- Assisting in Financial Bookkeeping.
- Accounts Payable and Receivable: may handle accounts payable tasks, such as processing invoices, verifying expenses, and making payments to vendors.
- General Ledger Maintenance: help maintain the general ledger by ensuring that all transactions are properly recorded and categorized.
- Financial Reporting: responsible for preparing financial reports, including balance sheets, income statements, and cash flow statements.
- Tax Compliance: assist with tax-related tasks, such as gathering supporting documents, preparing tax returns, and ensuring compliance with relevant tax regulations.
- Audit Support: Junior accountants may provide assistance during internal or external audits by preparing audit schedules, gathering documentation, and addressing any audit inquiries.
- Data Analysis: Junior accountants may analyze financial data to identify discrepancies, errors, or anomalies. They may also assist in preparing financial forecasts and budgets.
- Collaborating with Other Departments: Junior accountants often work closely with colleagues from other departments, such as purchasing, sales, and operations, to gather financial information and ensure accuracy in financial records.
- Staying Updated: Junior accountants should stay informed about accounting principles, regulations, and industry trends to ensure compliance and best practices in financial processes.