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Bookkeeping Clerk
Bookkeeping clerks maintain records documenting revenues, losses, tax records, accounts payable, and other important business and financial information. Anytime an organization collects or spends money records detailing these transactions must be kept. Auditing, accounting, and bookkeeping clerks maintain records detailing this important information.
Bookkeeping clerks perform numerous mathematical calculations daily. It is necessary for them to be able to utilize a computer to enter data and perform these calculations. Many different types of bookkeeping clerks can be found in the workforce. Some clerks specialize in single accounts while some keep every record for their organization.
In small businesses, bookkeeping clerks handle all financial recordkeeping. They post debits and credits. They produce financial statements. They prepare reports and summaries for managers. Bookkeepers also prepare bank deposits. They verify and balance receipts. Then they send cash and checks to the bank. They also may handle payroll and make purchases. They might prepare invoices and keep track of overdue accounts.
At bigger organizations, accounting clerks are usually specialists. Their specialties are usually reflected in their title, such as accounts receivable clerk.
Accountants hired in entry level positions usually calculate interest expenses, post expenses and revenue, and total accounts. These accountants also keep an eye on accounts and loans. They may also ensure bills are paid on time.
Accounting clerks with more experience could be assigned to calculate totals, balance, and make sure the amounts in billing vouchers are accurate. These clerks must make sure data listed in accounts are accurate.
How do you prepare for this career?
Financial clerks have usually completed high school while bookkeepers usually must possess an associate’s degree to get a job, often in accounting or business. Although it is often not required, individuals with bachelor's degrees are usually promoted quicker. It is also helpful to have a bookkeeping certification.
How much will I earn?
Bookkeeping professionals with salaries in the 50th percentile made between $24,540-37,780 annually during 2008. The bottom 10th percentile made $19,760 or less while the upper 10th percentile made $46,020 or more annually.
How many jobs are there?
During 2008, 2 million plus bookkeeping professionals worked in various industries and government agencies throughout the United States. Likewise, many specialize in accounting, tax services, and payroll preparation businesses. Increased demand for bookkeepers at employment services companies is also on the rise. Nearly 25 percent of bookkeepers were employed part time during 2008.
What is the future outlook for this career?
Job growth for bookkeepers is expected to increase at the same rate as other industries until 2016. When economic growth increases, and money is circulating throughout the economy, demand for bookkeepers rises. However, because more automated technology is being utilized in different businesses, job growth for bookkeepers is decreasing since one bookkeeper can fulfill multiple responsibilities.
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