Finance & Accounting (70)
about 228,876 hrs/yr
- AP 2-way match (Daily / Monthly, about 5,375 hrs/yr) For services or non-stock items, AP matches the invoice to the PO on price and quantity, without a receipt, within tolerance before approving it for payment.
- AP 3-way match (Daily / Monthly, about 5,375 hrs/yr) AP matches supplier invoice lines to PO lines and receipts, checking price, quantity, and item within tolerance, and holds mismatches for resolution.
- AP price variance exception (Daily / Monthly, about 5,375 hrs/yr) When invoice price differs from PO price beyond tolerance, AP holds the invoice and asks the buyer to confirm, correct the PO, or dispute with the supplier.
- AP receipt quantity variance exception (Daily / Monthly, about 5,375 hrs/yr) When invoiced quantity exceeds received quantity, AP holds the invoice, checks for unrecorded receipts, and asks receiving or the supplier to resolve it.
- AP freight/misc charge validation (Daily / Monthly, about 5,375 hrs/yr) Invoices often include freight, fuel, handling, or tooling charges.
- AP tax validation (Daily / Monthly, about 5,375 hrs/yr) AP checks sales or use tax on supplier invoices against the ship-to jurisdiction and exemption status, and accrues use tax where the supplier charged none.
- Vendor credit memo (Daily / Monthly, about 5,375 hrs/yr) Credits from suppliers for returns, pricing errors, or rebates are entered in AP, matched to the original invoice or RTV, and applied against future payments.
- AP payment proposal (Daily / Monthly, about 5,375 hrs/yr) AP selects invoices due for payment by due date and discount terms, excludes holds and disputes, and builds a proposed payment run for approval.
- Payment approval (Daily / Monthly, about 5,375 hrs/yr) Before payments go out, the controller or treasurer reviews the payment run: payees, amounts, new or changed vendors, and the cash position.
- ACH/check/wire execution (Daily / Monthly, about 5,375 hrs/yr) Approved payments are released: ACH files are generated and uploaded to the bank, checks printed, and wires keyed in the banking portal, then confirmed.
- Positive pay submission (Daily / Monthly, about 5,375 hrs/yr) After issuing checks, AP sends the bank a positive pay file of check numbers and amounts so the bank can reject presented checks that do not match.
- Vendor remittance advice (Daily / Monthly, about 5,375 hrs/yr) Suppliers receive remittance advice listing the invoices paid in each payment, by email or portal, so they can apply the cash on their side.
- Customer billing adjustment (Daily / Monthly, about 5,375 hrs/yr) Billing errors in price, quantity, or freight are corrected by adjusting or reissuing invoices, with the reason documented and approved.
- Customer credit memo (Daily / Monthly, about 5,375 hrs/yr) Credits for returns, pricing errors, or rebates are issued to customers, linked to the original invoice or RMA, and approved according to amount.
- Customer deductions research (Daily / Monthly, about 5,375 hrs/yr) Customers deduct for shortages, pricing, promotions, or compliance chargebacks.
- Collections prioritization (Daily / Monthly, about 5,375 hrs/yr) Each week, collectors rank past-due accounts from the AR aging by amount, days late, credit risk, and broken promises, so the most important calls happen first.
- Collections outreach (Daily / Monthly, about 5,375 hrs/yr) Collectors email and call customers about past-due invoices, send copies and statements, record promises to pay, and escalate unresponsive accounts.
- Customer statement generation (Daily / Monthly, about 5,375 hrs/yr) Each period, AR produces statements from the ERP listing every open invoice, credit, and payment, and sends them by email so customers can reconcile their records and pay.
- Sales/use tax return (Daily / Monthly, about 5,375 hrs/yr) Each period, tax staff compile taxable sales and use tax accruals by jurisdiction from the ERP, prepare returns, and file and pay through state tax portals.
- 1099 preparation (Daily / Monthly, about 5,375 hrs/yr) At year end, AP identifies reportable payments to 1099 vendors, confirms TINs and addresses, and prepares forms for recipients and IRS filing by the deadline.
- Employee reimbursement (Daily / Monthly, about 5,375 hrs/yr) Approved expense reports are paid to employees through the AP payment run or payroll, and the payment reference is recorded against each report so balances clear.
- Journal entry preparation (Daily / Monthly, about 5,375 hrs/yr) Accountants prepare journal entries for accruals, reclassifications, and corrections in an Excel support workbook, then key the entry into the ERP with calculations and documents attached.
- Journal entry approval (Daily / Monthly, about 5,375 hrs/yr) Before a manual journal entry posts, a second person reviews it, checking the support, account strings, amounts, and whether the preparer has authority for that entry type.
- Recurring journal entries (Daily / Monthly, about 5,375 hrs/yr) Standard monthly entries such as rent, insurance, or allocations are posted each period from templates, with amounts checked for changes.
- Prepaid amortization (Daily / Monthly, about 5,375 hrs/yr) Prepaid expenses such as insurance or software are amortized over their service period, and the schedule is updated for new prepaids.
- Accrual calculation (Daily / Monthly, about 5,375 hrs/yr) At month end, accountants calculate accruals for expenses incurred but not invoiced, such as utilities, services, or bonuses, from contracts and usage.
- Intercompany billing (Daily / Monthly, about 5,375 hrs/yr) Each month, charges between company entities for goods, services, or shared costs are billed from an allocation schedule, creating matching payable and receivable records in both ledgers.
- Fixed asset addition (Daily / Monthly, about 5,375 hrs/yr) Capitalizable purchases are added to the fixed asset register with cost, in-service date, useful life, depreciation method, and location, following the capitalization policy.
- Fixed asset depreciation (Daily / Monthly, about 5,375 hrs/yr) Each period, depreciation is calculated and posted in the ERP for every active asset by book, and the total expense is checked against the prior period and the schedule.
- Standard cost roll (Daily / Monthly, about 5,375 hrs/yr) Cost accounting rolls standard costs up from material, labor, overhead, and outside processing through BOMs and routings to compute new standards.
- Standard cost update (Daily / Monthly, about 5,375 hrs/yr) After approval, new standards are frozen and applied to inventory, and the revaluation entry for stock on hand is posted.
- Manufacturing cost variance analysis (Daily / Monthly, about 5,375 hrs/yr) For the monthly results, finance explains total manufacturing variances by type, including material, labor, overhead, scrap, and method changes, with a written cause for each large item.
- Management reporting (Daily / Monthly, about 5,375 hrs/yr) Each month, finance produces management reports from the ERP and Power BI with KPIs, variances to budget and forecast, and written commentary for the leadership team.
- Budget preparation (Daily / Monthly, about 5,375 hrs/yr) Finance distributes budget templates, collects departmental submissions in Excel, builds the consolidated budget, and loads the approved figures into the ERP by account and period.
- Debt covenant reporting (Daily / Monthly, about 5,375 hrs/yr) Finance calculates the covenant ratios defined in the credit agreement, prepares the compliance certificate, and sends it to the lender by the due date.
- Audit PBC fulfillment (Daily / Monthly, about 5,375 hrs/yr) External auditors provide a prepared-by-client list of schedules, samples, and documents; finance compiles and uploads each item by its due date.
- AP invoice intake from email/portal (Daily, about 2,250 hrs/yr) Supplier invoices arrive in an AP mailbox or supplier portals.
- AP duplicate invoice check (Daily, about 2,250 hrs/yr) Before entry, AP checks whether an invoice was already entered or paid, comparing supplier, invoice number, date, and amount, including near-duplicates with altered numbers.
- AP invoice receipt-line entry (Daily, about 2,250 hrs/yr) AP enters invoices by selecting the receipt lines being billed, so the invoice pulls PO price and received quantity and clears the matching accrual.
- Non-PO invoice coding (Daily, about 2,250 hrs/yr) Invoices without a PO, such as utilities, services, or rent, are coded to GL accounts and cost centers using vendor history and department information.
- Non-PO invoice approval (Daily, about 2,250 hrs/yr) Non-PO invoices route to budget owners for approval by amount and cost center before payment, and evidence of each approval is kept.
- Recurring vendor invoice (Daily, about 2,250 hrs/yr) Leases, service contracts, and subscriptions bill the same amount on a fixed cycle.
- AR invoice generation (Daily, about 2,250 hrs/yr) After shipment, billing creates customer invoices from shipped orders with correct prices, freight, taxes, and terms, and posts them to AR.
- Customer invoice delivery (Daily, about 2,250 hrs/yr) Invoices reach customers by email, print, EDI 810, or upload to customer AP portals, each carrying the PO and reference numbers the customer requires.
- Cash receipt entry (Daily, about 2,250 hrs/yr) Checks, ACH payments, and wires are recorded in the ERP as cash receipts with customer, amount, date, and deposit batch.
- Cash application (Daily, about 2,250 hrs/yr) AR applies each payment to the invoices the customer is paying, using remittance advice, and records short pays, deductions, and unapplied amounts.
- Supplier statement reconciliation (Daily / Weekly, about 546 hrs/yr) Suppliers send account statements listing open invoices and payments.
- AP aging review (Daily / Weekly, about 546 hrs/yr) AP and the controller review the payables aging by vendor and bucket, check for old unpaid items, disputes, and debit balances, and plan upcoming payments.
- GRNI reconciliation (Daily / Weekly, about 546 hrs/yr) Accounting reconciles the goods received not invoiced account, identifying old receipts without invoices, price differences, and receipts that should be written off.
- Accrued receipts reconciliation (Daily / Weekly, about 546 hrs/yr) At month end, accounting checks that accrued receipts in the ledger agree with the ERP subledger and that goods received but not billed are properly accrued.
- Lockbox reconciliation (Daily / Weekly, about 546 hrs/yr) Payments received through the bank lockbox are reconciled between the lockbox file, the deposit, and ERP cash receipts, and exceptions resolved.
- Unapplied cash review (Daily / Weekly, about 546 hrs/yr) AR works the list of payments that could not be applied to invoices, researches remittance details and bank references, contacts customers, and then applies, reclassifies, or refunds the cash.
- Credit limit review (Daily / Weekly, about 546 hrs/yr) Credit reviews customer limits against payment history, current exposure, credit reports, and order forecasts, and raises, lowers, or holds each limit.
- Sales tax review (Daily / Weekly, about 546 hrs/yr) Tax staff review sales tax charged on customer invoices against jurisdiction rates, product taxability, and exemption certificates on file, and correct invoices where the tax is wrong.
- Bank reconciliation (Daily / Weekly, about 546 hrs/yr) Accounting reconciles each bank statement or banking portal download with the ERP cash ledger, matching deposits, payments, and fees, and investigating outstanding checks and unrecorded items.
- Credit card reconciliation (Daily / Weekly, about 546 hrs/yr) Company card statements are reconciled with receipts and coded to accounts, and missing receipts or personal charges are followed up.
- Expense report review (Daily / Weekly, about 546 hrs/yr) Employee expense reports are checked against policy limits, required receipts, and manager approvals, coded to the right GL accounts, and approved for reimbursement.
- Intercompany reconciliation (Daily / Weekly, about 546 hrs/yr) Accountants reconcile intercompany balances between each pair of entities, find timing differences and posting errors, and agree the elimination entries needed for consolidation.
- Fixed asset reconciliation (Daily / Weekly, about 546 hrs/yr) Accounting reconciles the fixed asset subledger with the GL balances for cost and accumulated depreciation by asset class, and investigates any difference before close.
- Inventory valuation review (Daily / Weekly, about 546 hrs/yr) Finance reviews inventory value by category, checks unit costs for reasonableness, and tests lower of cost or net realizable value before period close.
- Purchase price variance review (Daily / Weekly, about 546 hrs/yr) Cost accounting reviews variances between PO or invoice price and standard cost by part and supplier, and explains the major ones.
- Labor variance review (Daily / Weekly, about 546 hrs/yr) Cost accounting compares actual labor hours and pay rates with routing standards by job and work center, splits the variance into rate and efficiency, and investigates large ones.
- Overhead variance review (Daily / Weekly, about 546 hrs/yr) Finance compares overhead applied through burden rates with actual overhead spending in the ledger, and analyzes spending and volume variances for each cost pool.
- Job cost reconciliation (Daily / Weekly, about 546 hrs/yr) Accounting reconciles WIP job cost with the GL WIP balance, and costs on closed jobs with cost of goods sold.
- Subledger-to-GL reconciliation (Daily / Weekly, about 546 hrs/yr) Accounting reconciles the AR, AP, inventory, and fixed asset subledger reports with their GL control accounts at period end and investigates every difference before close.
- Balance sheet reconciliation (Daily / Weekly, about 546 hrs/yr) Each balance sheet account is reconciled to supporting detail, with reconciling items explained and signed by a preparer and a reviewer.
- Forecast update (Daily / Weekly, about 546 hrs/yr) Finance rolls the full-year forecast forward each period, replacing forecast with actuals to date, revising the outlook, and explaining changes from the prior forecast version.
- Cash forecast (Daily / Weekly, about 546 hrs/yr) Each week, treasury forecasts cash from expected AR collections, AP payment runs, payroll, debt service, and capital spend, and compares it with bank balances to manage liquidity.
- Month-end close checklist (Monthly, about 432 hrs/yr) The controller runs a checklist of close tasks, including cutoffs, accruals, reconciliations, and reports, tracking owners, due dates, and completion.
- Financial statement preparation (Monthly, about 432 hrs/yr) After close, finance prepares the income statement, balance sheet, and cash flow statement from the trial balance, with footnotes and explanations for material variances.