Intermediate accountants perform a variety of financial functions such as performing daily ledger balancing, preparing regular sales and marginal reports, and creating operating expense reports on a weekly or monthly basis. One of their main functions is reconciling intercompany bank accounts, confirming balances with the operating companies, posting information and general balances or subsidiary ledgers, and processing payments of monthly closings. Other everyday duties of intermediate accountants include maintaining the fixed assets system, creating monthly and quarterly schedules, and investigating variances or deviations within company accounts. It is important that the company's assets and liabilities are monitored and recorded daily to maintain a timely, accurate balance sheet. Intermediate accountants also perform duties related to internal order entry such as analyzing the various functional groups to create, settle, and close internal orders; executing monthly assign labor charges; and maintain proper internal controls over processes.
Employers generally require at least a bachelor's degree in a relevant field; employers may also require status as a certified public accountant (CPA). Skills required for this position include the ability to effectively communicate in a written and oral form, excellent interpersonal skills, the ability to work independently with minimal supervision, and the ability manage normal monthly workflow along with projects as necessary. These professionals must also have excellent organizational skills, ability to multi-task, self-motivation, and the ability to meet deadlines in a fast-paced environment.
Intermediate Accountant Tasks
Prepare end of month and year journal entries and financial statements.
Check accounting accuracy in prepared documents.
Responsible for daily accounting, including reconciling accounts payable.