How to become Accounting Clerk

How to become Accounting Clerk?

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What is an Accounting Clerk?

  • An Accounting Clerk focuses more on the administrative side where they will be handling with day to day transactions and doing bookkeeping tasks.
  • The roles differ depending on the size of the company. A large company assign them to a particular task whereas smaller firms would have more responsibilities.

What are Accounting Clerks job Role?

  • To prepare periodic financial statements, including profit and loss accounts, budgets, cash flows, variance analysis
  • Preparing reports, budgets,
  • Supporting all departments and the management supporting them to making financial decisions.
  • Ensuring spending is kept in line with the budget
  • Provide accounting and clerical support to the accounting department
  • Type accurately, prepare and maintain accounting documents and records
  • Prepare bank deposits, general ledger postings and statements
  • Record Sales and Purchase Invoices, Back Statements, Reconciliation and VAT Returns
  • Daily enter key data of financial transactions in database
  • Research, track and restore accounting or documentation problems and discrepancies
  • Inform management and compile reports/summaries on activity areas

What skills are required for the role of Accounting Clerk?

  • Attention to detail
  • Teamwork
  • Administration
  • Customer Service
  • Mathematics
  • Knowledge on Computerised Accounting
  • Business Knowledge
  • Excellent communication and administrative skills
  • Experience with bank reconciliation and tracking credit card transactions

How do you become an Accounting Clerk?

You will need a degree in the following subjects:

  • Accounting or Business related subjects (BA)
  • Training on Computerised Accounting

What is the Average Salary of Accounting Clerk?

  • Salaries depend on the size of the business, location and type of company. The starting salary for newly graduated students will be £28,000.
  • After completing CIMA qualification (Chartered Institute of Management Accountants) your base salary will be £33,000. The more experienced you are, the higher your pay. Senior Management Accountants earn from £65,000.

How can Future connect Training train you to become Accounting Clerk?

  • Future Connect Training will help you to gain experience in controlling accounts
  • Assessing a businesses situation using Financial Statements
  • Budgeting, forecasting and variance analysis
  • Computing and processing accruals and pre payments
  • Reviewing balance sheet reconciliations
  • Recommending improvements to financial and accounting systems
  • Evaluate the company’s performance using financial data
  • Managing the performance of the assistant accountant