How to Become an Accounts Clerk(5 courses)
What do I need to study to become an Accounts Clerk?
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Definition of Accounts Clerk
An Accounts Clerk is in charge of performing a wide range of accounting tasks to support their company or organisation. Duties include reviewing and paying invoices, managing expenses, and verifying and reconciling financial data.
They manage cash flow, assist in setting budgets and liaise with external parties to resolve issues and ensure that the business is in a healthy financial state
It is the responsibility of Accounts Clerks to monitor and maintain their companyâ€™s accounting records. Using specialised software, spreadsheets and databases, they enter balances and calculate interest on loans, investments and bank accounts. They must also reconcile account statements, identify and investigate discrepancies and generate financial reports.
What are the responsibilities of an Accounts Clerk ?
- Assembling and processing documents regarding accounts payable and receivable.
- Reconciling accounts and dispatching payments.
- Calculating and researching the costs of proposed expenditure, wages, quotes and operational expenses.
- Preparing bank reconciliations.
- Managing budget allocations.
- Maintaining records of standard costs and values for things like incidentals, raw materials and packaging supplies.
- Verifying invoices and summarising expenditures.
- Compiling data and generating reports on operating costs, inventory adjustments, budgets and profit and loss figures.
Career Outlook for Accounts Clerk
The average age of people working as is 43 with 17.00% of them being male. 62.90% of are employed full-time and they typically work around 36.6 hours per week.
Unemployment is average and, with A Bachelor Degree or higher, the average Community Worker can earn around $1,071 per week Before Tax. In 2015 there were 137,400 working and the future growth of the profession is predicted to be stable, with numbers around 133,900 in 2020.