Bookkeeper Salary: How Much Does It Cost to Hire?

bookkeeper salary

Coursera is another online learning platform which, like Udemy, hosts courses about a range of subjects, including bookkeeping. This content is typically created from other educators, who are passionate or knowledgeable about the area of focus. The How to Become One tab describes how to prepare for a job in the occupation. This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation. CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. The Occupational Employment and Wage Statistics program produces employment and wage estimates annually for over 800 occupations.

bookkeeper salary

Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target. Bureau of Labor Statistics, bookkeepers, accounting clerks, and auditing clerks held two million jobs in 2004.

Bookkeeper Average Hourly Wage in Germany

To renew your certification, you must complete continuing coursework, attend professional development programs and take part in training workshops. While these requirements may sound tedious, they could benefit what is a bookkeeper your career in the long term. In terms of pay, bookkeepers tend to earn the most by working in niche industries. Compared to other major employment sectors for bookkeepers, they host relatively few jobs.

How much you make as a first-year accountant depends mainly on the specific career path you pursue. While accounting can be a lucrative long-term career, most accountants, unlike corporate attorneys or investment bankers, do not command huge salaries during the first few years.

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Some parts of the United States also expect to see above-average demand for qualified bookkeepers in their local labor markets. The U.S. Bureau of Labor Statistics groups bookkeepers with accounting and auditing clerks in its job-related data. The data presented in the following table covers all three professions. Bookkeepers with two years of bookkeeping experience can obtain a Certified Bookkeeper designation, which is awarded by the American Institute of Professional Bookkeepers. The certification ensures employers that bookkeepers can carry out all standard bookkeeping duties. In order to obtain the certification, a bookkeeper must pass three exams and adhere to a code of ethics. An aptitude for mathematics and the ability to concentrate on detail are basic requirements.

bookkeeper salary

Bookkeeper salary levels vary by location, based on factors like local labor market conditions and local living costs. In these cases, employers may increase their pay rates to attract the best available candidates. Bookkeepers still play important roles on accounting teams, especially in the small business world.

Bookkeeper earnings by seniority

As for certification from AIPB, members pay $479, and nonmembers pay $574. The price of this certification includes the cost of enrollment, workbooks and the four-part national certification exam. After passing the AIPB’s certification exam, you will be recognized as a certified bookkeeper. A bookkeeping certification is an official demonstration of a person’s bookkeeping skills.

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We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. An enrolled agent is a tax professional authorized by the United States government. Their job is to advocate and assist taxpayers when they have issues with the Internal Revenue Service. To become one, you have to either have worked at the IRS or pass an EA examination. Accountants and bookkeepers work with numbers and financial data all day long.

Annual Increment Rate By Industry 2021

For those who do not have postsecondary education, certification is a particularly useful way to gain expertise in the field. People often confuse bookkeepers and accountants—and with good reason. While there are certain similarities and overlaps between the two, there are distinctions that set these two roles apart. Bookkeepers don’t necessarily need higher education in order to work in their field while accountants can be more specialized in their training.

  • This makes them a great option for professionals who actively use LinkedIn to network and job hunt.
  • At $51,440 per year, however, bookkeepers’ income fell short of average accountant pay by almost $36,000.
  • The U.S. Bureau of Labor Statistics groups bookkeepers with accounting and auditing clerks in its job-related data.
  • More experienced accountants will be able to earn higher salaries but bookkeepers will not see significant salary increases.
  • Your credentials show prospective employers that you’re a qualified bookkeeper and you’re willing and able to grow professionally.
  • Good performance in business subjects such as business software, typing, accounting, bookkeeping, and business mathematics is an asset.

In September 2022, Payscale placed the national U.S. average rate for bookkeepers at $18.46 per hour. Bookkeepers should research local average rates to ensure they price their services competitively.

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