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Accounting Supervisors and Staff
Accounting supervisors and staff accountants are an integral part of our client services approach

This team carries the same goal as our outsourced CFOs and Controllers: your growth and success. Our firm provides affordable expertise targeting your specific business needs. They are well versed in multiple accounting systems including QuickBooks, Great Plains, NetSuite, Oracle, Sage, Navision, Xero, and many more systems.

The Accounting Supervisor is responsible for managing staff accountants and bookkeepers to ensure that transaction processing is completed in a timely and accurate manner. The supervisors are expected to assist in complex accounting and analyses for the Controller.

A staff accountant is a full-cycle bookkeeper that is responsible for accurately posting all transactions into your general ledger. Additionally, the staff accountant is responsible for managing cash transactions to ensure adequate control is maintained, and issues are identified and reported to supervisors or the Controller in a timely manner.

An Accounting Supervisor and Staff are focused on execution including:
  • Staff Supervision
  • Journal Entries / GL
  • Reconcile Bank Accounts
  • Basic Collections
  • Accounts Payable
  • Accounts Receivable
  • Process Payments

Accounting Supervisor Role: Execution

Accuracy

The accounting supervisor is responsible for the accuracy of the accounting process. The supervisor has four primary functions: reviewing reports and other information, approving staff work, reconciling the bank statements, and preparing reports.

Reports to:

  • CFO
  • Controller

Accounting Management

The accounting supervisor is responsible for managing accounting and administrative staff related conflicts including absenteeism, and workload balance. The accounting supervisor’s role is to oversee general processing to ensure timely and accurate delivery of financial information.

Reports to:

  • Controller
  • Accounting Staff
  • Human Resources
  • Payroll

Transactions

The accounting supervisor is responsible for overseeing payments, receipts, treasury management, and transaction processing. This includes making required tax filings and payments. Accounting Supervisors are responsible for identifying potential liabilities and reporting them to the Controller.

Reports to:

  • CFO
  • Controller
  • Suppliers & Customers
  • Tax authorities

Specific Accounting Supervisor Duties

  • Oversee accounting staff
  • Manage your cash activity
  • Payroll processing and oversight
  • Inventory accounts
  • Review account fluctuations
  • Reconcile accounts
  • Maximize accounting system efficiency
  • Customize your chart of accounts for optimal reporting
  • Process and review transactions (sales, payments, & accruals)
  • Process and review monthly, quarterly and yearly accruals
  • Month end processes
  • Builds budget to actual performance reports
  • Work with suppliers, customers, and lenders
  • Administer sales, commissions, and compensation Plans
  • Implement internal control activities
  • Find areas for cost savings and greater efficiency
  • Assist in the design and preparation of budgets for review by management
  • Maintain and reconcile fixed assets schedules

Staff Accountants and Bookkeeping (Including Remote Accounting)

NOW CFO offers companies the opportunity to work with experienced and skilled staff accountants that know how to get the job done in an efficient and accurate manner. To do so, business problems must be continually identified and analyzed. These challenges must be addressed by skilled providers to create successful solutions. These skills are generally not provided by staffing agencies and finding a direct-hire with that focus can be too expensive and time-consuming.

Staff Accountant Role

Bookkeeping

Staff accountants are responsible for general ledger maintenance in the accounting system. This includes accurately recording transactions and preparing records for supervisory and compliance reviews. The staff accountants are responsible for maintaining the ledgers for an efficient and timely month end close.

Cash Management

Staff accountants are responsible for day to day cash management, including processing vendor payments and customer receipts. Staff accountants are responsible for maintaining adequate control over the cash management process and reporting cash status and related issues to supervisors and the Controller.

Transactions

Staff accountants are required to interact with service providers and business operations personnel to ensure accurate transaction recognition. This includes interaction with payroll, tax accountants, operations personnel, and inventory management personnel.

Specific Staff Accountants Duties

  • Process transactions efficiently and accurately (sales, payments, & accruals)
  • Review account fluctuations
  • Work with suppliers, customers, and lenders
  • Implement and maintain internal control activities
  • Find areas for cost savings and greater efficiency
  • Prepare journal entries
  • Assist with audit fieldwork for both operational and financial audits
  • Reconcile and balance general ledger accounts
  • Research and correct account discrepancies
  • Review general ledger accounts and correct journal entries
  • Perform account analysis and reconciliation, including bank statements and intercompany general
  • ledger accounts
  • Maintain the general ledger chart of accounts
  • Ascertain whether company assets are properly accounted for and safeguarded from loss
  • Process monthly, quarterly and yearly accruals
business meeting
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