Junior Accountant

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DEFINITION of 'Junior Accountant'

An entry-level position in an accounting department. A college degree in accounting is usually a prerequisite for this position. Other desirable attributes include mathematical aptitude and analytical ability. A junior accountant would usually be supervised by a senior accountant or accounting manager. Duties and responsibilities vary with the organization, but generally include posting journal entries, updating financial statements, preparing monthly financial reports, calculating payroll taxes, auditing and maintaining accounts receivable and payable.

BREAKING DOWN 'Junior Accountant'

The junior accountant position would appeal to those considering a career in accounting because of its many advantages which include above-average earnings potential and access to wide-ranging clientèle. The accounting profession is likely to see sustained demand because corporations and small businesses require accounting services on an ongoing basis.

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RELATED FAQS
  1. What is the average salary for an accountant?

    As with every career, the salary expectation for an accountant depends largely on the accounting position held. As of 2014, ... Read Full Answer >>
  2. What are some examples of general and administrative expenses?

    In accounting, general and administrative expenses represent the necessary costs to maintain a company's daily operations ... Read Full Answer >>
  3. How do dividend distributions affect additional paid in capital?

    Whether a dividend distribution has any effect on additional paid-in capital depends solely on what type of dividend is issued: ... Read Full Answer >>
  4. Why can additional paid in capital never have a negative balance?

    The additional paid-in capital figure on a company's balance sheet can never be negative because companies do not pay investors ... Read Full Answer >>
  5. When does the fixed charge coverage ratio suggest that a company should stop borrowing ...

    Since the fixed charge coverage ratio indicates the number of times a company is capable of making its fixed charge payments ... Read Full Answer >>
  6. How does additional paid in capital affect retained earnings?

    Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>

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