Accounting clerk lead vs accountable clerk

The differences between accounting clerks lead and accountable clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an accounting clerk lead and an accountable clerk. Additionally, an accounting clerk lead has an average salary of $70,816, which is higher than the $38,120 average annual salary of an accountable clerk.

The top three skills for an accounting clerk lead include general ledger, HR and GAAP. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Accounting clerk lead vs accountable clerk overview

	Accounting Clerk Lead	Accountable Clerk
Yearly salary	$70,816	$38,120
Hourly rate	$34.05	$18.33
Growth rate	-5%	-5%
Number of jobs	100,886	81,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 41%
Average age	51	51
Years of experience	6	6

What does an accounting clerk lead do?

Accounting Clerk Leads are professionals who are responsible for leading a team of junior-level clerks to maintain a record of a wide range of financial transactions for an organization. These clerks are required to settle and update general ledger accounts by reviewing the month-end process. They are required to develop and implement accounting policies and procedures by following the generally accepted accounting principles (GAAP) to ensure external financial statements and internal management reports. Accounting clerk leads must also coordinate all accounting activities related to internal controls.

What does an accountable clerk do?

The duties of an accountable clerk vary in one's industry of employment. Typically, their responsibilities revolve around overseeing the financial aspects of a company, including revenue and budget. They mostly process payments and income, ensuring accuracy in every detail and transaction. An accountable clerk may also have clerical tasks such as producing progress reports, answering calls and correspondence, coordinating with various department personnel, and maintaining a database of information. Should there be any issues, it is essential to report to a manager right away.

Accounting clerk lead vs accountable clerk salary

Accounting clerks lead and accountable clerks have different pay scales, as shown below.

	Accounting Clerk Lead	Accountable Clerk
Average salary	$70,816	$38,120
Salary range	Between $42,000 And $118,000	Between $29,000 And $49,000
Highest paying City	San Francisco, CA	New Haven, CT
Highest paying state	California	Massachusetts
Best paying company	Square	Wayne County, Michigan
Best paying industry	Manufacturing	Government

Differences between accounting clerk lead and accountable clerk education

There are a few differences between an accounting clerk lead and an accountable clerk in terms of educational background:

	Accounting Clerk Lead	Accountable Clerk
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 41%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounting clerk lead vs accountable clerk demographics

Here are the differences between accounting clerks lead' and accountable clerks' demographics:

	Accounting Clerk Lead	Accountable Clerk
Average age	51	51
Gender ratio	Male, 26.1% Female, 73.9%	Male, 19.1% Female, 80.9%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between accounting clerk lead and accountable clerk duties and responsibilities

Accounting clerk lead example responsibilities.

Manage weekly, monthly, and quarterly accruals and SOX reporting.
Lead the conversion to new trading software that enhance cash management and treasury reporting.
Prepare monthly trust experience reports, including reconciliations of trust contributions and disbursements.
Prepare adjusting journal entries, reconcile general accounts, and conduct bank reconciliations.
Conduct internal control testing and provide controllership operating framework data metrics for SOX compliance.
Establish feasibility of payroll function consolidation from individual facilities to single location, resulting in reduction of headcount and cost savings.

Accountable clerk example responsibilities.

Manage the accurate and timely processing of AP invoices for multiple companies.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Scan incoming A/P, A/R, bank statements, mail, etc.
Review AR aging to ensure compliance.
Process, distribute, and maintain AR invoices.
Review and handle in-clearing reject items (ACH and checks) and process check adjustments.

Accounting clerk lead vs accountable clerk skills

Common accounting clerk lead skills

General Ledger, 13%
HR, 13%
GAAP, 9%
Reconciliations, 9%
Invoice, 5%
Internal Controls, 5%

Common accountable clerk skills

Data Entry, 11%
Financial Reports, 10%
Purchase Orders, 8%
Customer Service, 8%
Process Payroll, 8%
Office Equipment, 4%

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Accounting Clerk Lead
Accounting Clerk Lead vs Accountable Clerk

Updated January 8, 2025

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