Employment Outlook

Accounts Assistant

An Accounts Assistant will help a financial practitioner with the process of identifying, recording, measuring, classifying, verifying, and communicating financial information. This might include assets, liabilities, income and expenditures. They might also work with payroll, taxation, accounts payable, accounts receivable and financial reporting. 

 

Average wage for

Employment Levels

Around 51,800 people are currently employed as Accounts Assistants in Australia. This is set to increase slightly to 53,500 people by 2019, according to the Department of Employment.

Employment by State

37.6% of all Accounts Assistants are employed in NSW. The area with the lowest number of Accounts Assistants is TAS, with only 0.9%.

Gender Split

This is a very male dominated industry with 61% of Accounts Assistants being male and 39% female.

Age Brackets

The most popular age for people working as Accounts Assistants is 35-44 years old, with 37.7%. A small percentage (3%) of people get into this career path older, aged 65 and over. There is also a number of people who enjoy a career as Accounts Assistants, with 8.3% aged 55-59.

Hours Worked

Accounts Assistants work an average of 42.9 hours a week which is 2 hours higher than the average for all occupations.

Education Level

The majority of Accounts Assistants have a Bachelor Degree qualification (46.5%) or are at a Post Graduate/ Graduate Diploma or Graduate Certificate level (22.8%). 89.7% of people have a Cert III or higher, whilst 10.3% have a qualification which is Year 12 or lower.

Accounts Assistant Duties & Tasks

Preparing and processing documentation related to accounts payable and receivable

Reconciling invoices and despatching payments

Calculating, analysing and investigating the costs of proposed expenditure, wages and standard costs

Preparing bank reconciliations

Allocating expenditure to specified budget accounts

Summarising expenditure and receipts

Preparing records of standard costs and values for items such as raw materials and packaging supplies

Recording cost variations and contract price movements

Compiling cost data for preparation of operating budgets, and profit and loss calculations

Investigating the costs of proposed expenditures, quotations and estimates

Preparing reports of total costs, inventory adjustments, selling prices and profits

May work in a call centre

 

 

*The information provided on this page is from the Department of Employment’s Job Outlook website. All salary ranges are from Payscale. Where jobs are not exact matches, job areas have been used. This information is to be used as a guide only. 

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