What does an accounting clerk do?
As an accounting clerk, you will be responsible for performing various day-to-day clerical and administrative tasks in the accounting department of an organization. You will also handle cumulative tasks that will be fully resolved on a long-term basis. An accounting clerk has to add up all transaction details, including types, amounts, and dates. You will be charged with monitoring accounts and making sure that payments are current and coding documents according to your organization's procedures.
Other responsibilities of an accounting clerk
In general, you will take care of the basic office tasks such as bookkeeping, reporting, and the resolution of discrepancies related to the tasks you perform. You will keep a record of business transactions and do data entry from the daily work logs into the general ledger system of the company. The typical duties that will be in your role will also include reconciling bank statements, filing financial records, and maintaining/updating accounting databases. In addition, you will also process backups and much more.
Types of calculations in the role
Things to do with calculating accounts payable, processing bills/budgets, and various other financial records also fall under your role. You will offer support to the accountants and executive staff by carrying out the assigned clerical and accounting tasks. As an accounting clerk, you can work for many types of organizations and companies in the private and public sectors.
What is the average accounting clerk salary?
Salary ranges for accounting clerks can vary widely depending on various crucial factors such as education, certifications, and skills in addition to experience. The average salary of an accounting clerk in the US is $41,563 per year as of May 2022, but the range normally falls between $37,000 and $46,500 per year. The average hourly pay of an accounting clerk is about $17.15 per hour with an entry-level accounting clerk that has less than a year of experience earning approximately $15.49, including tips, overtime, and bonuses.
How to earn more
Pursuing additional education as an accounting clerk can significantly increase your earnings. While the annual entry-level accounting clerk's salary is roughly $40,000, a bachelor's degree holder will earn a median salary of about $69,000 per year. Acquiring a bachelor's degree as an accounting clerk will make you qualified to work as an accountant or accounting manager, thus earning more.
Working as an accounting clerk
Do you wish to become an integral part of an organization? An accounting clerk job will place you right in the midst of where all the financial operations of an organization take place. It will allow you to work in coordination with all the sectors of the company while performing a vital role in clerical accounting.
What is the career outlook for an accounting clerk?
The Bureau of Labor and Statistics projects a 4% decline in accounting clerk positions by 2028, but some states project significant growth in the field. This is due to the advancement of technology and the introduction of software that can do some duties of accounting clerks. However, in the coming decade, some states project that there will be a 6% growth rate for the careers of accountants and auditors.
What education do you need as an accounting clerk?
The minimum education requirements for one to become an accounting clerk is a high school diploma or a General Equivalency Diploma (GED). However, if you want to have better chances for advancement, then getting an associate degree in business or accounting would be a good idea. A bachelor's degree in a related field will make you move quickly to more senior positions. Though an Accounting Clerk might be considered an entry-level position, one can get certifications to help them gain better knowledge and advance in their career. The most popular certifications include:
- Certificate Tax Preparer – You need to have at least 18 credits from a certified university to take this exam and pass it. You are also required to complete ongoing education credits each year.
- Certified Public Bookkeeper (CPB) – You need to have an associate's or bachelor's degree in accounting, 2,000 hours of bookkeeping experience, and pass a four-part exam to achieve this.
- Certified Management Accountant (CMA) – You need to have a relevant bachelor's degree, pass a licensing exam, then keep abreast with continuing education credits.
Accounting clerk skills & competencies
Accounting clerks need several skills and competencies to help them carry out their job efficiently. These are besides the knowledge of basic accounting procedures and using accounting software such as QuickBooks etc. They need these skills to handle their daily responsibilities effectively and stand a chance in career advancement. Some of the skills that you will require to have include:
- Mathematical skills
- Excellent oral and written communication skills
- Time management skills
- Interpersonal skills
- Critical thinking
- Close attention to detail
- Strong computer skills
- Data management skills
- Customer service skills
Working as an accounting clerk can be a fulfilling position for someone interested in working with numbers. Here are answers to frequently asked questions about becoming an accounting clerk.