Junior accountants provide a vital service to various companies by accurately recording corporate finances. Typical daily job duties include reconciling company bank accounts, balancing financial records and preparing monthly reports. They generally work with a team of other accountants and report to a senior accountant. The level of confidentiality and discretion required of junior accountants is great because they work with private company information and are given access to secure accounts.Junior accountants are generally expected to give oral or written reports daily, weekly and or or monthly about company debts, budgets, deficits and other expenditures. They also correct financial errors and create reports of those errors. When there are subsidiary or sister companies, junior accountants may also be responsible for maintaining and balancing the financial books of those companies. Junior accountants also are involved in the filing of a company's taxes, maintaining corporate tax records, providing analyses of the financial state of their employing company, and handling quarterly and yearly bookkeeping reports.To become a junior accountant, a bachelor's degree in accounting or related field is usually required. Some knowledge of computer-based accounting programs like QuickBooks and or or PeachTree are usually appreciated but not always necessary. A background in tax assessment or banking is helpful, but not necessary. Junior accountants must have strong oral and written communication skills, keen eye for detail, intermediate computer proficiency, and mathematical aptitude. They should also be detail oriented, self driven, deadline sensitive and quality-focused.

According to the latest data from Google, the projected growth of the Junior Accountant position in Australia shows positive trends in the market. Over the last 10 years, this job role has witnessed steady growth and is expected to continue expanding in the future. Opportunities for employment in this field are expected to be abundant, with a consistent demand for Junior Accountants. These projections highlight a promising outlook for individuals aspiring to pursue a career as a Junior Accountant in Australia.

How to Learn

As a Junior Accountant with 0-3 years of experience in Australia, your main responsibilities include:<ul><li> Assisting in the preparation of financial statements, including balance sheets and income statements, to support accurate reporting and decision-making. You will contribute to the creation of financial statements, ensuring they are accurate and reliable for reporting purposes.</li><li> Managing accounts payable and accounts receivable processes, ensuring invoices are processed and payments are made on time. You will handle the incoming and outgoing payments, ensuring that invoices are processed promptly and payments are made in a timely manner.</li><li> Supporting the reconciliation of bank statements and other financial records to identify discrepancies and resolve issues. You will assist in comparing bank statements and financial records, identifying any inconsistencies and working towards resolving them.</li><li> Assisting in the preparation of financial reports, such as budget analysis and variance reports, to provide insights for management decision-making.</li></ul>

Roles & Responsibilities

Average take home Salary for a Junior Accountant in Australia is around AU$49356 per year

Salary Breakup

A Junior Accountant is accountable to assist with a variety of accounting tasks, including keeping track of books, writing financial statements, and confirming financial records. They collaborate with the senior accountant to make sure there is the accuracy and timely accounting the financial transaction. Junior accountants also aid in forecasting and budgeting by analyzing data, writing reports, as well as assisting in the overall management of the financials of the company. They must have strong math abilities, a keen eye for specifics, and be able to use accounting software. Effective communication and organizational skills are essential to successfully work with team members.

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Junior Accountant

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