How to Become an Accounts Clerk in Australia: careers in Finance

Accounts Clerks play a vital role in the financial operations of an organisation, ensuring that all monetary transactions are accurately recorded and processed. They are responsible for monitoring creditor and debtor accounts, preparing documentation, and reconciling financial records. This position requires a keen eye for detail and a strong understanding of accounting principles, making it essential for maintaining the financial health of a business.

• Preparing and processing documentation related to accounts payable and receivable – This involves creating and managing invoices, ensuring timely payments, and maintaining accurate records.
• Reconciling invoices and dispatching payments – Accounts Clerks verify that invoices match purchase orders and ensure that payments are made accurately and on time.
• Calculating, analysing, and investigating the costs of proposed expenditure, wages, and standard costs – This task includes assessing financial data to support budgeting and forecasting activities.
• Preparing bank reconciliations – Accounts Clerks ensure that the company’s financial records align with bank statements, identifying any discrepancies that need to be addressed.
• Allocating expenditure to specified budget accounts – This involves categorising expenses to ensure they are charged to the correct accounts for accurate financial reporting.
• Summarising expenditure and receipts – Accounts Clerks compile financial data to provide a clear overview of the company’s financial activities.
• Preparing records of standard costs and values for items such as raw materials and packaging supplies – This task helps in maintaining accurate inventory and cost management.
• Recording cost variations and contract price movements – Accounts Clerks track changes in costs to ensure that financial records reflect current pricing.
• Compiling cost data for preparation of operating budgets and profit and loss calculations – This involves gathering and analysing financial data to support strategic planning.
• Investigating the costs of proposed expenditures, quotations, and estimates – Accounts Clerks assess potential costs to inform decision-making processes.
• Preparing reports of total costs, inventory adjustments, selling prices, and profits – This task involves generating financial reports that provide insights into the company’s performance.
• May work in a call centre – Some Accounts Clerks may also handle customer inquiries related to accounts and payments.