college student internships


Accounting Internships

ACCOUNTING INTERN

Description

Company is looking for a accounting intern. The student filling this position will handle a wide range of important duties assisting various personnel in the company accounting department and sections on accounts receivable, payable, payroll, asset management and inventory.

Responsibilities

  • Assist with month-end financial reports
  • Post journal entries
  • Help with accounts receivable, payable
  • Balance sheet reconciliation
  • Manage the monthly tracking of our physical inventory
  • Support the payment processing team
  • Data entry
  • Credit checks for new customers

Requirements

Applicants should be Finance, Economics or Accounting majors with proficient in Microsoft Office applications. Attention to detail, the ability to multi-task and excellent communication skills are all essential to this position for the summer.

Majors

Business, Finance, Economics, Accounting Excelling interns for the summer will have the opportunity to continue during the school year and will be invited to apply and interview for full-time positions upon graduation.

Duties

An accounting intern typically works under the supervision of an experienced accountant or accounting department manager, and is responsible for providing support to various financial and accounting functions within an organization. The main objective of an accounting intern is to gain practical experience in the field of accounting, while contributing to the operations of the organization. The specific duties of an accounting intern can vary depending on the industry and the size of the organization they are working for, but the following are some of the most common tasks that an accounting intern may be responsible for:

1.    Assisting with the preparation of financial statements One of the primary duties of an accounting intern is to assist with the preparation of financial statements. Financial statements are a critical tool for evaluating the financial health of an organization, and they provide important information to stakeholders, including investors, lenders, and regulators. As an accounting intern, you may be responsible for helping to compile financial data and records, and preparing various financial statements, including balance sheets, income statements, and cash flow statements.

2.    Conducting research on various accounting issues and regulations Accounting is a complex and constantly evolving field, and staying up-to-date with the latest regulations and best practices is essential for success. As an accounting intern, you may be tasked with conducting research on various accounting issues and regulations, and preparing reports and summaries of your findings. This research could include topics such as tax regulations, accounting standards, and financial reporting requirements.

3.    Recording financial transactions in the general ledger Accurate and timely recording of financial transactions is a critical aspect of accounting, and as an accounting intern, you may be responsible for recording financial transactions in the general ledger. The general ledger is a central record-keeping system that contains all of the financial transactions for an organization. You may be responsible for reviewing invoices and receipts, coding transactions, and entering them into the general ledger.

4.    Reconciling bank statements and other financial records Another important responsibility of an accounting intern is to reconcile bank statements and other financial records. This involves comparing the transactions recorded in the general ledger to the transactions recorded by the bank or other financial institutions, to ensure that they match. This process is essential for identifying errors or discrepancies in the financial records, and ensuring that the financial statements accurately reflect the financial position of the organization.

5.    Assisting with the preparation of budgets and financial forecasts Preparing budgets and financial forecasts is an important aspect of accounting, as it helps organizations plan for future expenses and revenue. As an accounting intern, you may be responsible for assisting with the preparation of budgets and financial forecasts, by analyzing historical financial data, and working with other members of the accounting team to develop projections for future periods.

6.    Performing routine accounting tasks In addition to the above responsibilities, an accounting intern may also be responsible for performing routine accounting tasks, such as accounts payable, accounts receivable, and payroll processing. These tasks involve managing the inflow and outflow of funds for the organization, and ensuring that bills are paid on time, and that employees are paid accurately and on schedule.

7.    Assisting with the preparation of tax returns and other compliance-related documents Ensuring compliance with tax regulations and other legal requirements is a critical responsibility for organizations of all sizes. As an accounting intern, you may be responsible for assisting with the preparation of tax returns and other compliance-related documents. This may involve researching tax laws and regulations, and working with other members of the accounting team to prepare and file tax returns and other documents.

8.    Assisting with the implementation of new accounting systems or software as technology continues to evolve.

Let's face it student jobs are tough to get, you are competing against people that have work experience and are looking for a full time job. But you can find part time jobs for students. Ideally you want to find an internship because that will give you work experience in your chosen field. Jobs for students typically pay less than those of a full time employee, there are less benefits as well. But the benefit to you is immense. It's competitive, but don't distress, search student jobs and summer internships in accounting and get your career started on the right path!



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