Salaries of Bookkeepers and Accountants
Bookkeeping and accountancy are two very respectable and sought after careers. Bookkeepers are in charge of organizing and recording the financial doings of a business. Accountants take the information recorded by bookkeepers and use it to prepare tax statements and also to make recommendations about ways to increase revenue or decrease expenses. If you are interesting in taking up a career in bookkeeping and accountancy or if you are looking to hire either a bookkeeper or an accountant, you might want to know how much each one earns. Bookkeepers may earn as little as $24,000 a year, but their usual salary range is much closer to $30,000-$40,000. How much training and experience you have will affect how much you get paid, as will who you work for.
Some skilled bookkeepers are able to make more, up to $46,000 a year. Accountants make more than bookkeepers, because they usually have to have more training. Most accountants make between $42,000 and $72,000 yearly. The higher salaries are earned by those who have a master’s degree and have been working for some years. If you go to work for the government with only a minimal amount of training you might not make more than $27,000 your first year. If you are looking to hire either a bookkeeper or an accountant you should be aware that the bookkeeper will be less expensive. For most small businesses a bookkeeper can do all the work you require on a regular basis. When tax times comes around you can hire an accountant temporarily to do your taxes for you. It will cost less than paying a full-time accountant all year around. If you are planning your career you will see that bookkeeping and accountancy will not make you rich, but with hard work and good training they will allow you to earn a very respectable income.