Newbury Franklin Industrials Retail & E-commerce

Accounts Receivable/Accounts Payable Intern

Buffalo, NY In person Internship

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.

Job description provided by Newbury Franklin Industrials.
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