Entry Level Accounting Overview Entry Level Accountants are directly responsible for producing a variety of financial ...
Entry Level Accounting Overview
Entry Level Accountants are directly responsible for producing a variety of financial documents as well as recording the expenses and revenues of a company. Their primary task is recording all of the various financial transactions that occur during the normal course of business, updating financial statements and checking various financial records for accuracy.
Entry Level Accounting Education Requirements
While a high school diploma is the minimum requirement for most Entry Level Accounting jobs, many looking to find employment with larger corporations or planning to advance their careers beyond basic accounting will opt for getting a bachelor's degree in accounting. Candidates will need solid reading and math skills along with on-the-job training to perform the tasks associated with recording various financial transactions. They will also need to be able to use computers efficiently as most accounting functions are now recorded in specialized accounting software applications. Specialized knowledge of spreadsheet applications is a plus in this profession.
Entry Level Accountants who earn advanced degrees can move into more specialized roles such as financial planning and analysis or auditing, and they can become Certified Public Accountants with experience.
Entry Level Accounting Job Market
Jobs statistics estimate that there are approximately 1.8 million people employed in this field, with job opportunities available nationally. It is currently estimated that the demand for Entry Level Accountants will rise approximately 9 percent over the next 10 years, which would keep pace with current job market trends. Similar entry level positions would include Entry Level Tax Preparers.
Entry Level Accounting Salary
The average median salary for Entry Level Accounting jobs is $35,170. Those with advanced degrees will earn larger salaries than those with just a high school education. Additionally, those working for larger corporations can expect to earn more than accountants working for smaller firms.