Procurement accountant vs junior accountant

Differences between procurement accountant and junior accountant duties and responsibilities

Procurement accountant example 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.
• Reconcile purchase contract log balances with the SUNY on-line payment system to verify accuracy of balances.
• Maintain the MarrStar database to ensure accuracy and timely availability of information for properties to provide transparency for SOX.
Show more

Junior accountant example responsibilities.

• Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
• Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
• Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
• Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
• Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
• Deposit checks into lockbox and post to funds to proper accounts daily.
Show more