Accounting records are maintained by companies which include the general ledger - for various reasons, ranging from planning future marketing and sales projects to submitting financial data to shareholders and regulatory agencies. General ledger accounting is accountable to ensure that the ledger in general is an accurate and complete document of financial transactions for the company. Based upon the scale of their business, their general ledger accounting could be a member of the accounting team who is specialized in a particular aspect of accounting; they could also be in charge of all aspects of the process directing subordinate accountants as well as acting as the ultimate judge of the account. The accountants typically work in an office setting during normal business hours, however, overtime might be necessary when deadlines are approaching. An accounting degree with a bachelor's level is the common prerequisite for this job. A minimum of three to five years' experience in bookkeeping or accounting role is usually recommended or required. Additionally, the status of an accountant certified by the public (CPA) could be a preferred choice by employers too. Every accounting job requires keen focus on detail, advanced math skills, and an knowledge of accounting concepts. General ledger accountants must be able to organize and communication abilities, along with the ability to lead and manage the accounting team.

The role of General Ledger Accountant is expected to experience steady growth in the United States job market. According to a 10-year analysis, employment opportunities for this position are projected to increase due to the rising complexity of financial regulations, increased globalization of businesses, and the constant need for accurate financial reporting. With the growing demand for accountants in various industries, the General Ledger Accountant role is expected to remain in high demand for the foreseeable future. Current data points suggest a promising outlook for this position with ample employment opportunities in the coming years.

How to Learn

As a General Ledger Accountant in the United States with 6-9 years of experience, your main responsibilities include:<ul><li> Prepare and review financial statements, ensuring accuracy and compliance with accounting standards.Ensure the timely and accurate preparation and review of financial statements, including balance sheets, income statements, and cash flow statements.</li><li> Perform complex account reconciliations and investigate and resolve any discrepancies.Conduct in-depth reconciliations of accounts, identifying and resolving any discrepancies to ensure accurate financial reporting.</li><li> Analyze financial data and present findings to management for decision-making purposes.Utilize financial data analysis techniques to provide insights and recommendations to management, aiding in strategic decision-making.</li><li> Support month-end and year-end close processes, including journal entry preparation and intercompany transactions.</li></ul>

Roles & Responsibilities

Average take home Salary for a General Ledger Accountant in United States is around $69740 per year

Salary Breakup

Accounting records are maintained by companies which include general ledgers for a variety of reasons, ranging from making plans for future marketing and sales projects to submitting financial data to shareholders and regulatory agencies. General ledger accounting is accountable to ensure that the ledger in general is an accurate and complete document of financial transactions for the company. Based upon the scale of their business, their general ledger accounting could be a member of the accounting team who is specialized in a particular aspect of accounting; they could also be in charge of the whole process, overseeing subordinate accountants as well as acting as the ultimate judge of the account. The accountants typically work in a workplace during normal business hours, however, overtime might be necessary when deadlines are approaching.


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General Ledger Accountant

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