Accounting Associates assist accountants and auditors with administrative, accounting, and bookkeeping functions. Their duties typically include clerical tasks, such as filing and answering telephones, as well as performing basic bookkeeping tasks, assisting with payroll processing, and preparing financial documents.
Associates are usually hired after graduating from college with a degree in accounting.
Associates work side by side with senior accountants and auditors to audit financial statements prepared by others.
They are responsible for preparing journal entries, performing financial reporting, and performing accounting analysis.
As an associate, you will typically start out as a trainee, or a student, in an accounting department
Accounting Associate Duties:
- Perform bookkeeping duties and accounting functions including paying invoices, reconciling bank accounts, and completing tax forms
- Develop and maintain accurate records, including financial reports on sales, expenditures, and revenues
- Process payroll
- Maintain records for stock and inventory
- Research and resolve accounting issues
- Maintain financial records and reports
- Create and analyze financial reports and budgets
- Develop financial reports for management
- Perform other duties as assigned by management
Accounting Associate Responsibilities:
- Provide day-to-day accounting support for the company’s multiple business entities
- Complete monthly cash position reconciliation, general ledger entries, and journal entries
- Prepare reconciliation and month-end reports
- Assist with month-end close activities
- Assist with external reporting
- Conduct month-end closing
- Assist with supporting accounting activities related to company acquisitions
- Assist with annual budget preparation and preparation of the year-end financial statements
- Assist with monthly bank reconciliation
- Assist with monthly payroll
- Prepare periodic financial analyses
