What are the responsibilities and job description for the Corporate Accounting & Finance Intern position at Flagstop Car Wash?
Join Flagstop — 2025 Top Workplace Top Workplace for Professional Development (Richmond Times-Dispatch), Fastest-Growing Company (Richmond BizSense), and Top 50 largest car wash companies in the U.S. (Top 100 Conveyor Car Washes).
Are you looking for a fresh opportunity in a fast-paced, exciting environment? We are the official Car Wash of VCU, proud partner of the Richmond Flying Squirrels and Richmond Spiders, and we want YOU to join our dynamic team!
Internship Overview
The Accounting & Finance Intern will gain a deep understanding of the financial operations of a high-growth, multi-site enterprise. You will work within our primary financial systems to ensure accuracy in payroll, vendor relations, and financial reporting. This role is designed for a detail-oriented student looking to master the complexities of retail accounting, tax compliance, and cash flow management.
Key Responsibilities
1. Payroll & Incentive Accounting
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Bonus Verification: Learn to manage monthly and quarterly bonus workbooks, ensuring that performance-based pay for site teams is calculated accurately.
2. Accounts Payable (AP) & Vendor Management
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Full-Cycle AP: Assist in preparing weekly vendor payments, managing purchase orders, and tracking work order expenses through our ledger.
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Compliance & Logistics: Maintain up-to-date vendor records, including the collection of W9s and Certificates of Insurance (COIs) to mitigate company risk.
3. Accounts Receivable (AR) & B2B Accounting
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Fleet Management: Manage the Customer List, applying payments from B2B fleet accounts and corporate partners.
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Guest Financials: Facilitate the release of payments for approved damage claims, guest refunds, and local fundraiser payouts.
4. General Ledger & Month-End Close
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Reconciliation: Work alongside the finance team to reconcile bank statements and balance sheet accounts.
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Cash Flow Forecasting: Participate in the forecasting process for AP bills to ensure the company maintains optimal liquidity.
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Variance Analysis: Assist the CFO in investigating expense and revenue trends, helping to identify "why" a site over-performed or under-performed against its budget.
5. Tax & Regulatory Compliance
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Governmental Filings: Gain exposure to the preparation of Monthly Sales Tax filings, Unemployment Tax reporting, and Workers’ Compensation audits.
Requirements
- Education: Currently pursuing a degree in Accounting, Finance, or Economics.
- Software Skills: Proficiency in Excel (Pivot Tables, VLOOKUPs)
- Numerical Accuracy: A high degree of precision when handling financial data and a "detective" mindset for finding variances.
- Professionalism: Ability to communicate clearly with both vendors and internal department heads.