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Become An Accounting Internship

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Working As An Accounting Internship

  • Getting Information
  • Interacting With Computers
  • Processing Information
  • Documenting/Recording Information
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $53,018

    Average Salary

What Does An Accounting Internship Do

Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy.

Duties

Bookkeeping, accounting, and auditing clerks typically do the following:

  • Use bookkeeping software, online spreadsheets, and databases
  • Enter (post) financial transactions into the appropriate computer software
  • Receive and record cash, checks, and vouchers
  • Put costs (debits) and income (credits) into the software, assigning each to an appropriate account
  • Produce reports, such as balance sheets (costs compared with income), income statements, and totals by account
  • Check for accuracy in figures, postings, and reports
  • Reconcile or note and report any differences they find in the records

The records that bookkeeping, accounting, and auditing clerks work with include expenditures (money spent), receipts (money that comes in), accounts payable (bills to be paid), accounts receivable (invoices, or what other people owe the organization), and profit and loss (a report that shows the organization’s financial health).

Workers in this occupation have a wide range of tasks. Some are full-charge bookkeeping clerks who maintain an entire organization’s books. Others are accounting clerks who handle specific tasks.

These clerks use basic mathematics (adding, subtracting) throughout the day.

Bookkeeping, accounting, and auditing clerks use specialized computer accounting software, spreadsheets, and databases to enter information from receipts or bills. They must be comfortable using computers to record and calculate data.

The widespread use of computers also has enabled bookkeeping, accounting, and auditing clerks to take on additional responsibilities, such as payroll, billing, purchasing (buying), and keeping track of overdue bills. Many of these functions require clerks to communicate with clients.

Bookkeeping clerks, also known as bookkeepers, often are responsible for some or all of an organization’s accounts, known as the general ledger. They record all transactions and post debits (costs) and credits (income).

They also produce financial statements and other reports for supervisors and managers. Bookkeepers prepare bank deposits by compiling data from cashiers, verifying receipts, and sending cash, checks, or other forms of payment to the bank.

In addition, they may handle payroll, make purchases, prepare invoices, and keep track of overdue accounts.

Accounting clerks typically work for larger companies and have more specialized tasks. Their titles, such as accounts payable clerk or accounts receivable clerk, often reflect the type of accounting they do.

The responsibilities of accounting clerks frequently vary by level of experience. Entry-level accounting clerks may post details of transactions (including date, type, and amount), add up accounts, and determine interest charges. They also may monitor loans and accounts to ensure that payments are up to date.

More advanced accounting clerks may add and balance billing vouchers, ensure that account data are complete and accurate, and code documents according to an organization’s procedures.

Auditing clerks check figures, postings, and documents to ensure that they are mathematically accurate and properly coded. They also correct or note errors for accountants or other workers to fix.

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How To Become An Accounting Internship

Most bookkeeping, accounting, and auditing clerks need some postsecondary education and also learn some of their skills on the job. They must have basic math and computer skills, including knowledge of spreadsheets and bookkeeping software.

Education

Employers generally require bookkeeping, accounting, and auditing clerks to have some postsecondary education, particularly coursework in accounting. However, some candidates can be hired with just a high school diploma.

Training

Bookkeeping, accounting, and auditing clerks usually get on-the-job training. Under the guidance of a supervisor or another experienced employee, new clerks learn how to do their tasks, including double-entry bookkeeping. In double-entry bookkeeping, each transaction is entered twice, once as a debit (cost) and once as a credit (income), to ensure that all accounts are balanced.

Some formal classroom training also may be necessary, such as training in specialized computer software. This on-the-job training typically takes around 6 months.

Licenses, Certifications, and Registrations

Some bookkeeping, accounting, and auditing clerks become certified. For those who do not have postsecondary education, certification is a particularly useful way to gain expertise in the field. The Certified Bookkeeper (CB) designation, awarded by the American Institute of Professional Bookkeepers, shows that those who have earned it have the skills and knowledge needed to carry out all bookkeeping tasks, including overseeing payroll and balancing accounts, according to accepted accounting procedures.

For certification, candidates must have at least 2 years of full-time bookkeeping experience or equivalent part-time work, pass a four-part exam, and adhere to a code of ethics.

The National Association of Certified Public Bookkeepers also offers certification. The Uniform Bookkeeper Certification Examination is an online test with 50 multiple-choice questions. Test takers must answer 75 percent of the questions correctly to pass the exam.

Advancement

With appropriate experience and education, some bookkeeping, accounting, and auditing clerks may become accountants or auditors.

Important Qualities

Computer skills. Bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software.

Detail oriented. These clerks are responsible for producing accurate financial records. They must pay attention to detail in order to avoid making errors and recognize errors that others have made.

Integrity. Bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential. It is vital that they keep records transparent and guard against misappropriating an organization’s funds.

Math skills. Bookkeeping, accounting, and auditing clerks deal with numbers daily and should be comfortable with basic arithmetic.

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Accounting Internship Jobs

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Accounting Internship Career Paths

Accounting Internship
Accounting Assistant Staff Accountant Accounting Manager
Accounting Director
11 Yearsyrs
Accountant Senior Accountant
Accounting Manager
8 Yearsyrs
Accounts Payable Clerk Accounts Receivable Specialist
Accounts Receivable Manager
6 Yearsyrs
Accounts Receivable Specialist Accounts Receivable Supervisor Credit Manager
Accounts Receivable/Credit Manager
6 Yearsyrs
Accountant Staff Accountant Accounting Manager
Assistant Controller
6 Yearsyrs
Bookkeeper Auditor Senior Auditor
Audit Manager
6 Yearsyrs
Tax Preparer Accounting Clerk Billing Specialist
Business Office Manager
8 Yearsyrs
Staff Accountant Accounting Manager
Controller
9 Yearsyrs
Finance Analyst Controller
Controller/Office Manager
7 Yearsyrs
Staff Accountant Controller
Corporate Controller
11 Yearsyrs
Analyst Accounts Receivable Specialist Credit And Collections Analyst
Credit And Collection Manager
7 Yearsyrs
Bookkeeper Accounts Payable Clerk Credit Analyst
Credit Manager
5 Yearsyrs
Accounting Clerk Accountant Controller
Finance Controller
9 Yearsyrs
Accounting Assistant Accountant Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Tax Preparer Accounts Payable Clerk Human Resources Coordinator
Office Manager Of Human Resources
7 Yearsyrs
Accounts Payable Clerk Payroll Specialist
Payroll Manager
8 Yearsyrs
Junior Accountant Office Manager Payroll Specialist
Payroll/Human Resource Manager
7 Yearsyrs
Accounting Clerk Accounting Manager
Plant Controller
10 Yearsyrs
Auditor Night Auditor Front Office Manager
Revenue Manager
8 Yearsyrs
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Do you work as an Accounting Internship?

Help others decide if this is a good career for them

Average Length of Employment
Accountant 3.5 years
General Accountant 3.3 years
Accounting Clerk 3.2 years
Staff Accountant 3.0 years
Accounting Analyst 2.8 years
Accounting Staff 2.7 years
Junior Accountant 2.4 years
Top Employers Before
Internship 13.5%
Volunteer 10.0%
Cashier 6.8%
Teller 4.0%
Treasurer 2.7%
Server 2.6%
Tutor 2.4%
Bookkeeper 2.4%
Top Employers After
Accountant 12.2%
Internship 7.3%
Volunteer 4.4%
Bookkeeper 2.9%

Do you work as an Accounting Internship?

Accounting Internship Demographics

Gender

Male

45.5%

Female

44.3%

Unknown

10.3%
Ethnicity

White

49.7%

Asian

25.0%

Hispanic or Latino

12.5%

Black or African American

8.8%

Unknown

4.1%
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Foreign Languages Spoken

Mandarin

21.2%

Chinese

20.6%

Spanish

20.0%

French

7.6%

Cantonese

4.9%

Hindi

3.4%

Japanese

2.8%

Russian

2.6%

Korean

2.5%

Arabic

2.4%

Italian

2.2%

Vietnamese

2.0%

German

2.0%

Urdu

1.3%

Gujarati

1.0%

Portuguese

1.0%

Polish

0.9%

Hebrew

0.6%

Tagalog

0.6%

Albanian

0.5%
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Accounting Internship Education

Schools

DePaul University

9.6%

Fordham University

8.5%

University of Texas at Dallas

7.8%

University of Houston

5.7%

Bentley University

5.6%

University of Illinois at Chicago

5.6%

George Mason University

5.3%

Hofstra University

5.3%

Towson University

4.5%

George Washington University

4.2%

University of Connecticut

4.1%

University of Central Florida

4.0%

State University of New York at Binghamton

4.0%

West Virginia University

3.9%

Pennsylvania State University

3.8%

Southern New Hampshire University

3.6%

Liberty University

3.6%

Iowa State University

3.6%

State University of New York Buffalo

3.5%

Portland State University

3.5%
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Majors

Accounting

57.5%

Business

20.6%

Finance

10.0%

Economics

2.2%

Management

1.8%

Marketing

1.2%

Taxation

0.7%

Law

0.6%

International Business

0.6%

Psychology

0.6%

Business Economics

0.5%

Political Science

0.5%

Human Resources Management

0.5%

Mathematics

0.5%

Management Science

0.5%

Kinesiology

0.4%

Communication

0.4%

Health Care Administration

0.4%

Criminal Justice

0.4%

Supply Chain Management

0.4%
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Degrees

Bachelors

61.0%

Masters

25.3%

Other

7.3%

Associate

4.2%

Certificate

1.2%

Doctorate

0.7%

Diploma

0.2%

License

0.0%
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Part Time
Internship
Temporary

Real Accounting Internship Salaries

Job Title Company Location Start Date Salary
Accounting Intern Hubert, Wicker & Gent LLP Addison, TX Oct 01, 2012 $49,796 -
$57,831
Accounting Intern Hubert, Wicker & Gent LLP Addison, TX Oct 01, 2012 $45,914 -
$57,831
Accounting Intern Sanford, Baumeister & Frazier, PLLC Fort Worth, TX Oct 01, 2010 $41,746
Accounting Intern Sanford, Baumeister & Frazier, PLLC Fort Worth, TX Dec 12, 2010 $41,746
Accounting Intern The Wheel-Source, Inc. Rockwall, TX Sep 05, 2014 $31,305
Accounting Intern Hubert, Wicker & Gent LLP Addison, TX Oct 01, 2012 $31,000 -
$36,000

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Top Skills for An Accounting Internship

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  1. Financial Statements
  2. Journal Entries
  3. Payroll
You can check out examples of real life uses of top skills on resumes here:
  • Assisted controllers in preparing and analyzing financial statements on a daily basis in an effort to provide timely information to management.
  • Compile and analyze financial information for Journal Entries into General ledger
  • Implemented bank reconciliations and performed payroll duties.
  • Conducted various bank reconciliations for different clients and performed quarterly bookkeeping reports using QuickBooks and Engagement CS
  • Prepare individual tax returns and accounting for various small local businesses

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Top Accounting Internship Employers

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