Bookkeeping, Accounting, and Auditing Clerks

Nature of the Work	[About this section]	Back to Top

Bookkeeping, accounting, and auditing clerks are an organization’s financial recordkeepers. They update and maintain one or more accounting records, including those which tabulate expenditures, receipts, accounts payable and receivable, and profit and loss. They have a wide range of skills and knowledge from full-charge bookkeepers who can maintain an entire company’s books to accounting clerks who handle specific accounts. All of these clerks make numerous computations each day and increasingly must be comfortable using computers to calculate and record data.

In small establishments, bookkeeping clerks handle all financial transactions and recordkeeping. They record all transactions, post debits and credits, produce financial statements, and prepare reports and summaries for supervisors and managers. Bookkeepers also prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to the bank. They also may handle payroll, make purchases, prepare invoices, and keep track of overdue accounts.

In large offices and accounting departments, accounting clerks have more specialized tasks. Their titles often reflect the type of accounting they do, such as accounts payable clerk or accounts receivable clerk. In addition, their responsibilities vary by level of experience. Entry-level accounting clerks post details of transactions, total accounts, and compute interest charges. They also may monitor loans and accounts, to ensure that payments are up to date.

More advanced accounting clerks may total, balance, and reconcile billing vouchers; ensure completeness and accuracy of data on accounts; and code documents, according to company procedures. These workers post transactions in journals and on computer files and update the files when needed. Senior clerks also review computer printouts against manually maintained journals and make necessary corrections. They may review invoices and statements to ensure that all the information appearing on them is accurate and complete, and they may reconcile computer reports with operating reports.

Auditing clerks verify records of transactions posted by other workers. They check figures, postings, and documents to ensure that they are correct, mathematically accurate, and properly coded. They also correct or note errors for accountants or other workers to adjust.

As organizations continue to computerize their financial records, many Bookkeeping, accounting, and auditing clerks are using specialized accounting software on personal computers. With manual posting to general ledgers becoming obsolete, these clerks increasingly are posting charges to accounts on computer spreadsheets and databases. They now enter information from receipts or bills into computers, and the information is then stored either electronically, as computer printouts, or both. The widespread use of computers also has enabled Bookkeeping, accounting, and auditing clerks to take on additional responsibilities, such as payroll, procurement, and billing. Many of these functions require these clerks to write letters, make phone calls to customers or clients, and interact with colleagues. Therefore, good communication skills are becoming increasingly important in the occupation.

Employment	[About this section]	Back to Top

Bookkeeping, accounting, and auditing clerks held about 2 million jobs in 2002. They are found in all industries and at all levels of government, with the most employed in local government and in the accounting, tax preparation, bookkeeping, and payroll services industry. A growing number work for employment services firms, the result of an increase in outsourcing of the occupation. Approximately 1 out of 4 Bookkeeping, accounting, and auditing clerks worked part time in 2002.

Job Outlook	[About this section]	Back to Top

Slower than average growth is expected in the employment of Bookkeeping, accounting, and auditing clerks through 2012. More job openings will stem from replacement needs. Each year, numerous jobs will become available as these clerks transfer to other occupations or leave the labor force. The large size of this occupation ensures plentiful job openings, including many opportunities for temporary and part-time work.

Although a growing economy will result in more financial transactions and other activities that require these clerical workers, the continuing spread of office automation will lift worker productivity and contribute to the stagnant employment growth. In addition, organizations of all sizes will continue to downsize and consolidate various recordkeeping functions, thus reducing the demand for bookkeeping, accounting, and auditing clerks. Specialized clerks will be in much less demand than those who can carry out a wider range of accounting activities. Demand for full-charge bookkeepers is expected to increase, because they are called upon to do much of the work of accountants, as well as perform a wider variety of financial transactions, from payroll to billing. Those with several years of accounting or bookkeeper certification will have the best job prospects.

Sources of Additional Information	[About this section]	Back to Top

For information on the “Certified Bookkeeper” designation, contact

• The American Institute of Professional Bookkeepers, 6001 Montrose Rd., Suite 500, Rockville, MD 20852. Internet: http://www.aipb.org

(See the introductory statement on financial clerks for information on working conditions, training requirements, and earnings.)

OOH ONET Codes	[About this section]	Back to Top

(O*NET 43-3031.00)

Last Modified Date: February 27, 2004

URL: http://www.gov/OCO/

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