Intermediate accountants perform a variety of financial functions such as performing daily ledger balancing, preparing regular sales and marginal reports, and creating operating expense reports on a weekly or monthly basis. One of their main functions is reconciling intercompany bank accounts, confirming balances with the operating companies, posting information and general balances or subsidiary ledgers, and processing payments of monthly closings. Other everyday duties of intermediate accountants include maintaining the fixed assets system, creating monthly and quarterly schedules, and investigating variances or deviations within company accounts. It is important that the company's assets and liabilities are monitored and recorded daily to maintain a timely, accurate balance sheet. Intermediate accountants also perform duties related to internal order entry such as analyzing the various functional groups to create, settle, and close internal orders; executing monthly assign labor charges; and maintain proper internal controls over processes.Employers generally require at least a bachelor's degree in a relevant field; employers may also require status as a certified public accountant (CPA). Skills required for this position include the ability to effectively communicate in a written and oral form, excellent interpersonal skills, the ability to work independently with minimal supervision, and the ability manage normal monthly workflow along with projects as necessary. These professionals must also have excellent organizational skills, ability to multitask, self-motivation, and the ability to meet deadlines in a fast-paced environment.

The projected growth of the Intermediate Accountant role in Australia is expected to be steady in the coming years. According to a 10-year analysis, the job market for accountants is expected to grow by 10% from 2018 to 2028 in Australia. This indicates a positive trend in employment opportunities, with an estimated number of positions increasing throughout this period. The demand for skilled accountants, particularly those with intermediate-level expertise, will continue to rise as organizations expand and require financial expertise to navigate complex regulations and reporting requirements. Overall, the future prospects for Intermediate Accountants in Australia appear promising.

How to Learn

As an intermediate accountant with 0-3 years of experience in Australia, your main responsibilities include:<ul><li> Assisting in the preparation and analysis of financial statements, ensuring accuracy and compliance with accounting standards.</li><li> Conducting regular financial audits to identify discrepancies, errors, and potential risks, and recommending corrective actions.</li><li> Collaborating with cross-functional teams to gather and analyze financial data, supporting budgeting and forecasting processes.</li><li> Assisting in the preparation of tax returns and providing advice on tax planning strategies to minimize liabilities and maximize financial efficiency.</li></ul>

Roles & Responsibilities

Average take home Salary for a Intermediate Accountant in Australia is around $36461 per year

Salary Breakup

Intermediate accountants carry out a range of financial tasks, such as managing daily ledger balances as well as preparing monthly reports on marginal and sales as well as preparing operating expense reports either on a monthly or weekly basis. Their primary job is reconciling bank accounts of intercompany companies and confirming balances with operating companies, posting the information and general balances, or subsidiary ledgers, and completing the monthly closing payments. Other responsibilities of intermediate accountants are managing the fixed assets system as well as preparing quarterly and monthly schedules, and analyzing the causes of deviations or variances in accounts of the company. It is crucial to ensure that company's financial assets as well as liabilities are analyzed and documented every day to ensure a current and accurate balance sheet. Intermediate accountants also carry out duties that are related to the internal entry of orders like analyzing the different functional groups to make closing, settling, and settling internal orders; and executing monthly labor costs for assigning and ensuring proper internal control over the processes.

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Intermediate Accountant

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