General Accountant with Inventory Reconciliation
San Jose, CA
Position Description
General Accountant with Inventory Reconciliation
Send resumes to: resumes@bellmicro.com
Bell Microproducts is a value-added provider of a wide range of technology products, solutions and services to the Industrial, Commercial and Enterprise marketplace. Bell Micro is one of the world’s largest and fastest growing storage-centric value-added distributors.
The position of Accountant III requires a self motivated person. It requires a person who can analyze data and make decisions to resolve problems. This person will need excellent written and verbal communication skills, experience with Excel and Word and have accounting experience reconciling general ledger accounts, in particular, inventory reconciliation.
The responsibilities of this position include but are not limited to inventory reconciliation, vendor invoice cost discrepancies, customer consigned inventory, the quarterly dropship accrual, unidentified vendor credits and vendor bill backs along with other miscellaneous projects.
Inventory reconciliation requires general accounting principals. This job is to balance our general ledger to the perpetual inventory each month end. This is done in excel and we use system generated reports to track the inventory activities to determine what did not get entered into the general ledger properly.
Cost discrepancies are brought to Cost Accounting from Accounts Payable when they receive an invoice from a vendor that the invoice cost does not agree with our purchase order cost. Research needs to be done to verify which cost is correct and system adjustments need to be made to either correct the system cost, fifo cost or cost of sales.
Customer consigned inventory needs to be reconciled each month to verify that the system quantities are accurate according to the customer count sheets. Research needs to be done to reconcile the customer counts to our system quantities and our billing quantities.
A quarterly dropship accrual needs to be done each quarter to account for the drop ships our vendors shipped at quarter end. We do this by entering the vendors invoice info, the vendor shipping terms and the customer shipping terms and reviewing this data to verify if the shipment should be accrued for.
Vendors will send us credits that the Accounts Payable department cannot identify. Cost Accounting will need to review the credit memo info and do research to identity what the credit was issued for. Once the credit is identified, we give the credit to Accounts Payable for processing.
