Bookkeeping Manager Salary
Job Description for Bookkeeping Manager
A bookkeeping manager is the person who is responsible for handling various fundamental financial aspects within an organization. This person is typically employed within an office type of environment and will generally keep standard daytime office hours. This position is found in a variety of companies and organizations. The position may be combined with another position, depending on the size of the organization (such as office manager, accounting manager, etc). This position requires a bit of on-the-job experience, as well as a bit of formal training and education. Exact educational requirements may be dependent on the organization. However, many organizations require at least an associate’s degree in either bookkeeping, administration, or accounting.Read More...
A bookkeeping manager will have a variety of responsibilities, while ensuring that a firm’s financial recordkeeping is intact. Some of the responsibilities and duties include preparing financial statements and reports, preparing profit and loss statements, recording financial transactions, managing accounts payable and receivable records, reconciling bank statements, completing tax forms (such as 1099s and W-2s), assisting with budget preparations, paying bills, maintaining ledgers, receiving and approving or denying client invoices, tracking client assets, performing assistance with tax return preparation, making bank deposits, distributing money within departments, assessing expenditures, performing inventory of office materials and supplies, conducting invoice activities, paying vendors, transmitting purchase orders, and preparing appropriate reports for clients and partners. This position requires a person who is highly organized, attentive to detail, and able to handle multiple responsibilities at one time.
Bookkeeping Manager Tasks
- Process invoices, bills, and general accounts.
- Assist with special projects and emergencies.
- Maintain financial and client databases.
- Answer phones, communicate projects and documentation, and provide information to clients.
- Reconcile bank accounts, including ledger entries and tracking physical checks.
Bookkeeping Manager Job Listings
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Popular Skills for Bookkeeping Manager
Survey results show that Bookkeeping Managers use a fair number of skills. Most notably, skills in Payroll Administration, Bookkeeping, Sales Tax Reports, and Accounts Payable are correlated to pay that is above average. Most people who know Accounts Payable also know Payroll Administration.
Pay by Experience Level for Bookkeeping Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Bookkeeping Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. In this position, someone who has worked for fewer than five years can expect a median salary of $35K. The median for people with five to 10 years of experience is only a little bit higher at $37K. After working for 10 to 20 years, Bookkeeping Managers make a median salary of $42K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $48K, demonstrating that compensation is roughly commensurate with experience in the end.