what is the hourly rate for part time accounting clerk

Bureau of Labor Statistics (BLS), the industry of employment has a significant effect. BLS data singles out several industries that pay salaries above the nationwide median. These industries include finance and insurance, professional services, and wholesale trade. The states with the highest numbers of accounting clerk jobs tend to be heavily urbanized. Large population centers attract more commercial activity, which increases demand for bookkeepers and accounting clerks. Advances like cloud computing have allowed businesses to automate some of accounting clerks’ traditional job duties.

  • You know if you are being paid fairly as an Accounting Clerk if your pay is close to the average pay for the state you live in.
  • They must have exceptional knowledge of all ledger accounts, such as accounts payable/receivable, cash, and many others.
  • In specific industries, the BLS reports average accounting clerk salaries over $70,000 per year.
  • Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us.
  • Professional endorsements such as the American Institute of Professional Bookkeepers’ certified bookkeeper credential may also improve earning potential.
  • Their tasks may include data entry, record management and updating, bill processing, and accounts receivable tracking.
  • The average salary for accounting clerks is $40,980, but that normally requires some level of experience to achieve.

Pay increases with experience in many fields, and bookkeeping is no exception. Entry-level accounting clerks tend to earn less than professionals who have been on the job longer. A bachelor’s or master’s in accounting can lead to many opportunities beyond accounting clerk careers. These positions include certified public accountant roles and other jobs that offer higher average pay.

Career Path for Bookkeeper

Some of the industries identified by the BLS as offering the highest job numbers and pay rates have ties to particular locations. For instance, the metal ore mining industry ranks among the national leaders in pay rates for accounting clerks. However, job numbers are limited and part time accounting the industry centers on areas where mining companies operate. As you search for well-paid job opportunities, remember that higher living costs can cancel out the value of higher salaries. Instead, investigate the trade-off between salary levels and living costs in a given area.

what is the hourly rate for part time accounting clerk

Accounting clerks earn the highest average salary in New York, New Jersey, Massachusetts, Connecticut, and California. Looking at employment density, projected percentage increases, and/or projected annual openings can help you decide where to focus your job search. The following chart summarizes accounting clerk salary trends by experience. Note the significant jump between the early and mid-to-late career stages. For instance, the five states with the most accounting clerks are California, Texas, Florida, Pennsylvania, and New York. At least two cities in each of these states rank in the top 200 largest metropolitan areas in the country as of 2022.

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As entry-level professionals, junior accounting clerks usually support senior accounting staff. Their tasks may include data entry, record management and updating, bill processing, and accounts receivable tracking. The average accounting clerk salary in the United States is $38,683. Accounting clerk salaries typically range between $29,000 and $51,000 yearly. Entry-level accounting clerks work as junior members of an accounting department and report to accountants or senior bookkeepers.

They take a more active role in their employer’s financial planning and hold significantly more responsibility. The average accounting clerk salary in New York, New Jersey, and Massachusetts are the highest in the U.S. The lowest average accounting clerk salary states are Nebraska, West Virginia, and South Carolina.

Bureau of Labor Statistics

Their duties include, among others, performing data entry, handling customer inquiries, preparing financial statements and performing vendor maintenance. In all tasks, these clerks must maintain a high degree of accuracy. An accounting clerk with 0-2 years of experience earns an average entry-level salary of $27,336. A mid-career accountant with 3-6 years of experience makes $38,683 a year on average. A senior level accountant with 7-12 years of experience enjoys an average annual salary of $51,278. Emerging and established bookkeepers and clerks can draw on this data to target specific opportunities.

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Employment density can also affect accounting clerk job availability. In calculating employment density, the BLS looks at how many accounting clerks there are per 1,000 jobs in a given state. Based on statistics published by Glassdoor, they also enjoy strong earning potential. As of August 2022, Glassdoor notes a median accounting clerk salary of about $37,500 per year in the United States.

Is an accounting clerk the same as an accountant?

Payscale data from August 2022 reveals that experienced accounting clerks earn a premium compared to entry-level and early-career professionals. According to Payscale, clerks at the highest end of the experience spectrum out-earn those at the lowest end by more than 18%. Several factors can influence base salaries for accounting clerks.

what is the hourly rate for part time accounting clerk

Analyze the market and your qualifications to negotiate your salary with confidence. New York pays Accounting Clerks the most in the United States, with an average salary of $54,237 per year, or $26.08 per hour. Keep this in mind when deciding whether to pursue further schooling. You may earn a better return on your educational investment by applying your degree toward a higher-paying career path. The Missouri Economic Research and Information Center’s Cost of Living Data Series can help you compare living costs in different U.S. states. The monthly income of a clerk generally ranges from $2,000 to $4,000.

Understand the total hourly compensation opportunity for an Accounting Clerk I, hourly wage plus other pay elements

According to Payscale and Glassdoor, accounting clerk salaries can include bonuses and profit-sharing. Experienced clerks may have an advantage in this regard as their know-how often translates into https://www.bookstime.com/ stronger job performance. Compare accounting clerk salaries for individual cities or states with the national average. Accounting clerk salary is impacted by location, education, and experience.

This job is a good fit for people who want to gain experience in accounting. This position pays fairly well, and for people who also possess a bachelor’s degree, good entry-level experience in becoming an accountant. Accounting clerks generally work in offices, and travel is not required for the job. They must have exceptional knowledge of all ledger accounts, such as accounts payable/receivable, cash, and many others. An accounting clerk’s job duties revolve around administering and filing the records of a company’s financial transactions.