Accounting Clerk: Career and Salary Facts
Research what it takes to become an accounting clerk. Learn about education requirements, job duties, employment outlook and salary to find out if this is the career for you.
What is an Accounting Clerk?
Accounting clerks are responsible for keeping track of an organization's financial transactions. They use accounting software to record information, and must maintain financial records. As an accounting clerk, you'll need to have an understanding of business finance regulations and different financial software. You may be responsible for tasks such as processing debits and credits, monitoring loans and accounts and coding documents.
Additional information on this career field's entry-level requirements and employment outlook can be found below:
|Education Required||High school diploma or GED; some postsecondary education is preferred|
|Key Responsibilities||Process credits and debits, code transactions, perform audits|
|Job Growth (2018-2028)*||4% decline (for all bookkeeping, auditing and accounting clerks)|
|Average Salary (2018)*||$42,110 (for all bookkeeping, auditing and accounting clerks)|
Source: *U.S. Bureau of Labor Statistics
What Does an Accounting Clerk Do?
Accounting clerks perform basic or advanced financial tasks and may specialize in a specific department in finance. For example, accounts payable clerks manage the bills payable to a company's creditors. Accounts receivable clerks process the payments a company receives for products or services rendered. As an accounting clerk, you must possess knowledge of state and federal regulations that affect business finance. You can expect to use financial software to debit, credit and manage financial transactions. If you obtain an advanced position, you may code transactions, perform statistical analyses or work with financial auditing.
What Education Degree Should I Earn?
According to the U.S. Bureau of Labor Statistics (BLS), most employers require you to have at least some postsecondary education to be hired as an accounting clerk, but it is possible to enter the profession with a high school diploma (www.bls.gov). If you choose to enroll in an associate's degree program, you should consider selecting one that provides a foundation in general education along with a focus in financial management. You can expect to take courses in accounting, business law, finance and ethics. Many educational institutions also offer certification programs, which provide a foundation for entry-level positions.
What Qualifications Will I Need?
You should possess skills in mathematics, technology and communications, as well as attention to detail and a sense of confidentiality, to work as an accounting clerk. In addition, critical thinking, listening and analytical skills play an important role. Employers also prefer you to have previous experience in an office environment and some knowledge of accounting software.
How Much Money Will I Earn?
The BLS reports that bookkeeping, auditing and accounting clerks earned an annual average wage of $42,110 in 2018. To advance in the field, accounting clerks can pursue additional education, such as a bachelor's degree in accounting or finance, and move on to higher paying positions, including a Certified Public Accountant or internal auditor. Employers may also offer accounting positions to employees who learn additional skills or prove their knowledge and abilities on the job.
What Are Some Related Alternative Careers?
Careers that require a high school diploma, with some training preferred, include those of bookkeeping, auditing and financial clerks. Bookkeeping clerks manage an organization's accounts and maintain a record of transactions, credits and debits. On the other hand, auditing clerks check financial records for accuracy. Financial clerks maintain financial records, calculate charges and assist customers.