Accounting Clerk Salary Guide
By: Accounting.com Staff
Last Updated: December 2019
Accounting clerks create financial records for organizations, monitor loan statuses to ensure timely payments, enter details for financial transactions, and balance billing vouchers. Accounting clerks also check financial records for accuracy. According to the Bureau of Labor Statistics (BLS), bookkeeping, accounting, and auditing clerks earn a median annual salary of approximately $40,000.
As entry-level employees, accounting clerks develop relevant skills and valuable experience in the field. This page presents career information for prospective accounting clerks, including top-paying industries, the states with the strongest job growth rates, and opportunities for accounting clerks to expand their job opportunities.Learn More About a Career as an Accounting Clerk
How Much Do Accounting Clerks Make?
Generally speaking, bookkeeping, accounting, and auditing clerks earn more than $40,000 a year. However, an accounting clerk’s salary may vary according to their professional experience, educational level, and geographic location. Accounting clerks may increase their salary potential by obtaining additional work experience or education.
As the following table indicates, accounting clerks often enjoy increased earnings as they gain professional experience. While those with less than one year of experience earn under $15 an hour, accounting clerks with ten or more years of experience earn nearly $17 an hour.
|< 1 Year||$14.61/hr|
Salary by Degree
Accounting clerks who pursue additional education may significantly increase their earning potential. While the typical accounting clerk salary sits at $40,000, professionals with a bachelor's degree in accounting draw a median annual salary of $69,000. In addition, those with a master's degree earn an average of $91,000 a year.
Accounting Degree Salaries
Accounting clerks who earn a bachelor's degree may qualify to work as accountants or accounting managers, while bachelor's-holders who earn at least 30 postgraduate credits may pursue the certified public accountant (CPA) credential. Along with greater responsibilities, these career paths often lead to increased earning power.
|Potential Next Step||Salary|
|Certified Public Accountant||$65,431|
What Are the Top States for Accounting Clerk Pay?
Accounting clerks in some states draw higher salaries than those employed in other regions. While professionals in Alaska, Connecticut, and California enjoy some of the country’s top wages, Washington, D.C. offers accounting clerks the highest average salary. The most lucrative metro areas for accounting clerks include California’s Bay Area, Washington, D.C., and Fairbanks, Alaska.
District of Columbia
Annual Mean Wage: $55,370
Annual Mean Wage: $48,640
Annual Mean Wage: $47,890
Annual Mean Wage: $47,750
Annual Mean Wage: $47,020
Salary potential for accounting clerks varies according to industry, and accounting clerks work in many different settings. A few top-paying industries include accounting, tax preparation, bookkeeping, and payroll services. Professionals employed in local government and real estate also enjoy above-average earnings.
|Industry||Annual Mean Wage|
|Accounting, Tax Preparation, Bookkeeping, and Payroll Services||$42,960|
|Management of Companies and Enterprises||$43,160|
|Local Government, excluding schools and hospitals||$43,130|
|Credit Intermediation and Related Activities||$41,160|
Are Accounting Clerks in Demand?
Historical Career Growth
Future Career Growth
While BLS data projects a 4% decline for accounting clerk positions by 2028, certain states are projected to experience significant job growth in the field. In addition, growth rates for accountants and auditor are projected to reach 6% in the coming decade. A bachelor's degree in accounting or a related field may help graduates secure additional career opportunities.
Top States for Job Growth
Demand for accounting clerks varies by state. As the following table indicates, accounting clerks in Utah and Nevada enjoy some of the nation’s highest job growth rates. Other states experiencing faster-than-average job growth for accounting clerks include Arizona, Florida, Washington, and Texas.
How Do Accounting Clerks Compare to Other Accounting Careers?
While accounting clerks earn less than many other accounting professionals, they generally do not need a college degree to obtain entry-level positions. Many other accounting careers require additional education. For example, accountants and auditors must hold a bachelor's degree, while CPAs are required to complete at least 30 credits of postgraduate training. Employers may prefer to hire candidates with a master's degree for managerial roles.
Accounting clerks who earn a bachelor's degree increase their salary potential and enjoy a wider variety of job opportunities. Generally speaking, accountants and auditors out earn accounting clerks by $20,000 each year.
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Learn More About Accounting Clerk Salaries and Job Growth
- Bureau of Labor Statistics This page details salary information for accounting clerks; it also includes common job duties, work environments, and career trajectories. Visitors can also explore similar occupations, including accountant and tax examiner.
- Growth Projections By State Job growth projections for accounting clerks vary considerably according to state. While some states may experience increased growth in the coming decade, others face a projected drop. This site offers state-based job growth projections for a variety of occupations.
- Center on Education and the Workforce Georgetown University's Center on Education and the Workforce provides salary information for college graduates according to the credentials they hold, including business degrees. The resource helps prospective accounting professionals learn more about their earning potential.
- PayScale PayScale offers accounting clerk salary information, job satisfaction statistics, in-demand skills, and pay rates by location.
- Occupational Employment Statistics This page features occupational employment statistics for accounting clerks, including top-paying industries and the cities and states with the highest concentrations of accounting clerks.