A number of traditional bookkeeping tasks such as data collection, report generation and data entry are being automated – especially among larger companies. This makes it critical for bookkeepers to adapt to change by maintaining skills that add greater value to the organisation, such as influencing ideas and communicating to stakeholders, in order to negotiate a more competitive salary.
Percentiles of a Bookkeeper salary
In the Robert Half Salary Guide, salaries are broken down by percentiles. This allows you to see how different skills, experience and qualifications – along with different roles, can shape a Bookkeeper salary.
In this Bookkeeper salary percentile, candidates will have limited experience and will require skills development, particularly in software programs such as Xero and MYOB. Experience in account reconciliations, payroll processing and accounts payable/receivable is often desirable.
In this Bookkeeper salary percentile, candidates may be working towards, or have recently completed, qualifications such as a Certificate IV in Financial Services Bookkeeping. Necessary skills will include cloud-based bookkeeping, preparation of electronic superannuation lodgements and BAS statements. The ability to work to deadlines is essential, especially in a small company environment where the Bookkeeper may report directly to the Accountant.
For this Bookkeeper salary percentile, candidates are expected to have three to five years of experience, often with a large organisation. Candidates may be working towards, or have newly completed, a Bachelor’s degree in Accounting or Finance. A solid understanding of basic accounting principles is essential in this Bookkeeper salary percentile, combined with practical skills in end-to-end payroll, superannuation and BAS reporting. Candidates need to be able to communicate clearly to the organisation’s accounting team and management, as well as liaise with external auditors.
At the top end of the Bookkeeper salary percentile, candidates will have a strong variety of technical skills spanning the ability to raise and reconcile invoices, reconcile customer facilities, and follow up on debtor payments. Duties can be complex, and are likely to include preparation of budgets and cash-flow reports, monthly management reports and end of year working paper files in preparation for statutory reports. To earn the a top salary, bookkeepers require exceptional communication skills and the ability to suggest innovations that can streamline the company’s accounting and finance function.