What does an Intermediate Accountant do?
Published 4 min read
An intermediate accountant is responsible for preparing and analyzing financial statements, as well as providing advice to clients on tax compliance matters. They may also be involved in auditing and assurance services.
Intermediate Accountant job duties include:
- Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
- Maintain internal control systems and analyze accounting data in order to recommend improvements to the system.
- Prepare and examine account books, keeping records of items purchased or sold.
- Reconcile accounts by clearing all outstanding items.
- Monitor compliance with generally accepted accounting principles (GAAP) and company procedures.
- Investigate and resolve discrepancies.
- Prepare journal entries and post to ledgers.
- Perform general office duties such as filing, answering phones, and handling routine correspondence.
Intermediate Accountant Job Requirements
An Intermediate Accountant typically has a college degree in accounting, although some jobs may require certification. Many Intermediate Accountants have several years of experience working in accounting or a related field. They must be able to use accounting software and have intermediate level Excel skills. They should also be able to communicate effectively and have strong analytical skills.
Intermediate Accountant Skills
- Accounts payable
- Accounts receivable
- Bank reconciliation
- Bookkeeping
- Budgeting
- Business tax return
- Cost accounting
- Financial analysis
- Financial statements
- General ledger
- Inventory management
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How to become an Intermediate Accountant
There are many different paths that one can take to become an intermediate accountant. The most common path is to first obtain a bachelor's degree in accounting or a related field. Many employers also require certification, such as becoming a Certified Public Accountant (CPA). Once you have met these basic requirements, you can begin working as an entry-level accountant. With experience, you can eventually move up to an intermediate level.
Intermediate accountants typically have more responsibilities than entry-level accountants. They may be in charge of preparing financial statements, managing budgets, and supervising junior staff. They may also be involved in tax planning and providing advice on financial matters. To be successful in this role, intermediate accountants must have strong analytical and problem-solving skills. They must also be able to communicate effectively with clients and other members of the accounting team.
If you are interested in becoming an intermediate accountant, there are a few things that you can do to improve your chances of success. First, consider pursuing a master's degree in accounting or a related field. This advanced education will give you the knowledge and skills that you need to succeed in this competitive field. Additionally, consider obtaining professional certification, such as becoming a CPA. This credential will show potential employers that you are committed to your career and have the skills necessary to perform at a high level. Finally, make sure to build up your experience by working in various accounting roles. By gaining a variety of experience, you will be better prepared to take on the challenges of an intermediate accountant position.
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