's financial statements.

Here's how inventory accountants use general ledger accounts:

Calculated and prepared monthly journal entries for multiple assigned general ledger accounts.
Compared statements to sub-ledger accounts and general ledger accounts for accuracy.

14. Accruals

Here's how inventory accountants use accruals:

Analyzed capital accrual information - checked capital accruals for accuracy before uploading manual journal entries to corporate headquarters.
Reviewed monthly recurring and in/out warehousing storage bills against accruals for accuracy.

15. Reconcile Inventory

Here's how inventory accountants use reconcile inventory:

Reconcile inventory on a monthly basis, investigated and analyzed inventory problems of the various warehouses.
Reconcile inventory and freight accounts to ensure general ledger accuracy and reasonableness.

5 Inventory Accountant resume examples

Build a professional inventory accountant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 5+ resume templates to create your inventory accountant resume.

Create my resume

Build a professional resume in minutes using this template.

What skills help Inventory Accountants find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What skills stand out on inventory accountant resumes?

Dr. Richard Hale

Associate Professor of Accounting, Berea College

When we meet with practitioners, the most commonly requested skills are:
-The ability to think critically about situations
-Good communications skills in writing
-The ability to speak in public and present ideas
-Working well with others
-The ability to work independently

Notice that these skills are not dependent upon any particular technology or discipline.
An advantage we have at Berea College, a liberal arts college, is that we incorporate these foundational skills into all we do.
Indeed, we also have our students master working with spreadsheets, develop skills in data analytics, and study all aspects of the business from Management, Economics, Finance, and Marketing.
As accounting is the business language, our students have more excellent business knowledge than other studies.

A key distinction for Berea College students is that all students must work for the college while they attend.
These jobs may vary from raising livestock to working in Accounts Payable. But all Berea graduates have years of practical work experience.
A core component of a Berea College education is to value the labor experience. We believe they enter the post-collegiate workforce with a significant advantage over their peers.

What soft skills should all inventory accountants possess?

Dr. Jennifer Thayer

Assistant Professor of Accounting, Socrates Award for Excellence in Teaching Recipient, Clarksville Chamber of Commerce APSU Distinguished Faculty Award for Community Service Recipient, Accounting Society at Austin Peay Advisor, Austin Peay State University

From speaking with employers in the industry, the number one soft skill seems to be written and spoken communication. Many current students need to hone their written communication skills to avoid "text speak" when communicating with potential employers and/or clients. Other important soft skills include problem-solving, collaboration, adaptability, and willingness to deal with failure and/or criticism. Especially in the world of COVID and ever-changing work environments, the importance of adaptability and problem-solving have only been highlighted. Since most work environments involve people working in teams, effectively collaborating with others and accepting criticism are vital skills.

What hard/technical skills are most important for inventory accountants?

Dr. Jennifer Thayer

In addition to general accounting knowledge, critical thinking, data analytics, and advanced Microsoft Excel abilities are some of the most important skills. Clearly, having a solid foundation in general accounting knowledge is necessary to be a candidate for a job in the accounting field. However, possessing the ability to critically think and analyze data and use Microsoft Excel beyond the basics, such as pivot tables, will only improve a candidate's chances.

What inventory accountant skills would you recommend for someone trying to advance their career?

Stephen Moehrle Ph.D.

Professor and Chairman of Accounting, University of Missouri - St. Louis

In the spirit of continuing education I would recommend the following: First and foremost, successfully complete the cpa exam. This is a huge difference-maker in the marketplace. If the young professional has already accomplished that, I would consider developing expertise consistent with their long-term career goals. Potential areas of expertise include data analytics, information systems controls and security, taxation, SEC reporting, or management accounting. There are certificate programs in each of these skills at universities across the country. The internet is also replete with free or relatively inexpensive materials for self-starters.

What type of skills will young inventory accountants need?

Delvin Grant

Associate Professor, DePaul University

The ability to problem solve, which requires an understanding of the problem and a structured approach towards the solution. The ability to apply concepts learned in one discipline to another. Quite often, students are unable to see how a concept translates from one domain to another, and this stifles innovation.

Do you want to know more?

List of inventory accountant skills to add to your resume

The most important skills for an inventory accountant resume and required skills for an inventory accountant to have include:

Reconciliations
Financial Statements
External Auditors
Internal Controls
Account Reconciliations
GAAP
Strong Analytical
SOX
Inventory Transactions
ERP
Financial Reports
Purchase Orders
General Ledger Accounts
Accruals
Reconcile Inventory
Logistics
Cycle Counts

Inventory Control
Inventory Adjustments
Inventory Analysis
Variance Analysis
Gross Margin
Inventory Balances
Inventory Management
Balance Sheet Accounts
Payroll
Inventory Activity
AS400
Inventory Variances
Obsolete Inventory
Fixed Assets
Distribution Centers
Inventory Valuation
Inventory Reconciliation

Sarbanes-Oxley
Financial Analysis
Margin Analysis
Inventory System
JDE
PeopleSoft
Inventory Audits
Inventory Data
Ledgers
Reconcile General Ledger
Warehouse Locations
Internal Audit
WIP
Physical Inventory
Goods Inventory

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

Browse business and financial jobs