Assistant Accountant Guide - Hire or get hired
Your complete guide to the Assistant Accountant Role: Duties, salary & hiring tips
Purpose of the Assistant Accountant
The Assistant Accountant supports the finance team with reconciliations, journal entries, and general ledger maintenance. The role assists in month-end close and ensures data accuracy across financial systems.
Assistant Accountant's duties and responsibilities
• Reconciliations:
Prepare and reconcile bank, supplier, and general ledger accounts.
• Journal Entries:
Assist with monthly journal preparation including accruals and prepayments.
• Accounts Support:
Provide support to AP/AR teams and help maintain financial records.
• Month-End Reporting:
Assist in compiling financial reports and closing processes.
• Compliance:
Support tax submissions and ensure records meet audit standards.
Prepare and reconcile bank, supplier, and general ledger accounts.
• Journal Entries:
Assist with monthly journal preparation including accruals and prepayments.
• Accounts Support:
Provide support to AP/AR teams and help maintain financial records.
• Month-End Reporting:
Assist in compiling financial reports and closing processes.
• Compliance:
Support tax submissions and ensure records meet audit standards.
Requirements and qualifications for a Assistant Accountant
• Accounting degree or diploma
• 1–2 years’ experience in accounting support
• Proficiency in Excel and accounting systems (e.g., MYOB, Xero)
• Strong attention to detail
• Eagerness to learn and support broader finance tasks
• 1–2 years’ experience in accounting support
• Proficiency in Excel and accounting systems (e.g., MYOB, Xero)
• Strong attention to detail
• Eagerness to learn and support broader finance tasks
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Accounting and Finance Market Update
2024 was a challenging year for businesses across all sectors, leading to a slowdown in recruitment. As we move into 2025, while the market has slowed, job seekers remain open to new opportunities if salaries and workplace conditions meet expectations. Employers must move quickly and offer compelling value beyond compensation.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
