Bookkeeping clerks maintain records documenting revenues, losses, tax records, accounts payable, and other important business and financial information. Anytime an organization collects or spends money records detailing these transactions must be kept. Auditing, accounting, and bookkeeping clerks maintain records detailing this important information.
Bookkeeping clerks perform numerous mathematical calculations daily. It is necessary for them to be able to utilize a computer to enter data and perform these calculations. Many different types of bookkeeping clerks can be found in the workforce. Some clerks may specialize in single accounts, while some may keep every record for their organization.
In small businesses, bookkeeping clerks handle all financial record-keeping. They post debits and credits. They produce financial statements. They prepare reports and summaries for managers. Bookkeepers may also prepare bank deposits and verify and balance receipts. They also may handle payroll and make purchases. They might prepare invoices and keep track of overdue accounts.
At bigger organizations, accounting clerks are usually specialists. Their specialties are usually reflected in their title, such as an accounts receivable clerk.
Accountants hired in entry level positions may calculate interest expenses, post expenses and revenue, and total accounts. These accountants also keep an eye on accounts and loans. They may also ensure bills are paid on time.
Accounting clerks with more experience could be assigned to calculate totals, balance, and make sure the amounts in billing vouchers are accurate. These clerks must make sure data listed in accounts are accurate.
How do you prepare for this career?
Financial clerks have usually completed high school while bookkeepers usually must possess an associate’s degree to get a job - often in accounting or business. Although it is often not required, individuals with bachelor's degrees may sometimes find more opportunities. It can also be helpful to have a bookkeeping certification.
How much will I earn?
According to the US Bureau of Labor Statistics, bookkeeping professionals earned a median annual salary of $34,030 in 2010. Those with salaries in the lowest 10 percent earned $21,270 or less, while professionals whose salaries were in the upper 10 percent earned $51,470 or more.
How many jobs are there?
During 2010,there were about 1.9 million bookkeeping professionals employed in various industries and government agencies throughout the United States. Likewise, many specialize in accounting, tax services, and payroll preparation businesses. Nearly 25 percent of bookkeepers were employed part time during 2010.
What is the future outlook for this career?
Job growth for bookkeepers is expected to increase at the same rate as other industries (or about 14 percent) between 2010 and 2020.
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