Accounts Receivable/Accounts Payable Intern

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 ("NFI") 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.