Common use of Lead Accountant Clause in Contracts

Lead Accountant. The Lead Accountant has duties and responsibilities as follows: 1. Ensuring consistent application of GAAP accounting standards, as well as LSNYC’s financial policies; 2. Assisting in LSNYC’s monthly and annual close; 3. Preparing monthly journal entries to record accounts receivable, cash receipts and contributions; 4. Performing bank reconciliations for selected accounts; 5. Reconciling quarterly 941, as prepared by our tax service to what has been recorded as salaries expense, in the general ledger; 6. Preparing accrual journal entries as necessary, i.e. health insurance, accrued taxes, salaries, etc.; 7. Performing monthly account analysis for selected balance sheet accounts, investigating and communicating discrepancies; 8. Reviewing general ledger entries for proper revenue recognition of pledge receivables; 9. Reviewing accounts payable invoices for proper authorization and expense coding; 10. Assisting in annual audit schedules and financial statement preparation; 11. Assisting in the preparation of monthly analytical budget vs. actual reports using accounting software, for management and constituent offices; 12. Working closely with Development to maintain cash receipts and revenue recognition; 13. Updating budgets of LSNYC–wide contracts; entering into accounting software approved budgets; submitting vouchers, recording journal entries, providing grant budget variance reports, responding to contract audits, and close-out contracts; 14. Assisting the Director of Budget and Grants in maintaining the budget workbooks; 15. Providing monthly a forecast of cash receipts by funding sources for the next twelve (12) months.

Lead Accountant. The Lead Accountant has duties and responsibilities as follows: 1. Ensuring consistent application of GAAP accounting standards, as well as LSNYC’s financial policies; 2. Assisting in LSNYC’s monthly and annual close; 3. Preparing monthly journal entries to record accounts receivable, cash receipts and contributions; 4. Performing bank reconciliations for selected accounts; 5. Reconciling quarterly 941, as prepared by our tax service to what has been recorded as salaries expense, in the general ledgerxxxxxx; 6. Preparing accrual journal entries as necessary, i.e. health insurance, accrued taxes, salaries, etc.; 7. Performing monthly account analysis for selected balance sheet accounts, investigating and communicating discrepancies; 8. Reviewing general ledger entries for proper revenue recognition of pledge receivables; 9. Reviewing accounts payable invoices for proper authorization and expense coding; 10. Assisting in annual audit schedules and financial statement preparation; 11. Assisting in the preparation of monthly analytical budget vs. actual reports using accounting software, for management and constituent offices; 12. Working closely with Development to maintain cash receipts and revenue recognition; 13. Updating budgets of LSNYC–wide contracts; entering into accounting software approved budgets; submitting vouchers, recording journal entries, providing grant budget variance reports, responding to contract audits, and close-out contracts; 14. Assisting the Director of Budget and Grants in maintaining the budget workbooks; 15. Providing monthly a forecast of cash receipts by funding sources for the next twelve (12) months.