Accounting Clerk

Industry:
Hospitality
Last Updated:
March 10, 2023

Job Description Overview

An Accounting Clerk job description in the Hospitality industry involves various tasks related to maintaining financial records. They work in conjunction with accountants to process financial data, including receipts, invoices and prepare financial statements. An Accounting Clerk also monitors financial transactions and ensures that they are in compliance with regulations and policies. They reconcile accounts and make small corrections as needed.

Apart from handling basic accounting tasks, like Accounts Payable (AP) and Accounts Receivable (AR), they also need to have strong communication and organizational skills. Furthermore, good computer literacy is necessary as they must be able to operate accounting software programs.

Working in a fast-paced environment, an Accounting Clerk must have a sense of prioritization, attention to detail, and must be able to adapt to change quickly. To succeed in this job, one must have a solid understanding of basic accounting principles and be able to handle multiple tasks at once.

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Job Duties and Responsibilities

  • Record financial transactions accurately and timely.
  • Manage accounts payable and receivable.
  • Maintain and reconcile balance sheets and general ledger accounts.
  • Prepare and issue invoices and statements to guests and vendors.
  • Assist with preparing financial reports and statements.
  • Assist with payroll processing and recording staff timekeeping.
  • Ensure compliance with financial regulations and internal policies.
  • Respond to guest and vendor inquiries about financial matters.
  • Assist with budget preparation and forecasting.
  • Collaborate with other departments to support overall financial goals.

Experience and Education Requirements

To become an Accounting Clerk in the Hospitality industry, typically, a high school diploma or equivalent is required. You'll also need to have basic computer skills like using Microsoft Office and experience with accounting software. Employers may prefer candidates with an associate’s degree in accounting or related field, but it's not always required. Experience working in an office environment, especially in accounting or bookkeeping, is an added advantage. As an entry-level job, on-the-job training is given to Accounting Clerks to gain skills in data entry, accounts payable, and accounts receivable. Good communication, attention to detail, and organizational skills are essential as an Accounting Clerk.

Salary Range

As an Accounting Clerk in the Hospitality industry, you can expect to earn an average annual salary of $38,000 to $45,000 in the United States. However, salaries can vary depending on the location, experience, and company size. For instance, in Los Angeles, California, the average salary for an Accounting Clerk in the Hospitality industry is $46,182 per year, which is 21% higher than the national average.

In other countries, the salary range for an Accounting Clerk in the Hospitality industry may differ. For example, in Canada, Accounting Clerks in the Hospitality industry can earn an average salary of CAD 34,568 per year, which is similar to the US salary range.

Sources:

  • PayScale: Accounting Clerk Salary Range (Hospitality Industry) in the United States
  • Indeed: Accounting Clerk salaries in Los Angeles, CA
  • PayScale: Accounting Clerk Salary Range (Hospitality Industry) in Canada

Career Outlook

The career outlook for Accounting Clerks in the hospitality industry looks promising over the next five years. According to the Bureau of Labor Statistics, employment of accounting clerks is expected to grow 6% from 2019 to 2029. With the hospitality industry expected to rebound strongly post-pandemic, Accounting Clerks can look forward to increased job opportunities.

Furthermore, as technology continues to advance, there is a growing demand for Accounting Clerks proficient in accounting software and database management. Those who can adapt to these changes will be highly sought after by employers.

In conclusion, the future looks bright for Accounting Clerks in the hospitality industry. With job growth and technological advancements, there are numerous opportunities for those pursuing this career path.

Frequently Asked Questions (FAQ)

Q: What exactly does an Accounting Clerk do in the Hospitality industry?

A: An Accounting Clerk is responsible for bookkeeping, data entry, and financial record-keeping for hotels, restaurants, and other hospitality businesses.

Q: What qualifications are needed to become an Accounting Clerk in the Hospitality industry?

A: Typically, a high school diploma or equivalent is required. However, a certificate or associate's degree in accounting or hospitality management can be helpful. Basic math and computer skills are a must.

Q: What is the work schedule like for an Accounting Clerk in the Hospitality industry?

A: Accounting Clerks usually work full-time with a typical starting schedule of 9-5, Monday through Friday. However, during high-volume seasons or near tax deadlines, additional hours or weekends may be required.

Q: What kinds of software are commonly used by Accounting Clerks in the Hospitality industry?

A: Accounting Clerks use a variety of proprietary and off-the-shelf software, such as Quickbooks, Sage, and Excel, to manage financial information and generate reports. Knowledge of these programs is a must.

Q: What is the career outlook for Accounting Clerks in the Hospitality industry?

A: Employment of Accounting Clerks is expected to grow at an average rate of 6% through 2029, which is slightly faster than the average rate of growth for all occupations. This growth is due to increased demand for accurate record-keeping and financial analysis in the Hospitality industry.

Cover Letter Example

As an [experience]-year seasoned Accounting Clerk, I am excited to submit my application for the open position in the Hospitality industry. My proficiency and skills in managing accounts and my exceptional attention to detail are traits that will be beneficial to the organization. My extensive experience in accounts payable, accounts receivable, and bookkeeping duties has prepared me for this role. I am familiar with accounting software such as QuickBooks and have great communication and interpersonal skills.

My [qualifications], combined with my ability to manage multiple tasks at once, make me confident that I will be a valuable asset to the organization. I have an analytical mindset and utilize critical thinking skills to identify and resolve any discrepancies promptly. My organizational skills enable me to work efficiently and effectively under pressure. I am an excellent communicator, and I thrive in a team environment. As an ambitious and motivated individual, I am excited to bring my skills and the knowledge I have obtained as an Accounting Clerk to the [organization] in the Hospitality Industry.

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