Accounting Clerk Salary
Accounting Clerks in the United States can expect to earn an average of $15.16 per hour. In the world of Accounting Clerks, overall cash allowance can occasionally include more than $4K from bonuses and, in some exceptional cases, $4K from profit sharing, causing incomes to vary widely between $25K and $45K. While years of experience and the individual firm impact pay for this group, geography is the most influential factor. Work is enjoyable for Accounting Clerks, who typically claim high levels of job satisfaction. Among survey respondents, women are more common than men; 85 percent of Accounting Clerks are female. Close to one-fourth of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and a majority claim dental coverage as well. This snapshot results from replies to PayScale's salary survey.
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
Accounting Clerks may experience a large salary bump if they progress into a role such as Accounting Manager. The latter position pays an average of $61K annually. Accounting Clerks most often move into positions as Staff Accountants or Accountants; those groups report median salaries that are $11K higher and $11K higher, respectively.
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Popular Employer Salaries for Accounting Clerk
Wal-Mart Stores, Inc leads the field in terms of pay, with a median salary of $27K.
Popular Skills for Accounting Clerk
Accounting Clerks seem to exploit a large range of skills on the job. Most notably, skills in Account Management, General Ledger Accounting, Banking, and Accounts Receivable are correlated to pay that is above average, with boosts between 3 percent and 5 percent. Most people experienced in Accounts Payable also know 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.
For Accounting Clerks, experience does not seem to be a major factor in determining pay. Salaries for the relatively untried average out to around $32K, but survey participants with five to 10 years of experience earn a significantly higher median of $34K. People with 10 to 20 years of experience make an average of about $36K in this role. Accounting Clerks who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.
Pay Difference by Location
For Accounting Clerks, Chicago provides a pay rate that is 17 percent greater than the national average. Accounting Clerks will also find cushy salaries in New York (+12 percent), Houston (+9 percent), San Diego (+9 percent), and Fort Worth (+7 percent). Trailing the national average by 4 percent, Miami is the market with the smallest paychecks.
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