General Ledger Accountant Duties And Responsibilities

• Ensure Data Accuracy

General ledger accountants check that data is accurate. They conduct audits to maintain truthful and precise data in documents.

• Analyze Financial Information

Analyzing and interpreting financial information, general ledger accountants provide assurance that information complies with professional and regulatory standards. They ensure that data supports budgeting and forecasting requirements, and they provide solutions to control issues.

• Support Monthly and Annual Close Processes

At the end of the month or year, general ledger accountants record information such as accrual, deferral, reclass, and interdepartmental entries into the company’s accounting ledger. They perform account analysis to make sure that entries and balances are correct.

• Reconcile Accounts

On a regular basis, general ledger accountants reconcile accounts with the general ledger. They ensure that all entries are accurate and that transactions are reported in accordance with accounting standards and government regulations. When they find errors, they make changes as necessary.

• Prepare Journal Entries

With appropriate supporting documentation, general ledger accountants prepare journal entries relating to amortization, depreciation, accruals, and a variety of other information. They ensure that entries align with generally accepted accounting principles.

GL Accountant Responsibilities

• Collaborating with internal departments to gather, analyze, and interpret relevant financial information.
• Performing audits on financial data to assure its accuracy and truthfulness.
• Ensuring that financial information complies with professional and regulatory standards.
• Aligning general ledger accounting practices to support budgeting and forecasting.
• Entering financial data such as accruals, deferrals, reclassifications, and interdepartmental entries into the ledger on a monthly basis, as well as preparing reports.
• Performing account analysis to ensure that journal entries and balances are correct.
• Reconciling accounts with the general ledger.
• Gathering supporting documentation and performing recordkeeping.
• Keeping abreast of regulatory requirements and best practices in accounting.
• Complying with all company, local, state, and federal accounting and financial regulations.
• Compiling, analyzing, and reporting financial data.
• Creating periodic reports, such as balance sheets, profit & loss statements, etc.
• Presenting data to managers, investors, and other entities.
• Maintaining accurate financial records.
• Performing audits and resolving discrepancies.
• Computing taxes.
• Keeping informed about current legislation relating to finance and accounting.
• Assisting management in the decision-making process by preparing budgets and financial forecasts.

Candidate Requirements

• Bachelor's or associate's degree in accounting, or in a related specialization.
• CA Inter candidates preferred.
• At least 5 years experience in general ledger accounting, or similar.
• More education or experience may be preferred.
• Special licenses or certification may be required.
• Proficiency in accounting and business management software.
• In-depth knowledge of accounting standards and regulations.
• Exceptional attention to detail.
• Superb time-management and organizational skills.
• Excellent collaboration and communication skills. Bachelor’s degree in Accounting or related field.
• Strong analytical, communication, and computer skills.
• Understanding of mathematics and accounting and financial processes.
• Ethical behavior.
• Attention to detail.