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Accounting clerk lead vs accounting clerk

The differences between accounting clerks lead and accounting 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 accounting clerk. Additionally, an accounting clerk lead has an average salary of $70,816, which is higher than the $38,683 average annual salary of an accounting clerk.

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

Accounting clerk lead vs accounting clerk overview

Accounting Clerk LeadAccounting Clerk
Yearly salary$70,816$38,683
Hourly rate$34.05$18.60
Growth rate-5%-5%
Number of jobs100,886106,969
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 49%
Average age5151
Years of experience66

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 accounting clerk do?

Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored. They validate records and check whether these are updated. They also sort through documents to ensure that they are in their proper storage bins. Aside from document handling, they also help with creating and validating financial statements and bookkeeping. As such, accounting clerks should have a strong background in accounting to manage their tasks better.

Accounting clerk lead vs accounting clerk salary

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

Accounting Clerk LeadAccounting Clerk
Average salary$70,816$38,683
Salary rangeBetween $42,000 And $118,000Between $29,000 And $51,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew York
Best paying companySquareWilson Elser Moskowitz Edelman & Dicker Llp
Best paying industryManufacturingGovernment

Differences between accounting clerk lead and accounting clerk education

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

Accounting Clerk LeadAccounting Clerk
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 49%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting clerk lead vs accounting clerk demographics

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

Accounting Clerk LeadAccounting Clerk
Average age5151
Gender ratioMale, 26.1% Female, 73.9%Male, 20.0% Female, 80.0%
Race ratioBlack 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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounting clerk lead and accounting 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.
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Accounting clerk example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Perform balance sheet reconciliations and resolve open items by notifying employees and vendors of transaction discrepancies.
  • Assist in monthly financial close process by analyzing preliminary departmental expense reports and making necessary adjustments and accruals.
  • Develop a spreadsheet that pulls all data relate to project hours by operation from the ERP system.
  • Process all incoming payments receive via ACH, EFT, or the web; ensure accounts are accurately balance and reconcile.
  • Digitize proof of delivery receipts into ERP system (AS400) serving as an easy backup for employees to verify occurrence.
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Accounting clerk lead vs accounting clerk skills

Common accounting clerk lead skills
  • General Ledger, 13%
  • HR, 13%
  • GAAP, 9%
  • Reconciliations, 9%
  • Invoice, 5%
  • Internal Controls, 5%
Common accounting clerk skills
  • Data Entry, 15%
  • Customer Service, 10%
  • Purchase Orders, 9%
  • Reconciliations, 6%
  • Vendor Invoices, 6%
  • QuickBooks, 3%

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