Accounts Receivable/Accounts Payable Intern

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.

• Compensation: $20.00 per hour

• Newbury Franklin Industrials is the data-driven industrial manufacturing and distribution platform of Newbury Franklin, a private equity firm focused on long-term holdings. NFI's team is comprised of hungry, growth-oriented professionals who thrive on making a direct impact and driving measurable results across our expanding portfolio of companies.

• Our diversified family of manufacturing, distribution, and e-commerce businesses operates with a strategic growth mindset, seeking opportunities to scale operations and capture market share while delivering on promises to our customers. NFI's long-term strategy centers on building an industrial powerhouse through both organic expansion and strategic acquisitions, powered by a team that embraces challenge and delivers on ambitious goals.