Responsibilities:
Maintaining Financial Records:
This includes tasks like data entry, maintaining general ledger accounts, and ensuring accuracy in financial records.
Preparing Financial Reports:
Junior accountants assist in the preparation of various financial reports, such as income statements and balance sheets.
Reconciliations:
They reconcile bank statements, accounts payable, and accounts receivable to ensure accuracy and identify discrepancies.
Assisting with Audits:
They support senior accountants and auditors by providing necessary documentation and information.
Ensuring Compliance:
Junior accountants play a role in ensuring compliance with financial regulations and reporting requirements.
Accounts Payable/Receivable:
They may handle invoice processing, payment of invoices, and management of accounts receivable.
Payroll Processing:
In some cases, they may also assist with payroll processing