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What does an Inventory Accountant do?

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

An inventory accountant is responsible for ensuring that a company's inventory is accurately accounted for. This includes keeping track of inventory levels, valuing inventory, and recording inventory transactions. The inventory accountant may also be responsible for conducting physical inventories and investigating discrepancies.

Inventory Accountant job duties include:

  • Maintain and reconcile inventory records
  • Investigate and correct inventory discrepancies
  • Monitor inventory levels and trends
  • Prepare inventory reports
  • Assist with physical inventory counts
  • Coordinate with purchasing and production departments on inventory needs
  • Maintain accurate records of all incoming and outgoing inventory
  • Track inventory movement and location
  • Develop and implement inventory control procedures

Inventory Accountant Job Requirements

An inventory accountant must have a bachelor's degree in accounting or a related field. Certification as a Certified Public Accountant (CPA) is preferred. Inventory accounting experience is also required.

Inventory Accountant Skills

  • Analytical skills
  • Attention to detail
  • Organizational skills
  • Time management skills
  • Communication skills
  • Interpersonal skills
  • Problem-solving skills
  • Computer skills
  • Math skills
  • Research skills
  • Writing skills

Related: Top Inventory Accountant Skills: Definition and Examples

How to become an Inventory Accountant

Inventory accountants are responsible for ensuring that a company’s inventory is accurately accounted for. They work with the accounting and finance team to maintain accurate records of inventory levels, value, and movement.

To become an inventory accountant, you will need to have strong math skills and knowledge of accounting principles. You should also be detail-oriented and able to work well in a team environment. If you have experience working with inventory management software, that will be a plus.

If you are interested in becoming an inventory accountant, start by pursuing a degree in accounting or a related field. Once you have completed your education, look for entry-level positions at accounting firms or businesses with large inventories. With experience, you can eventually move into a management role overseeing the inventory accounting function.

Related: Inventory Accountant Resume Example

Related: Inventory Accountant Interview Questions (With Example Answers)

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Photo of Brenna Goyette, Editor

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Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

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