what is an accounts assistant?
An accounts assistant is a finance professional responsible for supporting an organisation's accounting department in managing daily financial tasks, record-keeping and reporting. This versatile role encompasses various responsibilities, from processing invoices and maintaining financial records to reconciling bank statements and assisting with payroll. As an accounts assistant, you are part of a team working to ensure the company's finances are accurate, up-to-date and compliant with relevant regulations.
You play a crucial role in the financial health of a company by contributing to effective financial management and decision-making. You support senior accountants and financial managers in preparing financial reports, budgets and forecasts. As an accounts assistant, you also liaise with other departments to resolve any financial discrepancies or issues. With a keen eye for detail and strong numerical skills, you help maintain financial control and contribute to the organisation's overall financial strategy.
If a career in finance, working with numbers and playing a vital role in a company's financial success appeals to you, consider becoming an accounts assistant. Continue reading to learn more about the average salary, factors affecting pay, work environment and skills required for this in-demand profession.accounts assistant jobs
average salary of an accounts assistant
According to Payscale, the average salary of an accounts assistant is ₹225,079 a year. This average varies based on experience, location and company size. Entry-level accounts assistants earn around ₹176,676 per annum, while those with several years of experience may earn ₹402,363 or more. Additional qualifications or specialisations also positively impact salary prospects, making it a competitive and rewarding career choice.
factors that affect an accounts assistant’s pay
The salary of an accounts assistant depends on several factors, including experience, qualifications, location and company size. With more experience, you can expect your salary to increase as you take on additional responsibilities and become more proficient in your role. Higher qualifications, such as a master's degree in finance or relevant accounting certifications, also lead to better pay as they demonstrate your expertise in the field.
The location plays a significant role in determining pay scales, as accounts assistants working in metropolitan areas or large cities like Mumbai, Delhi and Bangalore typically command higher salaries. This is due to increased living costs and a higher demand for their skills. Smaller cities or rural areas usually offer lower salaries, but you will typically be subject to lower living expenses and a less competitive job market.
Company size is another factor that influences your salary. Larger corporations and multinational companies generally offer higher salaries compared to small and medium-sized enterprises. However, working for a smaller company can offer more diverse experiences and opportunities for professional growth. Additionally, performance-based bonuses and employer-specific benefits, such as health insurance or retirement plans, contribute to your overall compensation package.
types of accounts assistants
The most common types of accounts assistants include:
- accounts payable assistant: an accounts payable assistant focuses on managing a company's outgoing payments, processing invoices from suppliers and ensuring that payments are made promptly and accurately.
- accounts receivable assistant: an accounts receivable assistant is responsible for managing incoming payments from clients, issuing invoices and ensuring that payments are received on time while maintaining accurate records.
- payroll assistant: a payroll assistant supports the payroll department in calculating employee wages, processing timesheets and ensuring that all deductions, such as taxes and benefits, are accurately applied.
- general ledger assistant: a general ledger assistant is responsible for maintaining the accuracy of a company's general ledger, recording financial transactions and assisting in the preparation of financial statements and reports.
working as an accounts assistant
As an accounts assistant, you enjoy a dynamic work environment with diverse responsibilities, supporting a company's financial operations. Your attention to detail and problem-solving skills will contribute to the company's financial success. Read on to learn more about the duties, work environment and skills required for this rewarding profession.
accounts assistant job description
The specific duties of an accounts assistant include:
- financial record-keeping: accounts assistants are responsible for maintaining accurate and up-to-date financial records, including processing invoices, tracking expenses and updating the general ledger.
- bank reconciliation: you reconcile bank accounts, identify discrepancies and resolve any issues that may arise to ensure the accuracy of bank statements.
- assisting with financial reports: by gathering and analysing financial data, you support the preparation of financial reports, such as profit and loss statements, balance sheets and cash flow statements.
Accounts assistants typically work in office settings, either within a company's finance department or at an accounting firm. Your work environment is generally collaborative, including frequent interaction with colleagues from various departments, senior accountants and financial managers. Attention to detail, strong organisational skills and the ability to multitask are essential qualities for success in this role.
who are your colleagues?
In your role as an accounts assistant, you work with a range of colleagues, including other accounts assistants, senior accountants, financial managers and professionals from other departments, such as HR managers and procurement officers. Your daily interactions may involve liaising with suppliers, clients or financial institutions to resolve any financial discrepancies, discuss payment terms or obtain necessary financial documents.
As part of a finance team, you collaborate with colleagues to maintain financial control, ensure regulatory compliance and support the company's financial strategy. Communication skills and the ability to work effectively as part of a team are essential for success in this role. In addition, you may also collaborate with external auditors to provide necessary financial information and support the auditing process.
Accounts assistants typically work a standard full-time schedule, with regular office hours from Monday to Friday. However, during peak financial periods or to meet deadlines, you may work additional hours or weekends. Some companies offer flexible work arrangements, such as remote work or part-time hours, depending on the organisation's needs and policies.
The job outlook for accounts assistants in India is generally positive, with a steady demand for skilled professionals in various industries. As businesses continue to grow and expand, the need for accounts assistants to support financial operations remains crucial. Opportunities for career progression are available, with accounts assistants potentially moving into senior accounting or financial management positions with experience and additional qualifications.
The growing trend towards digitalisation and automation in finance and accounting also presents new opportunities for accounts assistants to develop expertise in financial software and technology. Staying up to date with industry developments and acquiring relevant certifications can enhance career prospects, making you a more competitive candidate in the job market.
advantages of finding an accounts assistant job through randstad
Finding your accounts assistant job through Randstad provides important advantages such as:
- a wide variety of training and development opportunities
- an experienced contact person to provide help if needed
- a range of opportunities in your area
- get paid on a monthly basis
- temporary and permanent contracts
Want a permanent contract? A temporary job as an accounts assistant is often a stepping stone to an attractive permanent job. Every year, thousands of people earn a permanent contract with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad too!
education and skills
Some of the academic qualifications for accounts assistants include:
- bachelor’s degree: a bachelor's degree in accounting, finance or another related field is typically required for an accounts assistant position. Some employers may accept candidates with a diploma in accounting or finance coupled with relevant work experience.
- certifications: pursuing certifications demonstrates your commitment to professional development. These certifications help you stand out from the competition, leading to higher salaries or more advanced roles.
accounts assistant skills and competencies
Some of the qualities of an accounts assistant include:
- time management: in the fast-paced world of accounting, you must be able to manage your time efficiently and prioritise tasks to meet deadlines. This involves balancing multiple responsibilities, such as processing invoices and reconciling accounts, while ensuring that all work is completed accurately and on time.
- communication skills: you must have strong verbal and written communication skills, as you are often required to interact with various stakeholders, including colleagues, suppliers and clients. Your role involves explaining financial information, discussing discrepancies and providing updates on accounts.
- technical proficiency: familiarity with accounting software, such as Tally, QuickBooks and MS Office applications like Excel, is essential for accounts assistants. These apps enable you to efficiently manage financial data, create reports and analyse financial information.
- numeracy skills: accounts assistants must possess strong numerical skills and the ability to work with financial data accurately. Numeracy is crucial for processing transactions, maintaining records and ensuring financial information is correct.
FAQs about working as an accounts assistant
Here, you will find the answers to the most frequently asked questions about the profession of accounts assistant.
what does an accounts assistant do?
An accounts assistant supports a company's accounting department by managing daily financial tasks, record-keeping and reporting. This includes processing invoices, maintaining financial records, reconciling bank statements and assisting with payroll.
what are the main responsibilities of an accounts assistant in India?
The main responsibilities of an accounts assistant include processing invoices, maintaining financial records, reconciling bank statements, assisting with payroll and supporting the preparation of financial reports.
what qualifications do I need to become an accounts assistant in India?
A bachelor's degree in accounting, finance or another related field is typically required. However, some employers may accept a diploma in accounting or finance with relevant work experience. ACCA, CMA or CA certifications further enhance your career prospects.
is there a demand for accounts assistants?
Yes, there is a steady demand for accounts assistants in various industries, as they play a crucial role in a company's financial success. The job outlook for accounts assistants in India is generally positive.
what soft skills are important for accounts assistants?
Important soft skills for an accounts assistant include strong communication, organisational and problem-solving skills. Attention to detail, the ability to work under pressure and a strong work ethic are also essential.
how do I apply for an accounts assistant vacancy?
Applying for an accounts assistant job is easy: create a Randstad profile and search our job offers for vacancies in your area. Then simply send us your CV and cover letter. Need help with your application? Check out all our job search tips here!