Course unitInclude course units

What do I need to study to become an Assistant Accountant?


Displaying all courses

What is an Assistant Accountant?

An Assistant Accountant provides administrative support to senior members of a finance team. They are entry-level finance professionals who handle basic accounting tasks and help to improve the efficiency of the finance department.
Accounting Assistants may work closely with a single senior accountant or as part of a department in a large business or accounting firm.

Assistant Accountants help with monitoring and maintaining their company’s accounting records. Using databases, specialised software and spreadsheets, they input balances and calculate interest on bank accounts, investments and loans. They also aid in reconciling account statements, identifying and investigating discrepancies and generating finance reports.

Other duties of an Assistant Accountant typically include bookkeeping, preparing reports, payroll, general office administration and finalising month- and year-end accounts. During tax reporting periods, Assistant Accountants support the completion of company and client tax returns to comply with government legislation.

What do Assistant Accountants do?

  • Checking invoices and detailing expenditures.
  • Preparing and processing accounts payable and receivable documents.
  • Researching and reporting costs of wages, proposed expenditure, quotes and business expenses.
  • Producing bank reconciliations.
  • Recording standard costs of things like raw materials, incidentals and packaging supplies.
  • Dispatching payments and reconciling accounts.
  • Organising budget allocations.
  • Gathering data and generating reports on operational costs, budgets, inventory adjustments and profit and loss totals.

Career snapshot for Assistant Accountant

  • The average age of working Assistant Accountants is 43.
  • 17.00% of Assistant Accountants are male.
  • 62.90% of Assistant Accountants work full-time and on average they work around 36.6 hours per week.
  • With A Certificate II or III, Assistant Accountants get paid $1,071 per week Before Tax.
  • Unemployment levels are average.
  • In 2015 records showed 126,600 employed Assistant Accountants.
  • The projected growth of the profession is estimated to be in decline with employment numbers around 118,200 by 2020.