Responsible for preparing journal entries and reconciliations for he monthly general ledger close and assisting preparation and distribution of various financial reports
Working as part of a collaborative Accounting team, the Revenue Accountant will support all aspects of the revenue cycle within the organization. This position has specific responsibility in revenue accounting and billing processes within the organization, including day to day revenue recognition and accounting functions, performing monthly close processes, fulfilling interdepartmental reporting requests, managing all facets of the billing process, maintaining an effective control environment as well as coordinating with the finance team.
Responsibilities
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Support monthly accounting and billing operations for a timely and accurate close process.
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Review contract setups in the accounting system for proper billing and revenue recognition.
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Process billings from a variety of sources per contract terms (recurring, renewals, milestone billing).
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Assist operations managers to ensure timely billing of event-based milestones.
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Perform detailed reviews of revenue and billing as part of the normal monthly close.
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Prepare journal entries to support monthly close activities.
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Review client contracts for proper revenue recognition (POC, milestone, SaaS, perpetual/term).
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Learn and gain an understanding of software revenue recognition principles, ensuring compliance with ASC 606.
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Create detailed revenue schedules as needed for management and reporting purposes.
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Prepare and present financials to management and supporting internal teams with ad-hoc requests.
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Partner with internal teams and business partners to define, establish and implement accounting processes and procedures.
Qualifications
Required
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Bachelor's degree in finance, accounting or equivalent relevant work experience
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Demonstrated technical knowledge and thorough understanding of GAAP
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High-level of proficiency in MS Office Suite, with advanced knowledge of MS Excel (pivot tables, v-lookups, etc.)
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Highly motivated with the ability to shift priorities, work independently and meet deadlines while maintaining a high standard of accuracy
Preferred
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2+ years of revenue recognition experience in a software or technology company that has complex and recurring revenue streams
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Experience working with cloud-based ERP systems (Great Plains, Softrax, FinancialForce, Oracle, Workday, etc.)
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Experience with SalesForce or other CRM's
Netsmart is proud to be an equal opportunity workplace and is an affirmative action employer, providing equal employment and advancement opportunities to all individuals. We celebrate diversity and are committed to creating an inclusive environment for all associates. All employment decisions at Netsmart, including but not limited to recruiting, hiring, promotion and transfer, are based on performance, qualifications, abilities, education and experience. Netsmart does not discriminate in employment opportunities or practices based on race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, national origin, age, physical or mental disability, past or present military service, or any other status protected by the laws or regulations in the locations where we operate.
Netsmart desires to provide a healthy and safe workplace and, as a government contractor, Netsmart is committed to maintaining a drug-free workplace in accordance with applicable federal law. Pursuant to Netsmart policy, all post-offer candidates are required to successfully complete a pre-employment background check, including a drug screen, which is provided at Netsmart’s sole expense. In the event a candidate tests positive for a controlled substance, Netsmart will rescind the offer of employment unless the individual can provide proof of valid prescription to Netsmart’s third party screening provider.
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All applicants for employment must be legally authorized to work in the United States. Netsmart does not provide work visa sponsorship for this position.
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