Inventory Accountant

Inventory Accountant Responsibilities:
● Prepare monthly journal entries for COGS, inventory movement, inventory adjustment and any other
related inventory chart of accounts.
● Reconciling inventory accounts to the general ledger.
● Maintain and review the general ledger and reconcile balance sheets.
● Ensure inventory ending balance matches between the warehouse management system and the
accounting system monthly.
● Manage inventory flow reports on a weekly basis to investigate and correct discrepancies in reported
quantities and locations of all inventories on hand.
● Developing inventory analysis reports and analyzing variances.
● Assess inventory output on a daily, weekly, or monthly basis to identify trends in productivity.
● Create Purchase Order (PO) for the vendors according to requisition form submitted by the Inventory
Manager.
● Manage inventory AP accounts in both QBO online and Bill.com to ensure on time payment and
accurate booking between vendor invoices and POs.
● Work with the logistic team to reconcile open PO on a weekly basis between vendors and warehouse.
● Establish trusted relationships with suppliers to ensure quality service and cost-effective deals.
● Analyze costs of raw materials, freight, and R&D to create cost-benefit analyses.
● Ad-Hoc projects as required. Requirements:
● Bachelor’s degree in Finance or Accounting preferred.
● Minimum of 2-3 years of relevant work experience, preferably in the e-commerce industry
● Knowledge of GAAP
● Working knowledge of Bill.com & QBO (or similar accounting software)
● Working knowledge of Financial Statement, and Cost of Goods Sold Reconciliation
● Strong attention to detail and a process-oriented mindset
● Excellent organization as well as written and oral skills