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Accounting clerk lead vs senior accounting clerk

The differences between accounting clerks lead and senior 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 a senior accounting clerk. Additionally, an accounting clerk lead has an average salary of $70,816, which is higher than the $46,531 average annual salary of a senior accounting clerk.

The top three skills for an accounting clerk lead include general ledger, HR and GAAP. The most important skills for a senior accounting clerk are data entry, general ledger accounts, and reconciliations.

Accounting clerk lead vs senior accounting clerk overview

Accounting Clerk LeadSenior Accounting Clerk
Yearly salary$70,816$46,531
Hourly rate$34.05$22.37
Growth rate-5%-5%
Number of jobs100,88682,627
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 47%
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 a senior accounting clerk do?

Senior Accounting Clerks lead in a complex set of work staff and are responsible for performing governmental fund accounting that involves reporting and financial record keeping. They are responsible for resolving discrepancies, verifying and auditing financial reports, and inputting data into their financial accounting system. They must know methods of verifying and reconciling accounting records, accounts payable and receivable, and how to familiarize themselves with their firm's financial accounting software. They must also be skilled in handling large sums of cash with integrity and making manual arithmetical calculations with speed and accuracy.

Accounting clerk lead vs senior accounting clerk salary

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

Accounting Clerk LeadSenior Accounting Clerk
Average salary$70,816$46,531
Salary rangeBetween $42,000 And $118,000Between $33,000 And $64,000
Highest paying CitySan Francisco, CASan Jose, CA
Highest paying stateCaliforniaCalifornia
Best paying companySquareEncore Capital Group
Best paying industryManufacturingFinance

Differences between accounting clerk lead and senior accounting clerk education

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

Accounting Clerk LeadSenior Accounting Clerk
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 47%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting clerk lead vs senior accounting clerk demographics

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

Accounting Clerk LeadSenior Accounting Clerk
Average age5151
Gender ratioMale, 26.1% Female, 73.9%Male, 18.0% Female, 82.0%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounting clerk lead and senior 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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Senior accounting clerk example responsibilities.

  • Manage payroll general ledger accounts including account reconciliations and monthly accruals.
  • Implement premium accounting statistical reports of all monies collect, including return items and general accounting from bank reconciliations.
  • Process ACH payments in accordance with company deadlines.
  • Cross train on many functions within the ACH department.
  • Monitor and clear holding accounts daily using PeopleSoft; prepare journals as necessary.
  • Assist with monthly, quarterly, and yearly closing processes, including accruals.
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Accounting clerk lead vs senior accounting clerk skills

Common accounting clerk lead skills
  • General Ledger, 13%
  • HR, 13%
  • GAAP, 9%
  • Reconciliations, 9%
  • Invoice, 5%
  • Internal Controls, 5%
Common senior accounting clerk skills
  • Data Entry, 10%
  • General Ledger Accounts, 9%
  • Reconciliations, 8%
  • Senior Accounting, 7%
  • Purchase Orders, 7%
  • Credit Card Payments, 5%

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