A person working as a Bookkeeper in Italy typically earns around 2,070 EUR per month. Salaries range from 1,010 EUR (lowest) to 3,230 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Bookkeeper salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bookkeeper salaries in Italy range from 1,010 EUR per month (minimum salary) to 3,230 EUR per month (maximum salary).
The median salary is 2,110 EUR per month, which means that half (50%) of people working as Bookkeeper(s) are earning less than 2,110 EUR while the other half are earning more than 2,110 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bookkeeper(s) are earning less than 1,410 EUR while 75% of them are earning more than 1,410 EUR. Also from the diagram, 75% of Bookkeeper(s) are earning less than 2,720 EUR while 25% are earning more than 2,720 EUR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bookkeeper salaries by experience level and this is what we found.
A Bookkeeper with less than two years of experience makes approximately 1,200 EUR per month.
While someone with an experience level between two and five years is expected to earn 1,550 EUR per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,130 EUR per month, 38% more than someone with two to five years of experience.
Additionally, Bookkeeper(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,640 EUR per month, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 2,830 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,020 EUR per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Bookkeeper salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Bookkeeper is 1,550 EUR per month.
While someone with a Certificate or Diploma gets a salary of 2,210 EUR per month, 43% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 3,050 EUR per month, 38% more than someone with a Certificate or Diploma.
|Certificate or Diploma||+43%|
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Bookkeeper employees in Italy earn 7% more than their female counterparts.
Bookkeeper(s) in Italy are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Italy for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Bookkeeper is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
69% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Where can you get paid more, working for a private company or for the government? Public sector Bookkeeper employees in Italy earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
Bookkeeper salaries in Italy are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Bookkeeper is 42% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||2,340 EUR||+13%|
|Account Executive||3,550 EUR||+72%|
|Accounting Assistant||2,570 EUR||+24%|
|Accounting Associate||2,510 EUR||+21%|
|Accounting Clerk||1,890 EUR||-9%|
|Accounting Coordinator||2,110 EUR||+2%|
|Accounting Manager||4,750 EUR||+130%|
|Accounting Supervisor||3,520 EUR||+70%|
|Accounting Technician||2,270 EUR||+10%|
|Accounts Executive||3,240 EUR||+57%|
|Accounts Payable and Receivable Specialist||2,980 EUR||+44%|
|Accounts Payable Clerk||1,860 EUR||-10%|
|Accounts Payable Manager||3,790 EUR||+83%|
|Accounts Receivable Clerk||2,020 EUR||-2%|
|Accounts Receivable Manager||4,060 EUR||+96%|
|Assistant Accounting Manager||3,090 EUR||+49%|
|Assistant Auditor||2,910 EUR||+41%|
|Audit Supervisor||4,970 EUR||+140%|
|Auditing Clerk||2,510 EUR||+21%|
|Auditing Manager||5,320 EUR||+160%|
|Billing Coordinator||2,930 EUR||+42%|
|Billing Specialist||3,040 EUR||+47%|
|Billing Supervisor||3,730 EUR||+80%|
|Bookkeeping Specialist||2,600 EUR||+26%|
|Budget Analyst||3,220 EUR||+56%|
|Budget Manager||4,280 EUR||+110%|
|Business Support Analyst||3,550 EUR||+72%|
|Capital Markets Associate||3,770 EUR||+82%|
|Cash Flow Analyst||3,620 EUR||+75%|
|Cash Management Officer||3,430 EUR||+66%|
|Cashbook Clerk||2,440 EUR||+18%|
|Chartered Accountant||3,170 EUR||+53%|
|Collections Clerk||1,960 EUR||-5%|
|Collections Specialist||2,500 EUR||+21%|
|Corporate Treasurer||6,600 EUR||+220%|
|Cost Accountant||2,930 EUR||+42%|
|Cost Accounting Manager||4,030 EUR||+95%|
|Cost Analyst||3,810 EUR||+84%|
|Credit and Collection Manager||4,140 EUR||+100%|
|Credit and Collection Staff||2,070 EUR||+0%|
|Credit and Loans Officer||2,150 EUR||+4%|
|Credit Controller||3,470 EUR||+68%|
|Debt Adviser||4,550 EUR||+120%|
|Debt Collector||3,220 EUR||+56%|
|Debtors Clerk||2,870 EUR||+39%|
|Deputy CFO||6,280 EUR||+200%|
|Derivative Trader||5,210 EUR||+150%|
|Escrow Assistant||3,090 EUR||+49%|
|External Auditor||3,930 EUR||+90%|
|Finance Associate||2,990 EUR||+45%|
|Finance Executive||6,310 EUR||+200%|
|Finance Licensing Clerk||2,270 EUR||+10%|
|Finance Licensing Manager||3,660 EUR||+77%|
|Finance Licensing Specialist||2,890 EUR||+40%|
|Finance Officer||4,110 EUR||+99%|
|Finance President||7,690 EUR||+270%|
|Finance Relationship Manager||4,980 EUR||+140%|
|Finance Release Analyst||3,650 EUR||+76%|
|Finance Team Leader||4,070 EUR||+97%|
|Financial Actuary||3,630 EUR||+75%|
|Financial Administrator||3,240 EUR||+57%|
|Financial Analyst||3,990 EUR||+93%|
|Financial Applications Specialist||2,550 EUR||+23%|
|Financial Assistant||2,320 EUR||+12%|
|Financial Associate||2,750 EUR||+33%|
|Financial Claims Analyst||3,460 EUR||+67%|
|Financial Claims Manager||3,950 EUR||+91%|
|Financial Commercial Analyst||3,400 EUR||+64%|
|Financial Compliance Analyst||3,840 EUR||+86%|
|Financial Consultant||3,450 EUR||+67%|
|Financial Controller||3,570 EUR||+73%|
|Financial Coordinator||3,240 EUR||+57%|
|Financial Customer Service Manager||4,590 EUR||+120%|
|Financial Dealer and Broker||3,400 EUR||+64%|
|Financial Encoder||2,110 EUR||+2%|
|Financial Manager||7,470 EUR||+260%|
|Financial Operations Manager||5,350 EUR||+160%|
|Financial Policy Analyst||3,720 EUR||+80%|
|Financial Project Manager||3,600 EUR||+74%|
|Financial Quantitative Analyst||4,080 EUR||+97%|
|Financial Reporting Consultant||3,840 EUR||+86%|
|Financial Reporting Manager||4,520 EUR||+120%|
|Financial Services Sales Agent||3,410 EUR||+65%|
|Fixed Assets Administrator||3,000 EUR||+45%|
|Forensic Accountant||2,810 EUR||+36%|
|Fraud Detection Supervisor||3,590 EUR||+74%|
|Fraud Prevention Manager||5,510 EUR||+170%|
|Fund Accountant||2,840 EUR||+37%|
|Grants Coordinator||2,370 EUR||+15%|
|Internal Auditor||4,000 EUR||+93%|
|Internal Control Adviser||4,030 EUR||+95%|
|Internal Control Officer||3,420 EUR||+65%|
|Inventory Accountant||5,710 EUR||+180%|
|Investment Analyst||5,050 EUR||+140%|
|Investment Fund Manager||4,940 EUR||+140%|
|Investment Underwriter||2,230 EUR||+8%|
|Investor Relations Manager||4,740 EUR||+130%|
|KYC Team Leader||4,700 EUR||+130%|
|Management Economist||4,220 EUR||+100%|
|Payroll Clerk||2,180 EUR||+5%|
|Payroll Manager||3,730 EUR||+80%|
|Pensions Administrator||2,940 EUR||+42%|
|Pricing Analyst||4,060 EUR||+96%|
|Private Equity Analyst||4,230 EUR||+100%|
|Proposal Development Coordinator||2,890 EUR||+40%|
|Receivables Accountant||2,410 EUR||+16%|
|Regulatory Accountant||2,980 EUR||+44%|
|Retirement Plan Analyst||3,930 EUR||+90%|
|Revenue Management Specialist||3,320 EUR||+60%|
|Revenue Recognition Analyst||4,660 EUR||+130%|
|Risk Management Director||5,980 EUR||+190%|
|Risk Management Supervisor||4,620 EUR||+120%|
|Tax Accountant||2,790 EUR||+35%|
|Tax Advisor||3,580 EUR||+73%|
|Tax Associate||3,010 EUR||+45%|
|Tax Manager||5,560 EUR||+170%|
|Treasury Accountant||2,880 EUR||+39%|
|Treasury Analyst||3,880 EUR||+88%|
|Underwriting Assistant||2,050 EUR||-1%|
|Vice President of Finance||5,540 EUR||+170%|