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KRA & KPI Accounting Sector Introduction...
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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)
Accounting Sector
Accounting Clerk
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Introduction
An Accounting Clerk is a professional who is responsible for maintaining financial records, running reports, and recording a wide range of transactions. Their duties include providing administrative assistance to accountants as well as preparing statements that confirm the accuracy of database information.
Skills and Abilities
Attention to detail:
Attention to detail is a crucial skill for accounting clerks. This is because they are responsible for maintaining the accuracy of financial records. Attention to detail can help you notice errors in data and make corrections before the records are presented to clients.Â
communication:Â
Communication is the ability to convey information to others through both written and verbal means. As an accounting clerk, you may be required to communicate with others in person, over the phone or through email. You may also be required to present information to others verbally, such as during meetings or presentations.
Data entry:Â
Data entry is the process of entering information into a computer system. Accounting clerks often use data entry to record financial transactions. Data entry requires accuracy and speed, so accounting clerks should have fast typing skills and the ability to pay attention to detail.
Organization:Â
Organization is the ability to keep track of multiple tasks and deadlines at once. As an accounting clerk, you’ll be responsible for managing multiple projects at once. Organization skills can help you keep track of all the information you need to complete your tasks.
Job Description
An Account Clerk may work in many fields as accounting is required for all businesses, big and small, and is responsible for helping their companies In some fields, Account Clerks are also known as account handlers and sometimes also act as intermediaries between other departments within an organization to ensure the success of their clients.Â
Job Roles and Responsibilities
- Reconciling company bank accounts to ensure that they match with records of transactions
- Processing invoices by entering purchase orders into accounting software programs
- Preparing reports on financial activities such as payroll, accounts payable, accounts receivable, and cash flow
- Preparing tax forms for individuals or businesses
- Preparing financial statements, such as balance sheets, income statements, and cash flow statements
- Recording business transactions in a ledger using bookkeeping methods such as the cash method or the accrual method
Key Result Areas (KRA)
Key Performance Indicator (KPI)
Sr. No | KRA | KPI |
1 | How many accounts reconciliation for previous payments done for duplication checks | No. of accounts reconciliation for previous payments done for duplication check |
2 | How many petty cash transactions are approved | No. of petty cash transactions are approved |
3 | How many process the transaction on the accounting system to create a record in a month | No. of process, the transaction on the accounting system to create a record in a month |
4 | How many delivery notes and invoices for goods purchased and checked for approval of payment | No. of delivery notes and invoices for goods purchased and checked for approval of payment |
5 | How many signed documents and cheques and contact suppliers to collect their payments executed in a month | No. of signed documents and cheques and contact suppliers to collect their payments executed in a month |
6 | How many records and files of all documents of payments and accurate records of transactions created in a month | No. of records and files of all documents of payments and accurate record of transactions created in a month |
7 | How many cheque requisitions for payment and submission to the Accountant done in a month | No. of cheque requisition for payment and submission to the Accountant done in a month |
Example of KRA VS KPI Mapped in Organisation and Reporting
Sr. No | Reporting by the employee | Reporting by the employee |
1 | How many accounts reconciliation for previous payments done for duplication checks | Accounts reconcilation for previous payments : Yes Done |
2 | How many petty cash transactions are approved | Petty cash transactions : 3 times Done |
3 | How many process the transaction on the accounting system to create a record in a month | Accounting system records in a month : Yes Done |
4 | How many delivery notes and invoices for goods purchased and checked for approval of payment | Delivery notes and invoices for goods purchased : 5 ; Payment Approval 5 |
5 | How many signed documents and cheques and contact suppliers to collect their payments executed in a month | Signed documents and cheques and contact suppliers to collect their payments executed in a month :9 |
6 | How many records and files of all documents of payments and accurate records of transactions created in a month | Record and files of all documents of payments and accurate record of transactions created in a month : 5 |
7 | How many cheque requisitions for payment and submission to the Accountant done in a month | Cheque requisition for payment and submission to the Accountant done in a month :6 |
The work environment for accounting clerks can vary depending on the company. Some accounting clerks may work in a cubicle, while others may have an office. The hours can also vary, but most accounting clerks work during the day. The work is usually very repetitive and can be tedious.
Salary in India
Average salary for an Accounts Clerk in India is 2.2 Lakhs per year, However, the actual figure you get may vary from Organisation to the organization due to many reasons.
Conclusion
A career as an accounting clerk can be a great way to get started in the accounting field. As an accounting clerk, you’ll be responsible for performing basic bookkeeping and accounting tasks, such as entering financial data into journals and ledgers, maintaining accounts receivable and payable records, and preparing invoices. You may also be responsible for reconciling bank statements and other financial reports.
To get a Detailed Overview of the Accounting Sector, Click Here.Â
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