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Contract Accounting Jobs in Addison, IL (NOW HIRING)

Wipfli LLP

Senior Tax Manager - Construction

Chicago, IL ยท On-site

$151 - $203/hr

Lead complex tax engagements for contractors, developers, and related entities, including multi-state compliance, long-term contract accounting, and entity structuring. * Proactively identify tax ...

Ensono

VP, Global Corporate Controller

Downers Grove, IL ยท On-site

Partner closely with Legal to ensure global regulatory compliance, contract accounting alignment, and risk mitigation. * Proactively identify and remediate deficiencies, ensuring audit readiness at ...

The LaSalle Group

Accounting Manager

Rolling Meadows, IL ยท On-site

$100K - $120K/yr

Contract and pricing strategy support for the executive team * Leadership and development of two direct reports Requirements: * Bachelor's degree in Accounting or Finance; CPA preferred * 5 or more ...

Reliable-Fire-Equipment

Contract Administrator

Alsip, IL ยท On-site

$60 - $95/hr

SUMMARYThe Contract Administrator is responsible for managing the contract/purchase order ... accounting or equivalent professional experience ยท 5+ years' experience in accounting or ...

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All JobsContract Accounting JobsContract Accounting Jobs in Addison, IL

Contract Accounting information

See Addison, IL salary details

$10

$36

$95

How much do contract accounting jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for contract accounting in Addison, IL is $36.15, according to ZipRecruiter salary data. Most workers in this role earn between $21.20 and $36.59 per hour, depending on experience, location, and employer.

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 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 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 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 the most commonly searched types of Accounting jobs in Addison, IL?

The most popular types of Accounting jobs in Addison, IL are:

What job categories do people searching Contract Accounting jobs in Addison, IL look for?

The top searched job categories for Contract Accounting jobs in Addison, IL are:

What cities near Addison, IL are hiring for Contract Accounting jobs?

Cities near Addison, IL with the most Contract Accounting job openings:

Contract Accounting jobs near you
Infographic showing various Contract Accounting job openings in Addison, IL as of August 2026, with employment types broken down into 85% Full Time, 10% Part Time, 1% Temporary, and 4% Contract. Highlights an 86% Physical, 7% Hybrid, and 7% Remote job distribution, with an average salary of $75,202 per year, or $36.2 per hour.

Senior Revenue Accountant

Strata Decision Technology

Chicago, IL

$70K - $90K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 18 days ago

Job description

How You'll Make an Impact:

As a Senior Revenue Accountant at Strata,ย you'llย own critical revenue andย accountsย receivable processes for a rapidly growing financial technology company. Reporting to the Accounting Manager,ย you'llย combine technical accountingย expertiseย with analytical rigor to ensure revenue is recognized accurately under ASC 606, reconciliationsย remainย accurate, and our financial close stays efficient as the business scales. Your work directly supports month-endย close, audit readiness, and business decision-making across Finance, Sales, and Operations.

Why This Role Matters at Strata:

Strataย isย in a growth phase, which means our financial close speed, data accuracy, and revenue recognition rigor directly enable M&A strategy,ย financialย reporting, and operational decisions. This role is the backbone of that-you'llย see the direct impact of your work within weeks.ย 

Core Responsibilities:

Revenue & Contract Accountingย 

  • Evaluate customer contracts and collaborate with Sales to ensure Salesforce opportunities map accurately to company revenue recognition policy and ASC 606 requirementsย 
  • Prepare andย maintainย contract deferred revenue schedules,ย as well asย commission accounting and performance obligation trackingย 
  • Record revenue-related journal entries and resolve revenue recognition inquiries from internal stakeholdersย 
  • Build financial analysis and support materials for revenue audits and accounting reviewsย 

General Ledger & Month-End Closeย 

  • Own reconciliations of balance sheet accounts, particularly accounts receivable, contract assets, deferred revenue, and related accrualsย 
  • Prepare andย maintainย recurring journal entries; coordinate month-end close timeline and deliverablesย 
  • Prepare revenue related disclosures for financial reportingย 
  • Support year-end close acceleration and audit readiness efforts, including documentation compilationย and automation projectsย 

Systems & Data Integrityย 

  • Validate Salesforce-to-NetSuite revenue workflows; escalate system issues and recommend process improvementsย 
  • Review revenue arrangements in NetSuite andย compareย toย revenue arrangementsย to ensure proper revenue recognition within NetSuiteย 

Cross-Functional Collaborationย 

  • Partner withย Enterprise Applicationsย onย system automation and integration workย 
  • Support Sales Ops on subscription billing, contract interpretation, and revenue cycle questionsย 
  • Work with Growth and Payroll on commission workย 
  • Contribute to special projects and ad hoc analysis as assignedย ย 

What We're Looking For:ย 

  • Minimum 3 years in public accounting or a corporate accounting environment with demonstrableย expertiseย in ASC 606 revenue recognition or contract accountingย 
  • Solid foundation in GAAP and comfort with balance sheet accounting (AR, deferred revenue, accruals)ย 
  • Advanced Excelย proficiencyย and familiarity with AI toolsย 
  • Hands-on experience with NetSuite, Salesforce, or similar enterprise systems; comfort learning new tools quicklyย 
  • CPA license, preferredย 
  • Track recordย of spotting inefficiencies and recommending process improvementsย 
  • Experience in SaaS revenue recognition (subscriptions, multi-year contracts, usage-based billing)ย 
  • Experience working in a SOX environmentย 

Estimated Salary Range: $70,000 - $90,000
Actual salary will be determined based on factors including, but not limited to, skill set and level of experience. This salary range is a good faith estimate of base pay. Strata also provides discretionary variable pay programs based on role. In addition, Strata provides a comprehensive benefits package including retirement benefits, health and welfare benefits, paid time off, parental leave, life and accident insurance, and other voluntary and well-being benefits.

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