Either as a part of a business' accounting department or as a member of an accounting firm, the accounting coordinator acts in two major ones. Their primary duty is to manage a firm's financial activities and relevant departments. In this role, the accounting coordinator often tracks accounts receivable and payable, as well as performs bookkeeping duties directly or supervises those who do. The other major task of the accounting coordinator is to serve as the link between the company's financial department and external clients, engaging in communications related to transactions and executing plans made by the managers and executives.
The accounting coordinator has a large number of responsibilities and must possess the ability to manage several departments at once and ensure that they work together cohesively. This requires excellent skills in verbal and written communication, effective time management, and analytic and problem-solving skills. The accounting coordinator must possess thorough knowledge of all aspects of the accounting and bookkeeping process. Accounting coordinators usually report to their organization's accounting manager or chief financial officer, and they usually work during regular business hours in an office setting.
Accounting coordinators typically need at least a bachelor's degree in accounting, with additional business management courses optional but helpful. In addition, they should have at least three to five years of experience in an accounting role, such as an accounts manager or as an analyst. Status as a certified public accountant (CPA) is also typically preferred.
Accounting Coordinator Tasks
Facilitate communication about accounting matters between company, clients, suppliers, and lenders.
Account for all incoming and outgoing invoices.
Ensure all changes to accounts are accurate and legitimate.
Maintain accounts payable records, updating databases to reflect changes.
Collect and organize financial information required for taxes and audits.