What is a procurement accountant and how to become one

Key steps to become a procurement accountant

1. Explore procurement accountant education requirements

   Most common procurement accountant degrees

   Bachelor's

   81.3 %

   Associate

   9.4 %

   Diploma

   6.3 %

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2. Start to develop specific procurement accountant skills

   Skills	Percentages
   GAAP	42.25%
   Balance Sheet Accounts	38.10%
   Accruals	19.66%

3. Complete relevant procurement accountant training and internships

   Accountants spend an average of 1-3 months on post-employment, on-the-job training. New procurement accountants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a procurement accountant based on U.S. Bureau of Labor Statistics data and data from real procurement accountant resumes.

4. Research procurement accountant duties and responsibilities

   • Manage month end close process including journal entries, departmental analysis and preparation of consolidate financial statements and account reconciliations.
   • Develop procedures for GAAP solutions in accordance with SOX, segregation of duties.
   • Code invoices to appropriate GL accounts.
   • Budget vendor accruals for the next fiscal year on a vendor, product and program level.

5. Apply for procurement accountant jobs

   Now it's time to start searching for a procurement accountant job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams