Procurement accountant vs project accountant

Differences between procurement accountant and project 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

Project accountant example responsibilities.

• Maintain general ledgers, manage cash flow, prepare financial statements and bank reconciliations for multiple development and construction projects.
• Assure timely accurate filing of all Medicare, Medicaid and commercial insurance claims.
• Review the collection of Medicare, Medicaid and other receivables to ensure monthly goals are met.
• Used DelTek to find discrepancies in employee charge hours.
• Serve as major contributor in system conversion to new web-base ERP system.
• Identify and rectify accounting errors that have incurred in the past and ensure adherence to IFRS.
Show more