Instead of graduate degrees, bookkeepers can earn professional certifications that indicate greater ability. However, master's degrees in accounting are usually designed for professionals in more advanced or technical positions. Some bookkeepers possess bachelor's degrees in accounting. However, today's employers often prefer or require entry-level bookkeepers to hold associate degrees in accounting or similar fields. In the past, a bookkeeper could often enter the profession with only a high school diploma.
Certifications can also increase a bookkeeper's earning power.
Some bookkeepers report earning between $1,000-$19,000 per year in extra pay between bonuses, profit sharing, and commissions.Įxperience and education can affect pay, as well. Depending on the employer, bookkeepers may qualify for other forms of compensation, such as performance bonuses.Īccording to Payscale data from September 2022, this additional income can result in a nice earnings boost. This average bookkeeper salary reflects only base pay. This bookkeeper salary guide explores ways for emerging and established bookkeepers to improve their job prospects and earning power.
As a result, the profession's growth rates have slowed, but the Strategic Finance article notes growing gaps between the number of open jobs and the number of people qualified to fill them.īookkeepers still play important roles on accounting teams, especially in the small business world.
FREELANCE BOOKKEEPING COST SOFTWARE
Industry observers agree that software improvements have made bookkeeping more efficient. The editorial asserted that not enough new bookkeepers are emerging to replace professionals aging into retirement. In 2019, Strategic Finance magazine published a report detailing a "looming crisis" in the accounting industry.
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