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
- Answer phones, communicate projects and documentation, and provide information to clients.
- Reconcile bank accounts, including ledger entries and tracking physical checks.
- Maintain financial and client databases.
- Process invoices, bills, and general accounts.
- Assist with special projects and emergencies.
Common Career Paths for Bookkeeping Manager
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Popular Skills for Bookkeeping Manager
Bookkeeping Managers report using a wide range of professional skills. Most notably, skills in Payroll Administration, Sales Tax Reports, Bookkeeping, and Accounts Payable are correlated to pay that is above average. Those proficient in Accounts Payable are, more often than not, also skilled in Payroll Administration.
Pay by Experience Level for Bookkeeping Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Bookkeeping Managers, more experience in the field does not usually mean bigger paychecks. During the first five years of their careers, Bookkeeping Managers see a median income of $34K. Survey respondents with five to 10 years of experience report an only modestly higher median of $37K. For Bookkeeping Managers, 10 to 20 years of experience on the job amounts to an average salary of $41K. In the end, more experience does seem to mean larger paychecks; seasoned Bookkeeping Managers with more than 20 years of experience earn a predictably higher median salary of $48K.
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