Description
Accounting and related clerks calculate, prepare and process bills, invoices, accounts payable and receivable, budgets and other financial records according to established procedures. They are employed throughout the private and public sectors.
Job Titles
- Accounting clerk
- Accounts payable clerk
- Accounts receivable clerk
- Audit clerk
- Billing clerk
- Budget clerk
- Costing clerk
- Deposit clerk
- Finance clerk
- Freight-rate clerk
- Income tax return preparer
- Invoice clerk
- Ledger clerk
- Tax clerk
Main Duties
- Calculate, prepare and issue documents related to accounts such as bills, invoices, inventory reports, account statements and other financial statements using computerized and manual systems
- Code, total, batch, enter, verify and reconcile transactions such as accounts payable and receivable, payroll, purchase orders, cheques, invoices, cheque requisitions, and bank statements in a ledger or computer system
- Compile budget data and documents based on estimated revenues and expenses and previous budgets
- Prepare period or cost statements or reports
- Calculate costs of materials, overhead and other expenses based on estimates, quotations, and price lists
- Respond to customer inquiries, maintain good customer relations and solve problems
- Perform related clerical duties, such as word processing, maintaining filing and record systems, faxing and photocopying.
Workplaces
- Establishments throughout the private and public sector
Skills
- Management of Financial Resources
- Numeracy
- Oral Communication: Active Listening
- Oral Communication: Oral Comprehension
- Problem Solving
Abilities
- Mathematical Reasoning
- Numerical Ability
- Information Ordering
- Memorizing
- Near Vision
Personal Attributes
- Attention to Detail
- Analytical Thinking
- Collaboration
- Independence
- Active Learning
Similar Occupations
- Financial auditors and accountants (11100)
- Supervisors, finance and insurance office workers (12011)
- Accounting technicians and bookkeepers (12200)
- Payroll administrators (13102)
- Banking, insurance and other financial clerks (14201)
- Collection clerks (14202)
Source: OaSIS
Employment Outlook
The employment outlook will be moderate for Accounting and related clerks (14200) in Prince Edward Island for the 2022-2024 period.
The following factors contributed to this outlook:
- Employment growth will lead to a moderate number of new positions.
- A moderate number of positions will become available due to retirements.
- There are a moderate number of unemployed workers with recent experience in this occupation.
The demand for workers in this occupation is influenced by economic conditions and business activity The Island economy is projected to moderate over the forecast period and should result in job opportunities.
Accounting and related clerks can be employed across a variety of industries. However, most employers for this occupation can be found in the accounting, tax preparation, book keeping and payroll services subsectors, working in independent accounting, payroll or consulting firms and other financial institutions, like banks.
Future job opportunities will continue to be moderated by improvements in computer-based technology and the increasing usage of accounting and taxation software. Given the relatively older age profile of this occupational group, job opportunities will arise from the need to replace workers who retire. Staff turnover will also create employment opportunities as some clerks obtain additional training and progress to professional accounting occupations.
Those willing to work overtime and on weekends during tax season and at the end of financial reporting periods will have better job prospects.
Here are some key facts about Accounting and related clerks in Prince Edward Island:
- Approximately 550 people work in this occupation.
- Accounting and related clerks mainly work in the following sectors:
- Federal government public administration (NAICS 911): 21%
- Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 15%
- Other retail stores (NAICS 44-45, except 445): 11%
- Construction (NAICS 23): 10%
- Provincial and territorial public administration (NAICS 912): 6%
- The distribution of full-time and part-time workers in this occupation is:
- Full-time workers: 91% compared to 84% for all occupations
- Part-time workers: 9% compared to 16% for all occupations
- 65% of accounting and related clerks work all year, while 35% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 44 weeks compared to 41 weeks for all occupations.
- Less than 5% of accounting and related clerks are self-employed compared to an average of 13% for all occupations.
- The gender distribution of people in this occupation is:
- Men: 20% compared to 51% for all occupations
- Women: 80% compared to 49% for all occupations
- The educational attainment of workers in this occupation is:
- no high school diploma: less than 5% compared to 11% for all occupations
- high school diploma or equivalent: 30% compared to 28% for all occupations
- apprenticeship or trades certificate or diploma: less than 5% compared to 11% for all occupations
- college certificate or diploma or university certificate below bachelor’s: 46% compared to 25% for all occupations
- bachelor’s degree: 17% compared to 17% for all occupations
- university certificate, degree or diploma above bachelor level: less than 5% compared to 8% for all occupations
Source: Job Bank
Prevailing Wages
| AREA | LOW | MEDIAN | HIGH |
|---|---|---|---|
| PEI | $17.95 | $25.60 | $36.92 |
| Canada | $17.00 | $23.53 | $34.62 |
Training
| TRAINING PROGRAM | INSTITUTION | CREDENTIAL |
|---|---|---|
| Accounting Clerk (bilingual option) | Collège de l’Île | Certificate |
| Certificate in Accounting | UPEI | Certificate |
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