In simplest terms, computer accounting specialists produce financial records for organizations. Specifically, these individuals use specialized software to perform duties like calculating accounts payable and receivable, preparing invoices, and running reports. This specialized software is used in order to reduce the meticulous work involved in manual recordkeeping and financial data management.
What are the different Career Paths in Computer Accounting?
While there are several paths within the field of computer accounting, all are recommended to have a postsecondary education. Computer accounting specialists have three common career roles including bookkeeping, accounting, and auditing clerks.
Bookkeeping: Also known as a general ledger, a bookkeeper is responsible for an organization’s accounts and business transactions. Bookkeepers typically work in small to medium size businesses and while their duties may differ from each organization, some include billing, purchasing, payroll, accounts payable and accounts receivable. Bookkeepers use software such as QuickBooks and Intuit in order to make their work accurate and efficient. In most cases, a bookkeeper will report to an accountant or a small business owner. In other cases, the small business owner will serve as the bookkeeper themselves.
Accountant Clerk: Some may confuse account clerks with bookkeepers because they have similar credentials, however the two positions are actually quite different. While bookkeepers record all transactions within a smaller organization, an accountant clerk is situated within a team of other clerks in a mid-large size organization. The other main difference is that account clerks specialize in recording only one of the following: billing, purchasing, payroll, accounts payable, or accounts receivable. In most cases, accountant clerks report to accountants or CPA’s. While the positions have differing roles, they do, however, both require the use of specialized accounting software.
Auditing Clerk: An auditing clerk is responsible for checking the accuracy of financial records. The job entails sifting through an organization’s financial documents, databases, and spreadsheets in order to make sure everything adds up. These individuals use software to make the process efficient and fast. Computer skills, attention to detail, and problem solving are critical of an auditing clerk. If there is a major discrepancy, it is the auditing clerk’s job to resolve the issue and report back to the accountant.
Why should I become a computer accounting specialist?
If you enjoy working with numbers and solving problems, this career field could be right for you. Under the heading of Bookkeeping, Accounting, and Auditing Clerks, the U.S. Bureau of Labor Statistics states that “Because bookkeeping, accounting, and auditing clerks make up a large occupation, there will be a large number of job openings from workers leaving the occupation. Thus, opportunities to enter the occupation should be plentiful. In addition, the job security of computer accounting specialists remains constant, because businesses will always need their financials intact. No organization can go without bookkeeping, auditing, or accounting.
Where do computer accounting specialists work?
With training in business accounting, many students go on to work in finance & insurance; wholesale trade; health care & social assistance; retail trade; and the professional, scientific & technical services.
How much do computer accounting specialists earn?
According to the U.S. Bureau of Labor Statistics, Bookkeeping, Accounting, and Auditing Clerks earn a median salary of $38,390 per year. The top 10% of earners in these careers can make more than $59,630 annually.