what is a junior accountant 
a junior accountant maintains and compiles financial reports and statements in compliance with government regulations and requirements the junior accountant may analyze balance sheets manage general ledger accounts update financial statements maintain accounts receivable and accounts payable pay monthly payroll and prepare financial reports accountants auditors and junior auditors typically work full time overtime hours may be required during tax season or at the end of the fiscal year duties and responsibilities of junior accountantsthe duties and future career prospects for a junior accountant depend on the situation and the abilities of the candidate a junior accountant holds an entry level position in the accounting department of an accounting or auditing firm or the government junior accountants have an interest in finance accountants learn the ins and outs of the industry in which they work because they are privy to all the expenses revenues and investments that are involved in a business entity the duties and responsibilities of a junior accountant would vary within the organization but would include accounting for all business transactions with journal entries updating financial statements preparing monthly financial reports calculating payroll taxes and auditing and maintaining accounts receivable and accounts payable all of this would be performed under the supervision of the manager as the junior accountant learns the business of accounting and the intricacies of different client situations the median pay for a qualified accountant in 2023 was 79 880 according to the u s bureau of labor statistics bls 1requirements for junior accountantsa bachelor s degree in accounting and a high level of attention to detail are prerequisites for this position other desirable attributes include mathematical aptitude analytical ability an ability to keep documents well organized and an interest in finance a junior accountant uses accounting software so the ability to use and learn new computer systems is essential the outlook for junior accountantsthe junior accountant position would suit those who enjoy mathematics and are interested in finance junior accountants have above average earnings potential and access to wide ranging client le the accounting profession is likely to see sustained demand because corporations and small businesses require accounting services on an ongoing basis if a junior accountant wishes to climb the career ladder they could become a certified public accountant cpa a certified management accountant cma or a certified internal auditor cia by undertaking and passing the exam series growth in the accounting profession is expected to average around 4 per year from 2022 to 2032 according to the u s bureau of labor statistics 1 employment growth in the accounting field is linked to the overall economy in a growing economy more accountants are required 