Bookkeeper Vs Accountant Salary
Bookkeeping software is extremely beneficial.
Bookkeeper vs accountant salary. For example an accountant with a year or two of experience might earn 60 000 per year while a bookkeeper will earn less than 30 000 per year. The top earning 10 percent of accountants received 111 510 annually or higher while the top 10 percent of bookkeepers received 54 310 per year or more. A company could pay an accountant to keep the ledger but it s cheaper to hire a bookkeeper and save an accountant for higher level services.
Bookkeepers and accountants capable of carrying out a wider range of accounting activities will be in more demand than those who specialize in one area. Bookkeeper typical salary. Whether you hire an accountant a bookkeeper or both it s important that the individuals are qualified by asking for client references checking for certifications or running screening tests.
Difference between bookkeepers and accountants. It is typically performed by a bookkeeper which is not the same as an accountant. Their median pay is 69 350 a year.
As of may 2010 the average annual wage for these occupations was 35 000. A bookkeeper r ecords the day to day financial transactions of a business. It can process accounts faster increase reporting accuracy and your data is backed up.
The key difference between bookkeeper and accountant is that bookkeeper is responsible for performing the bookkeeping activities in the company where financial transactions are recorded in a systematic manner whereas accountants are responsible for accounting of the financial transactions that have occurred in the past by the company as well as. Accountants are so valuable to a company that many actually go on to fill senior management roles. Accountants have at least a bachelor s degree although it doesn t have to be in accounting.
As per payscale bookkeeper charges average 40773 annum. The wage ranges overlap a bit but the. More experienced accountants will be able to earn higher salaries but bookkeepers will not see significant salary increases.