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What do I need to study to become an Accounts Clerk?

National Business Institute of Australia

Looking to advance your business career or start your own bookkeeping or BAS agency? This FNS40222 Certificate IV in Accounting and Bookkeeping qualification from National Business Institute of Australia (NBIA) could be an ideal choice.

Accounting and Bookkeeping

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What is an Accounts Clerk?

An Accounts Clerk is in charge of performing a wide range of accounting tasks to support their company or organisation. Duties include reviewing and paying invoices, managing expenses, and verifying and reconciling financial data.
They manage cash flow, assist in setting budgets and liaise with external parties to resolve issues and ensure that the business is in a healthy financial state

It is the responsibility of Accounts Clerks to monitor and maintain their company’s accounting records. Using specialised software, spreadsheets and databases, they enter balances and calculate interest on loans, investments and bank accounts. They must also reconcile account statements, identify and investigate discrepancies and generate financial reports.

What do Accounts Clerks do?

  • Assembling and processing documents regarding accounts payable and receivable.
  • Reconciling accounts and dispatching payments.
  • Calculating and researching the costs of proposed expenditure, wages, quotes and operational expenses.
  • Preparing bank reconciliations.
  • Managing budget allocations.
  • Maintaining records of standard costs and values for things like incidentals, raw materials and packaging supplies.
  • Verifying invoices and summarising expenditures.
  • Compiling data and generating reports on operating costs, inventory adjustments, budgets and profit and loss figures.

Career snapshot for Accounts Clerk

  • The average age of working Accounts Clerks is 43.
  • 17.00% of Accounts Clerks are male.
  • 62.90% of Accounts Clerks work full-time and on average they work around 36.6 hours per week.
  • With A Certificate II or III, Accounts Clerks get paid $1,071 per week Before Tax.
  • Unemployment levels are average.
  • In 2015 records showed 137,400 employed Accounts Clerks.
  • The projected growth of the profession is estimated to be stable with employment numbers around 133,900 by 2020.