Bookkeeping, Accounting, or Auditing Clerk

Bookkeeping, accounting, and auditing clerks work primarily in office settings, including within the accounting and payroll departments of organizations, to maintain various ledgers, review and deposit checks, and process accounts receivable, accounts payable, expense accounts, and revenue-related accounts.

These clerks may be responsible for analyzing accounts receivable aging reports and informing supervisors regarding delinquent accounts, and a high school diploma or equivalent may be a minimum requirement for this position while relevant experience is also necessary. Some employers may require certification from a college or trade school and provide on-the-job training to new employees. They may report to accountants or CPAs and must be able to use accounting software, such as QuickBooks, and Microsoft Office programs.

Bookkeeping, accounting, and auditing clerks may perform Excel spreadsheet data entry on a regular basis, as well as bank and account reconciliation, and must be able to multitask and pay close attention to detail. They should be able to work with minimal supervision as well as in a team environment, and may respond to questions from customers or internal clients via email or phone. Some may attend regular training classes as required by their employers.

As a Bookkeeping, Accounting, or Auditing Clerk in Singapore with 3-6 years of experience, your main responsibilities include:

• Maintaining financial records and documenting transactions accurately, ensuring compliance with accounting principles. Record financial transactions promptly and accurately to maintain up-to-date and accurate financial records.
• Reconciling accounts receivable and payable, identifying discrepancies or issues and resolving them promptly. Regularly review accounts receivable and payable, identify discrepancies, and take necessary actions to resolve them efficiently.
• Preparing financial statements, including balance sheets, income statements, and cash flow statements. Compile and generate accurate financial statements using the provided data, following the relevant accounting standards.
• Assisting in the preparation for audits and tax filings, providing necessary documentation and ensuring compliance with regulatory requirements.

For a Bookkeeping, Accounting, or Auditing Clerk job role, the following qualifications are required:

• Strong knowledge of accounting principles and practices to accurately record financial transactions and maintain proper documentation.
• Proficiency in using accounting software and spreadsheets to prepare financial statements, balance sheets, and income statements.
• Attention to detail and accuracy to ensure the correct classification and recording of financial data.
• Good analytical skills to identify discrepancies or errors in financial records and make necessary adjustments for reconciliation purposes.

For a Bookkeeping, Accounting, or Auditing Clerk role with 3-6 years of experience in Singapore, there are alternative opportunities worth exploring. Here are following possible options to consider:

• Senior Financial Analyst: Advance to a more strategic role, involving financial planning and analysis, performance measurement, and modeling.
• Cost Accountant: A specialized role focused on understanding costs and profitability within an organization. This position requires analyzing production costs, pricing strategies, and budgeting.
• Tax Specialist: specialize in tax-related duties to provide tax support service to company that includes tax planning and researching, compliance, and tax return filing.
• Financial Reporting Analyst: A position with a broader scope than a Financial Analyst, managing the process of creating reports and disclosures for internal and external stakeholders.

The job role of Bookkeeping, Accounting, or Auditing Clerk in Singapore is expected to witness steady growth in the market. With the increasing complexity of financial reporting requirements and regulations, businesses are inclined towards hiring professionals to manage their financial records effectively. According to a 10-year analysis, the employment opportunities in this field are expected to gradually increase. Moreover, the rising demand for accurate financial information and the incorporation of digital technologies in accounting processes further contribute to the growth of this role. Overall, the future outlook for Bookkeeping, Accounting, or Auditing Clerk positions in Singapore appears promising with numerous employment opportunities anticipated.