Financial Data Entry Clerk in Massachusetts Career Overview

As a Financial Data Entry Clerk, you play a fundamental role within the financial sector, ensuring accurate and timely input of financial data into various systems. Your responsibilities primarily involve:

  • Data Input: You are tasked with entering financial transactions, including invoices, receipts, and payment information into databases or accounting software, contributing to the overall financial health of the organization.

  • Data Verification: Accuracy is paramount in your role; you must verify that the data entered aligns correctly with the source documents to maintain the integrity of financial records.

  • Record Maintenance: You help maintain organized and up-to-date financial records, facilitating easy access for audits, reports, and other financial analyses.

  • Collaboration: You'll often work alongside accountants and financial analysts, providing them with the necessary data they need to make informed decisions and perform financial evaluations.

  • Reporting Assistance: Your work aids in the preparation of financial reports and summaries, supporting your organization’s financial planning and compliance efforts.

The financial data entry function is essential not only for day-to-day operational efficiency but also for the strategic oversight of financial resources within the organization. Your role forms the backbone of financial documentation, directly affecting reporting accuracy and organizational finance management.

Financial Data Entry Clerk Salary in Massachusetts

Annual Median: $54,890
Hourly Median: $26.39

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Financial Data Entry Clerk in Massachusetts

To become a Financial Data Entry Clerk in Massachusetts, you will need to pursue specific educational qualifications and training programs that provide a foundation in finance and data management. Consider the following college degree programs:

  • Accounting: A degree in Accounting equips you with essential knowledge in financial reporting, auditing, and taxation. This program will help you understand the principles of accounting, which is beneficial for managing financial data accurately.

  • Accounting Technology and Bookkeeping: This program focuses on the practical applications of accounting principles, particularly in bookkeeping and financial record-keeping. You'll learn about software tools used for data entry and tracking financial transactions.

  • Data Entry and Microcomputer Applications: This degree emphasizes the skills needed for efficient data entry and the use of microcomputer applications. It includes training in typing, database management, and specific software commonly used in data entry tasks.

  • Data Processing Technology: A program in Data Processing Technology prepares you for roles involving the management and processing of data. You'll acquire knowledge of information systems and the technology used to process financial information effectively.

  • Management Information Systems: This degree combines business and technology, providing insight into how information systems support business operations. Understanding the management of data systems will enhance your ability to work with financial data effectively.

Completing one of these programs will give you a solid foundation to begin your career as a Financial Data Entry Clerk.

Best Schools to become a Financial Data Entry Clerk in Massachusetts 2024

#1Salt Lake County

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935
#2Merrimack County

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091
#3Broward County

Broward College

Fort Lauderdale, FL

In-State Tuition:$1,968
Out-of-State Tuition:$7,402
Admission Rate:N/A
Graduation Rate:35%
Total Enrollment:30,057
#4New York County

CUNY Bernard M Baruch College

New York, NY

In-State Tuition:$6,930
Out-of-State Tuition:$14,880
Admission Rate:50%
Graduation Rate:74%
Total Enrollment:19,854
#5Marion County

Ivy Tech Community College

Indianapolis, IN

In-State Tuition:$4,487
Out-of-State Tuition:$8,777
Admission Rate:N/A
Graduation Rate:31%
Total Enrollment:89,705
#6Maricopa County

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891
Financial Data Entry Clerk Job Description:
  • Compute, classify, and record numerical data to keep financial records complete.
  • Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records.
  • May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

Financial Data Entry Clerk Required Skills and Competencies in Massachusetts

  • Attention to Detail: You must have a keen eye for accuracy to ensure that all financial data is entered correctly, as even minor errors can lead to significant discrepancies.

  • Data Entry Proficiency: Competence with data entry software and spreadsheets is essential. Familiarity with accounting software can enhance your efficiency in processing financial information.

  • Time Management: You will need to manage your time effectively to meet deadlines and ensure that all tasks are completed in a timely manner, especially during peak reporting periods.

  • Organizational Skills: Strong organizational skills help you maintain accurate records, prioritize tasks, and manage multiple entries simultaneously without losing track.

  • Numerical Literacy: A strong comfort level with numbers and basic mathematical concepts is necessary to understand and verify financial data.

  • Problem-Solving Skills: You should be adept at identifying discrepancies in data and resolving issues quickly and efficiently, ensuring data integrity is maintained.

  • Communication Skills: Effective verbal and written communication skills are important for collaborating with colleagues and reporting findings as needed.

  • Confidentiality: Understanding the importance of confidentiality and being able to handle sensitive financial information responsibly is vital in this role.

  • Adaptability: You should be open to learning new software and staying updated with any changes in data entry processes or financial regulations that affect your work.

  • Computer Literacy: Proficiency in using various computer applications, including word processing and spreadsheet tools, is necessary to perform your duties efficiently.

Job Duties for Financial Data Entry Clerks

  • Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.

  • Comply with federal, state, and company policies, procedures, and regulations.

  • Operate computers programmed with accounting software to record, store, and analyze information.

Technologies and Skills Used by Financial Data Entry Clerks

Accounting software

  • Intuit QuickBooks
  • Sage 50 Accounting

Cloud-based data access and sharing software

  • Dropbox
  • Microsoft SharePoint

Enterprise resource planning ERP software

  • Microsoft Dynamics
  • SAP software

Basic Skills

  • Listening to others, not interrupting, and asking good questions
  • Using math to solve problems

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Financial Data Entry Clerk in Massachusetts

The current job market for Financial Data Entry Clerks in Massachusetts presents several notable characteristics:

  • Demand: There is a steady demand for Financial Data Entry Clerks across various industries, including finance, healthcare, retail, and manufacturing. As companies increasingly rely on data to inform their financial decisions, the need for accurate data entry continues to grow.

  • Growth Potential: The role of Financial Data Entry Clerk is expected to remain stable due to the ongoing need for financial management and data accuracy. Many organizations are also looking for clerks who can adapt to evolving technologies, which might open doors for advancement into more analytical or data-focused positions.

  • Geographical Hotspots: Certain areas within Massachusetts show heightened activity for this role:

    • Boston: As the hub of finance and technology, Boston offers numerous opportunities for Financial Data Entry Clerks in various firms, including banks, investment companies, and tech startups focused on financial services.
    • Cambridge: Emergence of biotech firms and startups leads to increased roles for clerks engaged in financial record maintenance and compliance.
    • Worcester: This area has seen growth in manufacturing and healthcare sectors, contributing to the demand for data entry professionals.
    • Springfield: Known for its insurance companies and healthcare providers, Springfield presents opportunities for those skilled in financial data management.

As you explore the job market, consider this landscape of demand and growth locations as a guide for where your skills may find the best fit in Massachusetts.

Top Related Careers to Financial Data Entry Clerk 2024

Financial Records Specialist
Ledger Verification Clerk
Payroll Processing Clerk
Billing and Invoicing Specialist

Additional Resources To Help You Become a Financial Data Entry Clerk in Massachusetts

  • U.S. Bureau of Labor Statistics (BLS)

    • Description: The BLS provides detailed information on job outlook, salary statistics, and requirements for various occupations, including financial data entry clerks.
    • Link: Bureau of Labor Statistics

  • Massachusetts Executive Office of Labor and Workforce Development (EOLWD)

    • Description: This state agency offers resources related to job opportunities, workforce statistics, and career training programs within Massachusetts.
    • Link: EOLWD

  • American Association of Professional Professionals (AAPP)

    • Description: AAPP offers certifications, networking opportunities, and professional development resources specifically for data entry professionals and administrative workers.
    • Link: AAPP

  • National Association of Professional Employers (NAPE)

    • Description: NAPE provides resources to enhance skills relevant to data entry and office administration, including courses and certifications.
    • Link: NAPE

  • LinkedIn Learning

    • Description: An online learning platform offering courses in data entry, spreadsheet management, and financial record keeping, essential for enhancing your skills as a financial data entry clerk.
    • Link: LinkedIn Learning

  • Coursera

    • Description: This platform features courses on financial management, data entry skills, and software training that can help build a solid foundation for your career.
    • Link: Coursera

  • Indeed Career Guide

    • Description: Indeed provides articles and resources on job searching, resume building, and interview preparation tailored to various careers, including financial data entry.
    • Link: Indeed Career Guide

  • Microsoft Office Support

    • Description: Access guides and tips on using Microsoft Excel and other Office tools, which are essential for financial data entry tasks.
    • Link: Microsoft Office Support

  • Glassdoor

    • Description: Glassdoor offers insights into company reviews, salary information, and interview experiences from individuals in the financial data entry field.
    • Link: Glassdoor

  • Massachusetts Statewide Job Board (MassJobNet)

    • Description: A job portal that provides listings for data entry positions and other administrative roles across the state.
    • Link: MassJobNet

These resources can help you gain valuable insights, improve your skills, and explore job opportunities as a financial data entry clerk in Massachusetts.

Frequently Asked Questions (FAQs) About Financial Data Entry Clerk in Massachusetts

  • What are the primary responsibilities of a Financial Data Entry Clerk?
    Your main responsibilities include entering financial data into systems, verifying the accuracy of entries, managing financial records, and assisting in the preparation of financial reports.

  • What qualifications do I need to become a Financial Data Entry Clerk?
    Typically, a high school diploma or equivalent is required. Some positions may require an associate’s degree in finance, accounting, or a related field. Proficiency in data entry and knowledge of accounting software is essential.

  • What skills are important for success in this role?
    Key skills include attention to detail, strong analytical abilities, proficiency in data entry software, effective communication, and basic accounting knowledge. Being organized and able to manage time efficiently is also important.

  • What is the typical salary range for a Financial Data Entry Clerk in Massachusetts?
    Salaries can vary depending on experience, location, and the specific employer. Generally, you can expect to earn between $35,000 and $50,000 annually in Massachusetts.

  • Are there any certification programs that can enhance my employability?
    While not mandatory, certifications such as the Certified Bookkeeper (CB) designation or courses in QuickBooks can enhance your qualifications and appeal to potential employers.

  • What is the typical work environment for a Financial Data Entry Clerk?
    You will typically work in an office setting, often within a finance department or accounting firm. Many positions may also offer the option to work remotely.

  • How can I advance my career as a Financial Data Entry Clerk?
    Advancement can involve gaining additional training, pursuing higher-level accounting positions, or transitioning into financial analysis roles. Networking and continued education can also open up new opportunities.

  • What should I include in my resume for a Financial Data Entry Clerk position?
    Highlight relevant experience such as previous data entry roles, proficiency in software, attention to detail, and any certifications. Be sure to quantify your achievements where possible, such as the volume of data processed or improvements in efficiency.

  • Is experience in customer service important for this role?
    While not a core requirement, customer service skills can be beneficial, particularly in roles that require interaction with clients or other departments. Strong communication can enhance your effectiveness in the position.

  • What is the job outlook for Financial Data Entry Clerks in Massachusetts?
    The job outlook remains stable, with demand for data entry clerks expected to continue alongside administrative and bookkeeping tasks as businesses grow and expand their services.