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How Much Does a Bookkeeper Make?

Your penchant for numbers and attention to detail makes you perfect for a Bookkeeper position. According to the U.S. Bureau of Labor Statistics, more than 1.5 million people are employed as Bookkeepers, Accounting Clerks, or Auditing Clerks. Tasked with tracking money received, money paid, payroll, and other expenditures, you’re responsible for knowing the ins and outs of the company’s financial records.

How much does a Bookkeeper make?

The data from BLS shows that the average Bookkeeper salary was $38,390 as of May 2016. However, the range for Bookkeeper salary is quite vast: The lowest-paid 10 percent of Bookkeepers received $23,880 while the highest-paid 10 percent earned $59,630. Given those figures, you have approximately a 40 percent chance of earning more than $40,000 annually as a Bookkeeper.

Many factors associated with the Bookkeeper position are incorporated in determining the annual salary. The industry, size, and location of the organization are likely to be the biggest determining factors. For example, Bookkeepers employed in the accounting or payroll field average $40,450 while those working for the U.S. Postal Service are paid $64,510 each year.

The District of Columbia, Alaska, California, Connecticut and New Jersey are the top-paying states for Bookkeepers. Specifically, San Francisco, San Rafael and Oakland, California are the top-paying metropolitan areas for Bookkeepers in the United States.

Is the outlook for Bookkeeper positions good?

The number of positions in this field is numerous simply because there’s a need for Bookkeepers in nearly every type of industry. The BLS projects job growth for Bookkeepers to show little or no change when compared to all occupations. The increased focus on accuracy, accountability, and transparency for publicly traded companies only leads to an additional increase in demand. The demand for experienced Bookkeepers is also influenced by new government and industry regulations on reporting methods.

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