Accounts Receivable/Accounts Payable Intern

Accounts Receivable/Accounts Payable Intern

Position Summary

The Accounts Receivable/Accounts Payable (AR/AP) Intern will support the Accounting team by assisting with daily financial operations and administrative accounting functions. This internship provides hands-on experience in corporate accounting, exposure to financial systems, and opportunities to develop professional skills in a fast-paced business environment. The intern will work closely with accounting professionals while gaining practical knowledge of accounts payable, accounts receivable, and month-end accounting processes.
Key Responsibilities
Accounts Payable (AP)
• Assist with reconciling vendor statements and identifying discrepancies.
• Support the processing and billing of received purchase orders.
• Research and follow up on outstanding vendor prepayments.
• Maintain accurate vendor records and documentation.
• Assist with invoice review and data entry activities.

Accounts Receivable (AR)
• Apply and post incoming customer payments accurately and timely.
• Assist with CSV payment uploads and payment processing.
• Gather supporting documentation for short-paid invoices and payment discrepancies.
• Help maintain customer account records and payment histories.
• Assist with collections-related research as needed.

General Accounting Support
• Perform data entry and maintain electronic and physical accounting records.
• Assist with month-end close activities and account reconciliations.
• Support process improvement initiatives and special projects.
• Prepare reports and documentation as assigned.
• Collaborate with team members to ensure accuracy and efficiency in accounting processes.

Learning Opportunities

Throughout the internship, the successful candidate will have the opportunity to:
• Gain hands-on experience with accounts payable and accounts receivable processes.
• Learn to work within an ERP system, including NetSuite.
• Develop advanced Excel skills and improve financial data analysis capabilities.
• Enhance organizational, problem-solving, and professional communication skills.
• Gain exposure to corporate accounting practices and financial controls.

Qualifications
• Currently pursuing a degree in Accounting, Finance, Business Administration, or a related field.
• Basic understanding of accounting principles and financial terminology.
• Strong attention to detail and organizational skills.
• Proficiency in Microsoft Office, particularly Excel.
• Ability to handle confidential information with professionalism.
• Strong written and verbal communication skills.
• Ability to work independently and as part of a team.

Expected Outcomes

By the conclusion of the internship, the intern will:
• Demonstrate a working knowledge of AR/AP processes and accounting workflows.
• Successfully contribute to day-to-day accounting operations.
• Develop proficiency in Excel and NetSuite.
• Strengthen analytical, organizational, and professional communication skills.
• Gain valuable real-world accounting experience in a business environment.