Finance and Accounting: Typical Student Responsibilities
You can count the many ways students contribute to finance and accounting departments throughout area companies. Look through some of the activities below to get ideas on how Cristo Rey students can start contributing to your bottom line.
Accounts Receivable & Payable
Complete Accounts Payable process: match invoices with purchase orders and shipping documentation, ensure accuracy, resolve discrepancies and enter data into client accounting system.
Create process and procedure document: build a reference guide to be used by employees, outlining the requirements for data entry into client accounting system.
Complete invoice deductions research and processing: field customer inquiries regarding invoice deductions, review in client accounting system and communicate with customer
Conduct collections communications: notify customers of overdue invoices, complete required documentation and forward copies to appropriate client department.
Enter and validate data in vendor and customer management system, review for quality control and update as needed.
Expense Report Processing
Manage tasks to complete time and expense report processing: receive reports, validate receipts required, report exceptions, enter data into client accounting system and process checks.
Corporate and Sales Tax
Reconcile and analyze tax charges, prepare defense, contact State Department of Revenue and resolve issues.
Package necessary data and reports for State and IRS Audit requirements.
Process credit applications: research prospective customers to determine credit worthiness, check references, track status and report results.
Process cash receipt and collections: run report of previous day cash deposits and assign account within client accounting system.
– Cheryl Galanis, Accountant, Grainger
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