Accounting Intern Job Description [Updated for 2024]

accounting intern job description

In the era of financial digitization, the importance of accounting interns has become more pronounced than ever.

As the world of finance evolves, so does the demand for skilled individuals who can contribute, adapt, and safeguard our financial architecture.

But let’s delve deeper: What’s truly expected from an accounting intern?

Whether you are:

  • A job seeker trying to understand the core of this role,
  • A hiring manager outlining the perfect candidate,
  • Or simply interested in the inner workings of the accounting profession,

You’re in the right place.

Today, we present a customizable accounting intern job description template, designed for easy posting on job boards or career sites.

Let’s dive right into it.

Accounting Intern Duties and Responsibilities

Accounting Interns assist the finance department of a company by performing tasks related to accounting, finance, and administration.

They are responsible for supporting the finance team in financial management and analysis, data entry, and financial report preparation.

The key duties and responsibilities include:

  • Assisting with research, filing, data entry, and recording and maintaining accurate and complete financial records.
  • Preparing financial reports, such as balance sheets and income statements, invoices, and other documents.
  • Working with bookkeeping software and online spreadsheets, and databases.
  • Observe and learn from financial staff to gain hands-on experience.
  • Assisting with month-end financial reports.
  • Post journal entries and assist with the production of financial statements.
  • Help with accounts receivable, payable, and bank statement reconciliation.
  • Assist with tax computations and returns.
  • Assisting with audits and resolving discrepancies.
  • Attending meetings and seminars to expand knowledge of the accounting field.

 

Accounting Intern Job Description Template

Job Brief

We are seeking a dynamic and eager Accounting Intern to join our finance team.

In this role, you will assist our accounting department in various tasks such as data analysis, research, problem-solving and preparing financial reports.

Ideal candidates will have a basic understanding of accounting principles and terms, be comfortable dealing with numbers and pay strong attention to detail.

Our goal is to help you gain valuable experience in accounting while contributing to the company’s overall financial operations.

 

Responsibilities

  • Assist with the preparation of financial reports such as financial statements and budget performance
  • Ensure accuracy of financial documents and compliance with relevant legal regulations
  • Assist with tax audits and tax returns
  • Update financial data in databases to ensure the integrity of information
  • Document, monitor and update accounting logs
  • Assist in the processing of balance sheets, income statements and other financial statements according to legal and company accounting and financial guidelines
  • Review and reconcile financial discrepancies by collecting and analyzing account information
  • Contribute to a team effort by accomplishing related tasks as needed

 

Qualifications

  • Currently enrolled in an undergraduate or graduate program with a focus in accounting, finance or related field
  • Basic understanding of accounting principles and financial analysis
  • Proficient in MS Office (especially Excel) and good knowledge of relevant software (e.g. QuickBooks)
  • Strong numerical skills and attention to detail
  • Excellent communication and interpersonal abilities
  • Able to work effectively as part of a team as well as independently

 

Benefits

  • Professional development opportunities
  • Exposure to real-world corporate finance and accounting
  • Networking opportunities
  • Potential for full-time employment post-graduation

 

Additional Information

  • Job Title: Accounting Intern
  • Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
  • Reporting Structure: Reports to the Accounting Manager or Finance Director.
  • Pay: This is a paid internship. The pay rate is based upon candidate experience and qualifications, as well as market and business considerations.
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Part-time or Full-time, Temporary
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Accounting Intern Do?

An Accounting Intern is usually a student or recent graduate who’s working temporarily in a company to gain hands-on experience in the field of accounting.

They assist the accounting department in various tasks such as data entry, preparing accounting reports, and reconciling bank statements.

This involves working with accounting software, spreadsheets and databases.

Accounting Interns often help with the preparation of monthly or yearly financial statements and documents for reviews and audits.

They might also assist in performing basic accounting procedures such as accounts receivable and payable, bill payments, and budgeting processes.

Interns are also tasked with reviewing financial reports for accuracy and legal compliance, and preparing and posting journal entries.

They may work on special projects, under the guidance of senior accountants or a supervisor, that involve financial analysis and forecasting.

Through this role, Accounting Interns get a chance to apply their theoretical knowledge into practical work, learn more about the accounting profession and establish connections within the industry.

 

Accounting Intern Qualifications and Skills

An effective Accounting Intern should have the skills and qualifications that match your job description, such as:

  • Basic understanding of financial and accounting principles to assist in tasks such as bank reconciliations, financial report preparation, and budgeting.
  • Proficient in Microsoft Excel and other Office applications, with the ability to use formulas, create spreadsheets and manage data.
  • Keen attention to detail to ensure accuracy in tasks such as data entry, invoice preparation, and financial report analysis.
  • Strong communication skills to effectively work in a team setting and present findings in clear, understandable terms to senior staff members.
  • Time management and organizational skills to manage multiple tasks and deadlines simultaneously.
  • Problem-solving skills to assist in identifying and resolving financial discrepancies.
  • Eagerness to learn and adaptability to take on new responsibilities and challenges.
  • Currently pursuing a degree in Accounting or a related field, demonstrating a commitment to the profession.

 

Accounting Intern Experience Requirements

Accounting Interns are typically students or recent graduates who are just starting their career in the accounting field.

There are usually no strict experience requirements for this role as it is an entry-level position.

However, any related experience, such as part-time work in an accounting firm, volunteer work involving financial tasks, or a school project related to accounting could be valuable.

In terms of educational background, candidates pursuing a degree in Accounting, Finance, Business Administration, or a related field are often preferred.

Some employers may also expect interns to have knowledge of basic accounting principles, financial analysis, and tax laws.

Additionally, familiarity with accounting software, spreadsheets, and financial management systems can be advantageous.

Moreover, some employers may appreciate candidates who have passed or are preparing for CPA (Certified Public Accountant) examinations.

Interns will gain practical experience in their role, helping them prepare for full-time positions in the future.

They may assist with tasks such as bookkeeping, tax preparation, auditing, and financial reporting under the supervision of experienced accountants.

Therefore, this role serves as a stepping stone for those aiming for more advanced roles in the accounting field.

 

Accounting Intern Education and Training Requirements

Accounting Interns are usually currently enrolled in an undergraduate or graduate program, majoring in fields such as Accounting, Finance, Business Administration, or a related field.

They must possess a basic understanding of principles and practices of accounting, finance, and business operations obtained through academic coursework.

Students who have completed intermediate or advanced coursework in accounting have an advantage.

Familiarity with computerized accounting systems, or specific programs like QuickBooks or Excel, is also a plus.

Certain positions may require Accounting Interns to have completed specific coursework or to be in a specific year of their degree program.

Although not required, some accounting internships prefer candidates who are planning to pursue or are already pursuing a Certified Public Accountant (CPA) qualification.

Interns are expected to have strong analytical, problem-solving, and communication skills.

A demonstrated ability to handle multiple tasks and meet deadlines is also essential.

Accounting Interns should be open to continuous learning and be able to work both independently and as part of a team.

Knowledge of business ethics and laws related to accounting can be an added advantage.

 

Accounting Intern Salary Expectations

An Accounting Intern can expect to earn an average salary of $15.84 (USD) per hour.

The actual compensation may vary based on factors such as the duration of the internship, the size and industry of the employing company, and the intern’s educational background.

 

Accounting Intern Job Description FAQs

What skills does an Accounting Intern need?

Accounting Interns should possess strong analytical skills to understand and interpret financial data.

They should be detail-oriented to ensure accuracy in their work.

They should also have good communication and organizational skills, and a working knowledge of MS Excel and other accounting software.

Basic understanding of financial principles is also a must.

 

Do Accounting Interns need a degree?

Most Accounting Interns are currently pursuing or have just completed a degree in accounting or a related field.

However, some companies may accept students from other business disciplines if they demonstrate solid understanding of accounting principles.

Familiarity with accounting software and Excel is usually a requirement.

 

What should you look for in an Accounting Intern resume?

In an Accounting Intern’s resume, look for educational qualifications related to accounting or business.

Relevant coursework or previous internships in the finance sector can be beneficial.

Also, pay attention to their technical skills, such as proficiency in Excel, QuickBooks or other accounting software.

Participation in accounting or business clubs can also be a plus.

 

What qualities make a good Accounting Intern?

A good Accounting Intern is detail-oriented, ensuring that all financial data is accurate.

They should also be proactive, taking the initiative to learn new skills and expand their accounting knowledge.

Good Accounting Interns are analytical thinkers who can interpret complex financial data.

They should also be reliable, trustworthy and able to maintain confidentiality.

 

What are the daily duties of an Accounting Intern?

An Accounting Intern’s daily duties may include supporting the finance department, processing invoices, updating financial records, and assisting with audits.

They may also assist in the preparation of financial reports and perform administrative tasks as needed.

Interns may also participate in financial analysis, budgeting and forecasting tasks.

 

Conclusion

There you have it.

Today, we’ve unraveled the day-to-day realities of being an accounting intern.

And guess what?

It’s not just about crunching numbers.

It’s about shaping the financial future, one ledger at a time.

Armed with our must-have accounting intern job description template and practical examples, you’re all prepared to take the plunge.

But why halt your momentum?

Go further with our job description generator. It’s your go-to resource for creating precision-crafted job listings or polishing your resume to perfection.

Always remember:

Every number on a ledger tells a story.

Let’s narrate that story. Together.

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