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What is a General Accounts Assistant?

A General Accounts Assistant provides support to the senior staff of a finance team. They are entry-level finance professionals who carry out basic accounting and clerical duties, helping to increase the efficiency of the accounts department.
General Accounts Assistants may work with a single senior accountant or as part of a team in an accounting firm or large business.

General Accounts Assistants aid with checking and managing their company’s general ledger and accounting records. Using spreadsheets, specialised software and databases, they update balances and calculate returns and interest on investments, accounts and loans. They also help with reconciling accounts, identifying and diagnosing discrepancies and preparing finance reports.

Other tasks carried out by a General Accounts Assistant typically include preparing reports, bookkeeping, general office administration, payroll, and finalising year- and month-end accounts. General Accounts Assistants also support the completion and lodgement of company and client tax returns in compliance with government legislation.

What do General Accounts Assistants do?

  • Verifying accuracy of invoices and outlining expenditures.
  • Arranging and processing accounts receivable and payable documents.
  • Researching and calculating proposed expenditures, costs of wages, quotes and business expenses.
  • Producing and lodging bank reconciliations.
  • Keeping records of regular expenses like office and packaging supplies, raw materials and incidentals.
  • Lodging and recording payments and reconciling accounts.
  • Managing budget assignment.
  • Collating data and preparing reports on budget performance, operational costs, inventory levels and profit and loss totals.

Career snapshot for General Accounts Assistant

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