Job Description
Overview A junior accountant role is an opportunity to gain on the job training and use that knowledge to develop and grow their skill set. A Junior account should ideally demonstrate good hunger for growth and have the right aptitude to learn new skills. Junior Accountants are valuable to the organisation because of their future potential, as they grow and develop their skill, knowledge and productivity. Education Chartered Accountant Work Experience May have some work experience (0 - 1 years) gained post Chartered Accountancy. Areas Requirement + Focuses on delivering high quality work with minimal errors. Quality of work Technical Expertise A junior accountant will be working towards develop their skill and knowledge in each of the areas below: + Business Activity Statements (BAS) print the required reports from the clients accounting software and enter the details onto the BAS form. + Instalment Activity Statements (IAS) print the required reports from the clients accounting software and enter the details onto the IAS form. + GST Reconciliation print monthly/quarterly GST reports from the relevant accounting software and reconcile to Business Activity Statements lodged (with assistance as required). + Preparation and reconciliation of cash receipts and payment summaries + Accurately compiles client source documentation for processing (including bank reconciliations). + Complete bank reconciliations. + Post trial balance/cashbook movements by coding the transactions to the appropriate accounts. Identify the need for a new account to be added to the client chart, modify client chart and post journals in accounting software. + Trade debtors obtain and review aged debtors schedule from accounting software. Identify potential bad debts. Complete journal entry to post into accounting software. Ensure the balance reconciles to the general ledger. + Inventory - process the closing stock entries. + Fixed assets identify capital acquisitions, add acquisitions to the asset register using the appropriate depreciation rate, identify asset disposals and reflect disposal using correct consideration. + Prepayments/Intangibles identify prepaid expenditure, perform amortisation calculations and process required journal entries. + Trade Creditors print and analyse creditors schedule, identify unusually large or old creditors and prepare journal entries to record. + Hire Purchases/Leases understand the difference between a Hire Purchase and a lease contract. Attempt to reconcile movements (with assistance as required). + Prepare activity statements to review stage, able to identify where various items are represented on statements. + Profit and Loss review identify any inconsistencies in the current years figures through the comparative analysis. Identify and verify basic tax sensitive items (e.g. depreciation, accruals, and legal fees), reconcile wages in the General Ledger to PAYGW payment summaries. + Shareholder Loan accounts reconcile movements in shareholders loan accounts. firm standard. + Preparation of the Kelly+Partners standard working papers to the + Able to provide supporting documentation and clearly articulate and prove how certain figures/outcomes were achieved and why + Preparation of financial statements that are appropriately cross referenced and compiled according to standard formats. Income Tax Returns An undergraduate will be working towards develop their skill and knowledge in each of the areas below: + Data entry - accurately input details from financial statements into relevant software and complete the appropriate schedules. + Tax Reconciliation follow the standard working papers with reference to last years reconciliation for any items that may need to be reversed. + Franking Account understand the impact of dividends paid to company and tax payments companies make. + Capital Gains Tax - identify basic sales (shares, real property). + Income recognise different categories of income for inclusion at the correct item number in the return. Enter details into the tax return and complete relevant schedules. + Deductions identify deductions for donations and work related deductions including the various forms of motor vehicle deductions. Enter details into the tax return and complete the relevant schedules. + Tax offsets Identify private health, medical expenses and imputation credit tax offsets and input details into tax return and complete relevant schedules. + Calculate tax liability/refund verify the tax estimate produced by the system. Other Compliance Work An undergraduate will be working towards develop their skill and knowledge in each of the areas below: + Workers compensation reconcile wages for appropriate period for non-complex declarations, complete workers compensation declaration and standard cover letter. + Land Tax verify the notice of assessment issued by the Office of State Revenue (OSR). Be able to complete the initial and variation returns. + ASIC documentation understands the purpose of company statements and identify when updates are required. + Government agencies Able to liaise with agencies including the ATO, ASIC, OSR to obtain the required information. + Tax administration knowledge of tax administration, including such issues as the imposition of and calculation of penalties and interest. Professional Development + Completes K+P Compulsory Reading List. + Attend all scheduled internal Tax Training sessions scheduled: + Special Topics (1 per month) + Tax Update (1 per month) the completion of their degree. + Willing to undertake Chartered Accountants (CA) Program after K+P Values Values: Demonstrates their understanding and commitment to the K+P + Wants The Best For Others Personally demonstrates they want the best for their clients, team members, partners and the broader Kelly+Partners Group. + Does What They Say Makes and fulfils commitments, works independently, meets deadlines, and accepts responsibility for his/her actions. Makes promises and keeps them. + One Team, One Best Way Personally demonstrates they are a valuable team member who contributes ideas, opinions and feedback. Communicates in an open and candid manner and can be counted on to fulfil commitments made. Understands and uses K+P one best way systems and processes and contributes to their improvement. K+P Systems + Checks to ensure the signed engagement letter has been returned by the client before starting any client work. + Accurately updates the status of work in progress in the workflow + Prioritises work in consultation with their Manager/Client Director. + Monitors own timesheets to ensure the productivity is within the tracking list. required range. + Attends the weekly team workflow meeting and provides an update on their work progress, raise any issues and requests additional work if needed. + Ensures their calendar is up to date with the assigned work for the month. + Completes mid year and annual performance appraisals (Halogen) within the timeframe required and regularly updates progress to achieve development plans and other goals assigned throughout the year. + Attends and contributes input to the monthly Purple File Meeting (in Software Halogen) with their Client Director. + Completes timesheets daily. + Uses Feedback Central (in Halogen) to: + Record relevant projects/tasks completed well + Record areas that need to be improved Has and develop their familiarity in below programs: MYOB Xero Quickbooks Pdfdocs HowNow NowInifinty Microsoft Office Suite: + Excel + Outlook + Word MYOB AE + Tax Reporter BGL360 (may be required)
