Bookkeeping, accounting, and auditing clerks are essential in the day-to-day operations of financial and payments divisions throughout the nation. These specialists frequently collaborate with senior accountants and auditors to assure the accuracy of financial papers, records, and bank reconciliations. Bookkeeping, accounting, and auditing clerks also manage invoicing, costs, paychecks, and other economic transactions daily. Whatever business bookkeeping, accounting, and auditing clerks decide to operate in, there is a common job specification that applies to all. Bookkeeping, accounting clerks' mastery of fundamental accounting concepts is sometimes the greatest critical talent they may have. When collecting and evaluating economic information, every organization will have its own set of regulations and internal bookkeeping systems. Clerks who have a basic awareness of commonly accepted financial reporting and documenting concepts will have a solid base on which to acquire extra abilities relevant to their company's internal accounting systems. Businesses rely on complex bookkeeping technology and finance communication to manage their monetary documentation, thus bookkeeping, accounting, and auditing clerks ought to possess a solid comprehension of information systems.

Eligibility Criteria

• Must possess at least 50% aggregate from a recognized institution in 12th, from any board PUC/CBSE/ICSE/ISC, etc. However, the cut-off margin varies with the selection process of different colleges.
• Should procure a valid score in entrance exams such as GGSIPU CET BBA, AIMA UGAT, CUET, DU JAT, NMIMS-NPAT, etc. Different colleges offer their entrance exams if you don’t have a satisfactory score in JEE or other competitive exams – colleges like NMIMS, Symbiosis International University, XUB, Andhra University, LPU, etc. Every state offers its entrance exam as well.
• One must earn a degree in B.Com/BBA or a Diploma to become a Bookkeeping, Accounting, and Auditing Clerk. This is a basic qualification you must require to enroll in this line of work.
• An M.A in Finance and Accounting can also prove to be helpful while looking for a higher degree and better learning.

Tasks to perform

• Compile information from cash registers, confirm and balance payments, and deliver cash, cheques, or other modes of transaction to banks and arrange bank withdrawals.
• Tax papers and records, employees' reimbursement papers, workplace pension documents, and other government documentation must be completed and submitted.
• Browse computerised accounting reports to get answers to general and account-specific queries.
• To conduct computations and create documentation, use calculators, keyboards, and photocopiers.
• Use computer systems loaded with accountancy applications to capture, retain, and analyse data.

Knowledge required

• Finance and Management – Understanding of corporate governance concepts and procedures, as well as capital industry, finance, and business information monitoring and interpretation.
• Arithmetic Prowess — Being able to evaluate and interpret various mathematical equations and use them to address complex problems in arithmetic, geometry, calculus, and other areas.
• Client and Legitimate Service — Implementation of standards and procedures for the provision of customers and services rendered. This involves identifying customer expectations, meeting product quality requirements, and assessing customer loyalty.
• Secretarial — Experience in technical and administrative tools and methodologies such as note-taking, document and record handling, stenography and annotations, the layout of forms as well as other workplace practices and etymology.
• Computer Application — Understanding the prospects and functioning of circuit boards, processing units, circuits, electrical devices, computer equipment, plus applications and programming.

Skills required

• Rational interpretation – Use of rationality and inference to distinguish the positives and disadvantages of creative improvements, assumptions, or responses to situations.
• Influence — Inspiring and persuading people to change their behavior and support a certain product, brand, or organization to increase sales.
• Surveillance — Entails keeping track of and evaluating your own, other people's, or organizations' results to make changes or take disciplinary measures.
• Time Management — Interacting and switching between different tasks and activities without consuming excess time to provide results.
• Processes Assessment — Entails identifying metrics or indices of service quality as well as the steps required to enhance or change effectiveness concerning the system's objectives.

Job roles offered

Once you procure the required qualifications for becoming Bookkeeping, Accounting, and Auditing Clerk, a myriad of options is open to you. There are multiple projects you can undertake throughout this line of work, and there are many other fields you can branch out to as well.

• Accounts Administrator: Accounts Administrators are in charge of all tax accounting tasks, including bookkeeping and invoicing. Accounts Administrators might consider themselves in management positions in bigger firms by supervising an accounting workforce. This might entail delegating tasks to employees as well as reviewing and instructing personnel. Accounts Administrators have several roles and obligations to fulfill their initial aim of controlling accounts inside a firm. While jobs and tasks may differ throughout businesses, the essential responsibilities remain largely the same. Collecting and confirming bills and submittals for products and commodities is the responsibility of Accounts Administrators. They also make certain that accounts receivable and payable are handled regularly. To complete these activities, they frequently need to communicate with clients and providers. Another key function of an Accounts Administrator is to analyze operations to verify that they conform with existing financial regulations and procedures.
• Managerial Accountant: Management accountants work with both public and private organizations, as well as government bodies. Budget auditors, management accountants, industrial accountants, personal accounting professionals, and commercial accountants are other names for these specialists. One of the characteristics that differentiate a management accountant from other sorts of accountancy occupations, such as public accounting, is the ability to prepare information for use inside a corporation. Lower-level accountants who conduct fundamental bookkeeping activities such as documenting income and expenditure and monitoring tax obligations are frequently supervised by managerial accountants. This data is utilized in the preparation of financial accounts, statements of cash flows, and profit and loss accounts. You could wind up doing these jobs in a smaller company. A management accountant does research to anticipate, estimate, and monitor performances and objectives, and then delivers them to top management to help with investment decision choices. A management accountant can also spot patterns and possibilities for improvements, evaluate and manage risk, plan and finance activities, and oversee and implement conformity.
• Cost Accountant:A cost accountant frequently works in a corporation's finance department to compile financial records including expense analyses and quarterly spending reports. An effective cost accountant possesses the superior analytical abilities required to manage massive volumes of quantitative information to obtain profitability and offer strategies for a firm to reduce expenses. They must also have a great eye for detail to upgrade relevant data into accountancy software applications on a routine basis and notice discrepancies. Some will operate in a public accounting company, while others will handle several customers through their independent practice. A cost accountant should be knowledgeable in computer abilities, database creation, and be able to assist a business in establishing a steady budget within its standards to flourish. Candidates who want a career in cost accounting learn how to manage a company's financial modification, collections, inspection, and research.
• Fund Accountant: The field of fund accounting isn't as well-known as that of a CPA or a corporate accountant. Conversely, these experts concentrate on overseeing the economics of a single fund. Producing annual documents, regulating operations and funds activities, and investment accounting, particularly tracking returns and interests, are all part of their responsibilities. The fund accountant is the primary point of interaction between customers and their business owners, which are usually businesses that specialize in this type of accounting. This means they'll frequently interact with financial managers like a hedge fund manager or fund administrator, as well as fund investors and their employers. This implies that, in addition to their observational talents, they will require skills and experience such as highly motivated and dedicated students, ability to work under pressure, and outstanding attention to detail, as well as comprehensive financial reporting awareness and knowledge to handle all customer needs.
• Certified Public Accountant:Certified Public Accountants keep track of financial data and keep them up to date. They should also be capable of analyzing these accounting statements appropriately. Maintaining total accordance with all provincial and national rules is a component of the general employment contract. Even if it isn't mentioned in the accounting employment contract, CPAs are frequently relied upon to provide expert financial advice to their corporation's leaders or individual customers. They are also crucial in the preparation of tax reports, and several CPAs work as personal tax preparers during tax time. CPAs work full-time for a corporation, a non-profit, or the government in the majority of situations. While particular work qualifications are detailed in the accountant employment contract, there are certain common traits that all CPAs share. CPAs must be meticulous in their work. To be legally compliant, avoid fraudulent activities, and preserve relevant financial statements for their company or customers, they must also learn and use sound accounting procedures.

Career opportunities

Bookkeeping, Accounting, and Auditing Clerks can opt for various fields of work in the companies listed below:

• State Street
• Nike
• Amazon
• Mastercard
• Schneider Electric
• Navi
• Resemble Systems
• Target
• Aditya Birla Group

Colleges offering courses

• Loyola College, Chennai
• Madras Christian College, Chennai
• Chandigarh University, Chandigarh
• Christ University, Bangalore
• Narsee Monjee College of Commerce and Economics, Mumbai
• Parul University, Vadodara
• Symbiosis College of Arts and Commerce, Pune
• Stella Maris College, Chennai
• Jain University, Bangalore