Entry Level Accountant Goals and Objectives Examples
Accurately record all financial transactions.
Analyze and reconcile bank statements.
Prepare and file tax returns.
Assist with financial statement preparation.
Maintain accurate records of accounts payable and receivable.
Create and maintain spreadsheets to track financial data.
Assist in the analysis of financial information.
Identify discrepancies in financial records and resolve them.
Perform inventory audits and reconciliations.
Assist with budget preparation and analysis.
Input data into accounting software systems.
Monitor cash flow and make recommendations for improvement.
Resolve billing and invoice discrepancies.
Provide support to senior accountants as needed.
Ensure compliance with accounting regulations and standards.
Participate in financial planning meetings.
Assist with the preparation of journal entries.
Conduct research on accounting topics as needed.
Develop and maintain relationships with clients and vendors.
Monitor fixed assets and depreciation schedules.
Handle various accounting tasks, including payables, receivables, payroll, and expenses.
Reconcile general ledger accounts.
Maintain an organized filing system for financial documents.
Review financial reports for accuracy and completeness.
Assist in the preparation of financial forecasts and projections.
Track project costs and prepare variance analyses.
Validate vendor invoices against purchase orders and delivery receipts.
Allocate expenses across departments or projects as needed.
Prepare account reconciliations for review by senior accountants.
Respond to inquiries from customers, vendors, and other stakeholders.
Participate in internal audit procedures.
Ensure that all financial data is properly coded and categorized.
Review expense reports for accuracy and compliance with company policies.
Assist with the month-end close process.
Generate reports on financial data as needed.
Contribute to the development of best practices for accounting processes.
Collaborate with other departments to ensure accurate data entry.
Communicate financial results to management.
Assist with the coordination of external audits or reviews.
Ensure that all required documentation is maintained for audit purposes.
Perform ad hoc analysis as requested by management.
Monitor compliance with internal controls and policies.
Support the development of accounting policies and procedures.
Work with IT to implement new accounting software systems or upgrades as needed.
Train new employees on accounting processes and procedures.
Monitor accounts receivable aging reports and follow up on overdue payments.
Reconcile intercompany transactions between subsidiaries or divisions.
Manage petty cash funds and reconcile balances regularly.
Prepare monthly accruals for expenses incurred but not yet billed.
Maintain accurate inventory costing records for finished goods, raw materials, and work-in-progress items.
Participate in cross-functional teams to develop or improve business processes.
Monitor sales tax rates and update systems accordingly.
Review contracts for accounting implications and provide guidance to other stakeholders.
Identify opportunities for cost savings within accounting processes.
Develop and maintain schedules for prepaid expenses, deferred revenue, or other balance sheet items.
Ensure that all financial data is protected from unauthorized access or disclosure.
Manage intercompany transactions between subsidiaries or divisions.
Prepare cash flow projections based on current data trends and assumptions.
Maintain detailed records of capital expenditures and depreciation charges.
Participate in the annual budgeting process.
Generate monthly financial reports for department heads or other stakeholders as needed.
Approve purchase orders, expenses, or other transactions within defined authority levels.
Prepare year-end closing entries for adjusting entries, accruals, and deferrals as applicable.
Maintain a thorough understanding of Generally Accepted Accounting Principles (GAAP).
Analyze financial ratios to detect trends or potential issues that require attention.
Develop reports that summarize performance metrics relevant to accounting processes or operations.
Review accounts payable aging reports and approve vendor payments according to payment terms.
Audit expense reports to ensure compliance with company policies regarding travel, meals, etc.
Prepare schedules for annual audit procedures performed by external auditors or CPAs.
Develop budgets for capital expenditures related to equipment, real estate, or other assets as required.
Monitor foreign exchange rates for currency translation adjustments required for financial statements.
Reconcile subsidiary ledgers with the general ledger to ensure accuracy of financial reporting.
Prepare comprehensive analyses of balance sheet accounts such as inventory, accounts receivable, or income taxes payable.
Prepare financial statements in accordance with US GAAP.
Advise others in the organization on accounting policies and procedures.
Establish policies surrounding purchase orders, expense reports, payments, etc.
Evaluate complex transactions to ensure proper recognition in financial statements.
Resolve discrepancies between general ledger balances and subsidiary ledgers balances.
Develop methodologies for allocating overhead costs across products, projects, or departments.
Conduct ad hoc accounting research both independently and under direction of superiors.