Accounting Clerk Salary
Median pay for Accounting Clerks in the United States lies in the neighborhood of $15.25 per hour. Cash earnings of Accounting Clerks can occasionally include $4K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $25K to almost $46K. While years of experience and the particular employer impact pay for this group, location is the most influential factor. There are far more female Accounting Clerks who answered the questionnaire than men, making up 86 percent. The majority of workers are highly satisfied with their job. Unfortunately, some people in this line of work are without benefits — one in four lack coverage. On the flip side, a fair number have medical insurance and the larger part receive dental plans. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Accounting Clerk
Accounting clerks generally work in offices, and travel is not required for the job. They must have exceptional knowledge of all ledger accounts, such as accounts payable/receivable, cash, and many others. These clerks may work only with accounts payable/receivable, while others may coordinate various accounts for their companies, and other duties may include working with both customers and vendors.Read More...
Candidates should have excellent customer service skills and close attention to detail in order to succeed in this position. A high school diploma or GED is generally required, and those with at least an associate's degree in accounting and prior work experience may be preferred by some employers. Some companies are willing to train new clerks who have prior education, and some experienced clerks may train new ones in the same manner.
Strong computer skills, including proficiency with Microsoft Office (Word, Excel, PowerPoint, Outlook) and accounting software, are highly beneficial. Applicants should also have interpersonal skills and excellent oral and written communication skills in order to work well on teams. The ability to meet tight deadlines is also important, as the data these clerks prepare is part of their company’s financial statements. Finally, accounting clerks must adhere to all internal audit controls, work closely with internal auditors, understand all Generally Accepted Accounting Principles (GAAP), and stay up-to-date with new accounting principles and regulations.
Accounting Clerk Tasks
- Maintain and make necessary adjustments to records and/or logs such as journals, payroll/ time reports, or property records.
- Verify and reconcile simple bank statements or department records.
- Balance entries and make necessary corrections.
- Sort documents and post debits/credits to proper account .
- Verify amounts and codes on various forms for accuracy.
Common Career Paths for Accounting Clerk
For Accounting Clerks, progressing to an Accounting Manager role may result in a significant raise. On average, an Accounting Manager can earn $61K annually. It is quite typical for Accounting Clerks to transition into roles as Staff Accountants or Accountants, where reported median earnings are $11K and $11K higher per year.
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Popular Employer Salaries for Accounting Clerk
The biggest paychecks can be found at Wal-Mart Stores, Inc — the median salary there is $27K.
Popular Skills for Accounting Clerk
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Account Management, General Ledger Accounting, Banking, and Accounts Receivable are correlated to pay that is above average. Those proficient in Accounts Payable are, more often than not, also skilled in Data Entry and Microsoft Excel.
Pay by Experience Level for Accounting Clerk
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Accounting Clerks — those with more experience do not necessarily bring in higher earnings. Those in the early stages of their career can expect to make around $32K; however, individuals with five to 10 years of experience bring in $34K on average — a distinctly larger sum. For Accounting Clerks, 10 to 20 years of experience on the job amounts to an average salary of $36K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.
Pay Difference by Location
For Accounting Clerks, New York provides a pay rate that is 15 percent greater than the national average. Accounting Clerks will also find cushy salaries in Chicago (+14 percent), Phoenix (+9 percent), Houston (+9 percent), and Austin (+8 percent). San Antonio ranks last in the field for pay, reporting salaries 4 percent below the national average.
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