Accounting Specialist

3 weeks ago


Elgin, Illinois, United States RF Ideas Full time
Job Summary:

RF Ideas is seeking a highly motivated and detail-oriented Junior Accountant to join our team. As a Junior Accountant, you will be responsible for maintaining financial records, ensuring transactions are properly recorded, and reconciling sub-ledger accounts to the general ledger. You will also assist in various month-end close tasks, financial statement preparation, and reconciliations of internal accounts.

Key Responsibilities:
  • Maintain accurate and up-to-date financial records, including accounts payable and accounts receivable.
  • Reconcile sub-ledger accounts to the general ledger and investigate any discrepancies.
  • Assist in the preparation of financial statements, including balance sheets and income statements.
  • Reconcile internal accounts, including trade payable, goods received not invoiced, goods in transit, and credit card ledger accounts.
  • Record daily outgoing bank activity, including daily sweeps journal entry.
  • Process and record vendor bills, including 3-way match.
  • Review purchase orders pending billing and inquire with vendors on missing bills.
  • Issue vendor payments per established company schedule (ACHs, Wires, Checks) and resolve with vendors any uncashed checks.
  • Research, resolve, and communicate with vendors to resolve outstanding invoice and credit discrepancies on a timely basis.
  • Manage the AP inbox and actively respond to daily inquiries from vendors or internal employees.
  • Prepare and review amortization schedules created from vendor bills and post the related journal entry.
  • Prepare journal entries and reconciliations to support the financial close process, including accruing for potential vendor bills not yet received or approved.
  • Contact vendors to obtain necessary documentation, including W-9 forms and bank account details for verbally confirmation.
  • Accurately process 1099s annually via Track1099.
  • Enter daily cycle count results provided by the Inventory Analyst.
  • Manage the preparation and processing of payroll, ensuring accuracy and timely submission of employee payments and payroll reports.
  • Identify and implement process improvements to enhance quality and efficiency of the process.

Requirements:
  • Bachelor's degree in Finance or Accounting.
  • 0-2 years of experience.
  • NetSuite experience preferred.

Work Environment:
Office

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