The Salaries for Full Charge Bookkeeping
Full-charge bookkeepers maintain records and books for an entire company, whereas accounting clerks handle specific bookkeeping tasks. Some bookkeepers provide their services as freelance consultants, while others are employed by one company. These factors, along with the type of company or client and location, have an effect on the salary a full-charge bookkeeper earns.
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Salaries
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The average salary for bookkeepers in the United States was $35,340 as of 2010, reports the Bureau of Labor Statistics. The median income was $34,030, with salaries starting at less than $21,270 in the 10th percentile and exceeding $51,470 in the 90th percentile.
Industry
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In the industry of accounting, tax preparation, bookkeeping and payroll services the average salary of a bookkeeper was $34,760 a year, reports the bureau. As of 2010, those working for companies and enterprises earned an average of $36,490 a year, while those working for local governments earned an average of $36,470. Elementary and secondary schools employed full-charge bookkeepers for the average of $36,070 a year, and those working in the industry of depository credit intermediation earned an average of $33,490. The highest paying industry for bookkeepers was the postal service, where the salary average was $57,370 a year.
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Location
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The highest concentration of bookkeeping jobs were in Montana, which employed 26.50 bookkeepers per every 1,000 jobs as of 2010 for the average salary of $30,630 a year, according to the bureau. The highest salary average was in the District of Columbia at $48,470 a year, followed by Connecticut with an average of $40,490 and Alaska with an average of $40,450. Maryland and California also ranked as top paying states for bookkeepers with respective salary averages of $39,870 and $39,820 annually.
Outlook
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Bookkeepers can expect a 10 percent increase in jobs between 2008 and 2018, a rate the bureau deems “about as fast as the average” in comparison with all jobs in the nation. This growth is attributed both to a growing economy and the increasing need to ensure that companies’ financial records are accurate and transparent. Demand for full-charge bookkeepers will be greater than that of specialized accounting clerks, as they can perform a wider variety of duties.
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