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Contract Accounting Jobs in Minnesota (NOW HIRING)

Grant & Contract Accounting * Track grant and contract expenses monthly to ensure compliance with approved budgets * Reconcile grant activity monthly and clear internal balances as required

Contract accounting * Experience partnering closely with operations and project management teams. * Excellent communication, leadership, and relationship-building skills. * High level of integrity ...

Accounting Clerk

Wayzata, MN

$18.75 - $24/hr

Scan contracts and maintain accurate electronic records. * Compile, prepare, review, and audit accounting reports and financial documents. * Enter and upload financial data accurately into company ...

Accounting Clerk

Wayzata, MN

$18.75 - $24/hr

Scan contracts and maintain accurate electronic records. * Compile, prepare, review, and audit accounting reports and financial documents. * Enter and upload financial data accurately into company ...

Accounting Clerk

Wayzata, MN · On-site

$18.75 - $24/hr

Scan contracts and maintain accurate electronic records. * Compile, prepare, review, and audit accounting reports and financial documents. * Enter and upload financial data accurately into company ...

Accounting Clerk

Wayzata, MN · On-site

$16 - $17/hr

Scan contracts and maintain accurate electronic records. * Compile, prepare, review, and audit accounting reports and financial documents. * Enter and upload financial data accurately into company ...

... with contract terms, company policies, and established financial procedures. • Review income ... accounting leadership, including supervising staff and managing day-to-day team performance. • ...

Review and interpret client agreements, statements of work, and related contract documentation to ... Accounting Operations * Support month-end close activities, reconciliations, reporting, and account ...

Accounting Manager

Minneapolis, MN · On-site

$100K - $125K/yr

Manage compliance with GAAP, contract requirements, bonding, and lender reporting. Team Leadership and Development: * Build, lead, and develop a high-performing accounting team. * Establish clear ...

Accounting Manager

Minneapolis, MN · On-site

$100K - $125K/yr

Manage compliance with GAAP, contract requirements, bonding, and lender reporting. Team Leadership and Development: * Build, lead, and develop a high-performing accounting team. * Establish clear ...

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Contract Accounting information

See Minnesota salary details

$10

$35

$93

How much do contract accounting jobs pay per hour?

As of Jul 28, 2026, the average hourly pay for contract accounting in Minnesota is $35.34, according to ZipRecruiter salary data. Most workers in this role earn between $20.72 and $35.77 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Contract Accountant, and why are they important?

To thrive as a Contract Accountant, you need a solid background in accounting principles, knowledge of contract law, and typically a degree in accounting or finance. Familiarity with accounting software like QuickBooks, SAP, or Oracle, as well as understanding of compliance regulations, is often required. Strong attention to detail, analytical thinking, and effective communication are crucial soft skills for accurately managing contracts and collaborating with stakeholders. These skills ensure compliance, minimize financial risk, and support sound decision-making in contract management.

What is the difference between Contract Accounting vs Accounts Payable Specialist?

AspectContract AccountingAccounts Payable Specialist
CredentialsAccounting degree, CPA or similar certifications often preferredHigh school diploma or associate's degree, some accounting knowledge beneficial
Work EnvironmentCorporate finance, project-based, often in accounting or finance departmentsFinance or accounting departments, processing invoices and payments
Employer & Industry UsageUsed in industries with project-based work like construction, engineering, or consultingCommon across various industries handling vendor payments and invoice processing

Contract Accounting focuses on managing financial records for specific projects or contracts, requiring accounting expertise. Accounts Payable Specialists handle invoice processing and payments, often with less emphasis on complex accounting principles. While both roles involve financial data, Contract Accounting is more specialized and analytical, whereas Accounts Payable is more transactional and operational.

What are some common challenges faced in contract accounting roles, and how can they be managed effectively?

Contract accounting professionals often face challenges such as interpreting complex contract terms, ensuring compliance with revenue recognition standards (like ASC 606), and maintaining accuracy under tight deadlines. Managing these challenges requires strong attention to detail, regular collaboration with legal and sales teams, and ongoing professional development to stay updated on accounting standards. Utilizing robust accounting software and establishing clear communication channels across departments can significantly improve efficiency and reduce errors.

What is contract accounting?

Contract accounting is a specialized area of accounting that focuses on tracking, managing, and reporting financial transactions related to contracts between businesses and their clients or vendors. This process involves monitoring contract revenue, costs, billing, and compliance with contractual terms. Contract accountants ensure that financial records accurately reflect the performance and obligations of each contract, often in industries like construction, government, and consulting. Their work is crucial for auditing, financial planning, and meeting regulatory requirements.
What are the most commonly searched types of Accounting jobs in Minnesota? The most popular types of Accounting jobs in Minnesota are:
What job categories do people searching Contract Accounting jobs in Minnesota look for? The top searched job categories for Contract Accounting jobs in Minnesota are:
What cities in Minnesota are hiring for Contract Accounting jobs? Cities in Minnesota with the most Contract Accounting job openings:
Infographic showing various Contract Accounting job openings in Minnesota as of July 2026, with employment types broken down into 75% Full Time, and 25% Contract. Highlights an 100% In-person job distribution, with an average salary of $73,516 per year, or $35.3 per hour.
Accounting and Finance Lead

$64K - $72K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago


Job description

Position Overview
The Accounting and Finance Lead plays a pivotal role in managing the day-to-day accounting and financial operations to ensure efficient, accurate, and compliant financial processes. Reporting directly to the Director of Finance, this position works closely with the Controller to support accounting operations, training, and internal controls.
The Accounting and Finance Lead is responsible for overseeing accounts payable, accounts receivable, invoicing, budgeting support, staff training, and process improvements. This role ensures the finance team functions smoothly, deadlines are met, and policies and procedures are followed, enabling the Director and Controller to focus on strategic financial leadership and compliance.
This is a full-time exempt position that is expected to work 40 hours per week, Monday through Friday 8 am to 5:00 pm. This position reports directly to the Director of Finance. The position is exemopt and expected to work from to St Cloud office 5 days a week
Salary
$64,000 - $72,000
Benefits
  • Up to 16 days of accrued Paid Time Off per year
  • Up to 40 hours of accrued sick leave per year
  • Up to 16 paid company holidays
  • Medical and Dental insurance with employee-only premiums covered 100% by CAIRO
  • Vision Insurance low-cost employee premium
  • 401(k) plan with up to 3% employer match

Key Responsibilities
Accounting Operations & Financial Management
  • Manage the full monthly accounting cycle, including transaction clearing, reconciliations, and month-end close support
  • Clear and reconcile all bank accounts, deposits, donations, credit card activity, and funds received
  • Identify and process transactions requiring allocation or splits across programs, grants, or funding sources
  • Ensure accurate expense, grant, and contract coding in compliance with GAAP and funder requirements
  • Maintain balance sheet schedules, including prepaid expenses, deferred revenue, restricted funds, net assets, and gift cards
  • Maintain all accounting schedules
  • Support preparation of monthly financial reports, including budget-to-actual analyses

Accounts Payable, Accounts Receivable & Invoicing
  • Manage and support Accounts Payable and Accounts Receivable functions
  • Oversee invoice processing, vendor payments, credit card reviews, and reconciliations
  • Ensure bills and expenses are reviewed, approved, and properly coded
  • Monitor accounts receivable aging and follow up as needed
  • Conduct pre-invoicing reviews to ensure accuracy and allowability of expenses
  • Prepare, send, and reconcile monthly and quarterly invoices for grants and contracts
  • Ensure all invoicing deadlines are met
  • Grant & Contract Accounting
  • Track grant and contract expenses monthly to ensure compliance with approved budgets
  • Reconcile grant activity monthly and clear internal balances as required
  • Recognize deferred revenue and release restricted revenue in accordance with grant terms
  • Conduct regular financial check-ins with program managers to review grant activity
  • Adjust cost allocations and remove unapproved transactions when necessary
    Prepare documentation and financial schedules for grant audits and funder reviews

Budget Development, Amendments & Monitoring
  • Support program managers and department leads with grant, program, and sponsorship budgets
  • Assist with budget development for applications and funding proposals
  • Ensure internal budget tracking aligns with final submitted budgets
  • Monitor budgets and support variance analysis
  • Prepare and submit budget amendments to funders as required
  • Coordinate with finance leadership on annual budget preparation

New Grant & Contract Setup
  • Establish financial and operational setup for new grants and contracts, including:
    • Creating internal tracking files and documentation
    • Developing internal budget worksheets
    • Entering grants and contracts into the accounting system
    • Creating customers, projects, or tracking structures as needed
  • Coordinate determination letters and compliance documentation with leadership
  • Ensure grants are integrated into timekeeping, requisition templates, and internal tracking tools

Internal Controls, Compliance & Audit Support
  • Establish, maintain, and monitor strong internal controls, including:
    • Segregation of duties
    • Requisition and purchase approval workflows
    • Expense review and compliance checks
  • Enforce adherence to organizational policies, accounting standards, and funder requirements
  • Support audit preparation by providing reconciliations, schedules, and documentation
  • Assist with compliance related to federal funding and audit requirements
  • Identify risks, control gaps, and opportunities for improvement

Process Improvement, Training & Leadership Support
  • Identify inefficiencies in finance operations and implement process improvements
  • Develop, document, and enforce Standard Operating Procedures (SOPs)
  • Train and onboard finance staff as needed
  • Train program managers on budgeting, invoicing, requisitions, and financial expectations
  • Track and manage key operational deadlines (month-end close, invoicing, reporting)
  • Serve as the primary finance operations lead in the absence of the Director of Finance
  • Communicate operational risks, issues, and improvement opportunities to leadership

Tax, Administrative & Operational Support
  • Prepare and distribute annual tax receipts
  • Manage preparation and issuance of annual information returns (e.g., 1099s)
  • Complete routine bank deposits and required financial forms, including ACH documentation

Qualifications
Required
  • Bachelor's degree in accounting, Finance, Business Administration, or related field.
  • 3-5 years of accounting or finance experience, including lead or supervisory responsibilities
  • Strong knowledge of GAAP, internal controls, and budgeting
  • Advanced Excel or Google Sheets skills
  • Experience managing full accounting cycles, reconciliations, and financial schedules
  • High attention to detail with strong organizational and deadline management skills
  • Experience in a nonprofit or grant-funded environment
  • QuickBooks experience (highly preferred)
  • Experience supporting audits and funder compliance