Introduction:
The income auditor is a finance professional and their primary duty is to audit and substantiate all revenue transactions, document them, and prepare daily and monthly sales reports for the management as per company policies and rules. They should inspect all revenue transactions for consistency and verify the transaction for accuracy and ensure the financial transaction tally. They record and register the company’s revenue and few other duties they usually perform include implementing economic policies, averting monetary theft, tracing incoming funds, coding the financial entries, conforming the balance sheet with financial receipts, producing income statements, and presenting the income statement to the management. The income auditor is an accountant and they have to maintain the records used by other departments and be responsible for performing certain tasks like tax preparation, profit, and loss analysis, and protecting the company against monetary theft.
Income Auditor Job Titles:
- Income Auditor
- Auditor
- Senior Income Auditor
- Income Tax Auditor
Income Auditor Job Summary:
We are a reputed financial company located in the US and are involved in hiring experienced income auditors who have completed their bachelor’s degree in finance, accounting, or management. They must possess at least 4 years of experience in a similar field. The candidate needs to be passionate and motivated. You need to be resourceful and innovative and must possess an entrepreneurial spirit. The role of an income auditor is to assist our finance manager and maintain accounting control by the daily transactions of cash and must reconcile daily settlements. The job duties will be performing reconciliation of sales in revenue center, conduct all aspects of account payable task and purchase order system, facilitate band payment and manage tax, checks, conduct weekly meeting and reporting, perform monthly inventory reconciliation and aid finance manager to perform month-end close.
Income Auditor Job Responsibilities and Duties:
- Assess all revenue transactions and prepare documents for income journal daily and estimate the balance sheet for property management systems
- Produce and gauge all housekeeping reports daily and sort out any issues in the same
- Scan all financial transactions like administrative phone reports and allowances
- Conduct an audit on various functions and keep a track of daily activities for night audit staff and provide them training when needed
- Support and ensure accuracy in all the reports and documents of all incoming transactions of all projects
- Ensure all compliance meet state and federal policies
Income Auditor Skills and Qualification:
- Bachelor degree or Masters in accounts or finance
- Must possess a minimum of 4 years of experience in the similar field
- A large organization may require an MBA
- Must possess a CPA license
- Trustworthy and must be honest
- Candidate must pass background examination before employment
- Must have attended internship in a leading public accounting firm or accounting section
- Some employers may run a credit check
- Candidates convicted of any theft may not be hired
- Punctual, reliable and must possess strong communication skill
- Attention to detail, prioritization skill, and time management
- Motivational skills
