Career Story: General Ledger Accountant For A Healthcare Company

General Ledger Accountant For A Healthcare Company

Job Title: General Ledger Accountant

Type of Company: My company manages short-term and long-term care facilities.

Education: BA, Business Administration, Southern New Hampshire University •• MBA, Business Administration, Southern New Hampshire University

Previous Experience: I started as an associate accountant at a small tax accounting firm while finishing my master's degree.

Job Tasks: My responsibilities as a general ledger accountant are to prepare month-end journal entries, analyze financial statements and reconcile all balance sheet accounts. Month-end journal entries account for items such as pre-paid expenses, month-end accruals, bank recording fees and the reclassification of items that were incorrectly coded. Analyzing financial statements means looking at a profit-and-loss report to see how much money was received that month and how much was paid out. Having done this, we look to see if the company was under or over budget and why.

An example of a balance sheet account that we reconcile is "Cash." We take the bank statement and every bit of information that has a bearing on it and make sure that the balance we show matches the bank statement's balance. The daily activities are based on a month-end close. Each business day corresponds to what needs to be done for that day each month. Since the fiscal period closes on the ninth business day, this is when we need to have all of our journal entries in the system and then final reports are sent out to our facilities.

Best and Worst Parts of the Job: The best part of the job is that you get to see a whole picture of what accounting is and what makes up a financial statement. You have to do a lot of research and figure out why this account has changed or why this entry impacts others, etc. We get to see the whole picture of what a general ledger accountant does.

The worst part of the job can be the deadlines. During the nine day close period it can get stressful if you don't manage your time wisely.

Job Tips:
1. Make sure that you are very detail-oriented and double-check your work. Once you make an entry and post it into the system, the only way to correct it is to make another entry.

2. When starting out in accounting look for a job where you can get the most experience with all kinds of accounts. It helps to know a lot about all aspects of the business and how they relate to accounting.

3. Make sure that the environment you are working in encourages you to continually learn and ask questions.

Additional Thoughts: The most important skills to have in this job are time management, attention to detail, and the ability to work independently with little direction.

Popular Schools offering Accounting Programs

quickinfoThese schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).

Request info from multiple schools, by clicking the Request Info links.

Matching School Ads

A degree from CTU connects you to what matters most: powerful professional network, real-world professional faculty and innovative technology. Once you earn your degree you hit the ground running.

  • Programs: Master of Science in Accounting, Bachelor of Science in Accounting, Master of Business Administration - Accounting, more...
  • Degrees: Master, Bachelor
  • Programs: Master - Professional Accounting, Graduate Specialization - Accounting, BS - Accounting, more...
  • Degrees: Master, Bachelor
UEI College
Anaheim, Bakersfield, El Monte, Encino, Fresno, Gardena, Huntington Park, Ontario, Riverside, San Marcos, Stockton

At UEI College, we want you to succeed. We’re like a family and we want you to be a part of it.

  • Programs: Business Office Administration (8-Month Diploma Program)
  • Degrees: Diploma

Push Your Creativity To The Next Level

  • Programs: Innovation & Entrepreneurship, Master of Science (Online)
  • Degrees: Master
California College San Diego
San Diego, San Marcos

The Secret to Getting Ahead is Getting Started

  • Programs: Business Management & Accounting (AAS), Accounting (BS), Business Management & Accounting - Property Management (AAS), more...
  • Degrees: Associate, Bachelor

A Rutgers business education prepares students for success – not just in their chosen fields but also in their lives.

  • Programs: Master of Governmental Accounting (Online)
  • Degrees: Master

Become the leader you know you can be. The Forbes School of Business & TechnologyÒat Ashford University

  • Programs: MA Accountancy - Audit, BA Accounting, MA Accountancy, more...
  • Degrees: Master, Bachelor

Liberty University provides a world-class education with a solid Christian foundation, equipping men and women with the values, knowledge, and skills essential for success in every aspect of life.

  • Programs: MS in Accounting, MBA - Accounting, BS in Business - Finance
  • Degrees: Master, Bachelor

Since 1888, The University of Scranton has grounded its education in Catholic and Jesuit principles based on intellectual growth and integrity, all of which shape the online master’s and certificate programs.

  • Programs: Online Master of Accountancy, Online MBA specialization in Accounting
  • Degrees: Master

Congratulations! Your interest in Independence University is an important first step toward changing your life. A career-focused degree is the key to a career with a potentially higher income, better benefits, and more satisfaction.

  • Programs: Business Management & Accounting (AAS), Accounting (BS), Accounting - Forensic Accounting (BS)
  • Degrees: Associate, Bachelor
Matching School Ads

Additional Career Stories for Accountants And Auditors

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Accountants And Auditors, including:

Back to Top