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Bookkeeper Average Salary in Malaysia 2020

How much money does a Bookkeeper make in Malaysia?


Average Monthly Salary
4,110 MYR
( 49,300 MYR yearly)

LOW
2,100
MYR
AVERAGE
4,110
MYR
HIGH
6,330
MYR

A person working as a Bookkeeper in Malaysia typically earns around 4,110 MYR per month. Salaries range from 2,100 MYR (lowest) to 6,330 MYR (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 Salary Distribution in Malaysia

Median and salary distribution monthly Malaysia Bookkeeper
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bookkeeper salaries in Malaysia range from 2,100 MYR per month (minimum salary) to 6,330 MYR per month (maximum salary).

  • Median Salary

    The median salary is 4,030 MYR per month, which means that half (50%) of people working as Bookkeeper(s) are earning less than 4,030 MYR while the other half are earning more than 4,030 MYR. 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.

  • Percentiles

    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 2,750 MYR while 75% of them are earning more than 2,750 MYR. Also from the diagram, 75% of Bookkeeper(s) are earning less than 5,070 MYR while 25% are earning more than 5,070 MYR.


What is the difference between the median and the average salary?

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

Bookkeeper Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Malaysia Bookkeeper
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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 2,350 MYR per month.

While someone with an experience level between two and five years is expected to earn 3,070 MYR per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,300 MYR per month, 40% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Bookkeeper(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,160 MYR per month, 20% 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 5,610 MYR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,050 MYR per month, 8% more than people with fifteen to twenty years of experience.


Bookkeeper average salary change by experience in Malaysia

0 - 2 Years
2,350 MYR
2 - 5 Years+31%
3,070 MYR
5 - 10 Years+40%
4,300 MYR
10 - 15 Years+20%
5,160 MYR
15 - 20 Years+9%
5,610 MYR
20+ Years+8%
6,050 MYR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Bookkeeper Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Bookkeeper(s) who have the same experience but different education levels.

Salary comparison by education level monthly Malaysia Bookkeeper
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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 2,690 MYR per month.

While someone with a Certificate or Diploma gets a salary of 3,960 MYR per month, 47% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 6,070 MYR per month, 53% more than someone with a Certificate or Diploma.


Bookkeeper average salary difference by education level in Malaysia

High School
2,690 MYR
Certificate or Diploma+47%
3,960 MYR
Bachelor's Degree+53%
6,070 MYR
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Bookkeeper Salary Comparison By Gender

Salary comparison by gender monthly Malaysia Bookkeeper
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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 Malaysia earn 16% more than their female counterparts.

Female
3,820 MYR
Male+16%
4,430 MYR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Malaysia for all Careers

Salary comparison by gender monthly Malaysia
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Bookkeeper Average Annual Salary Increment Percentage in Malaysia

How much are annual salary increments in Malaysia for Bookkeeper(s)? How often do employees get salary raises?

Bookkeeper

Bookkeeper(s) in Malaysia are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Malaysia Bookkeeper
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Malaysia / All Professions

Annual Salary Increment Rate Malaysia
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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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Malaysia is 6%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Malaysia 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.


Worldwide Salary Raises: All Countries and All Jobs

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Bookkeeper Bonus and Incentive Rates in Malaysia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Malaysia Bookkeeper
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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.

73% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 27% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
27%
No Bonus
73%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Malaysia
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Where can you get paid more, working for a private company or for the government? Public sector Bookkeeper employees in Malaysia earn 9% more than their private sector counterparts.

Private Sector
7,550 MYR
Public Sector+9%
8,220 MYR
Percentage increase and decrease are relative to the previous value

Bookkeeper Salary Trend and Forecast in Malaysia

How are Bookkeeper salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Malaysia Bookkeeper
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Average Salary 2016
3,680 MYR
Average Salary 2017+4%
3,820 MYR
Average Salary 2018+2%
3,900 MYR
Average Salary 2019+3%
4,030 MYR
Percentage increase and decrease are relative to the previous value

Bookkeeper salaries in Malaysia are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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.

Bookkeeper Average Hourly Wage in Malaysia


24 MYR per hour

The average hourly wage (pay per hour) in Malaysia is 24 MYR. This means that the average Bookkeeper in Malaysia earns approximately 24 MYR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Bookkeeper VS Other Jobs

Salary Comparison Between Bookkeeper and Accounting and Finance monthly Malaysia
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The average salary for Bookkeeper is 46% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner4,890 MYR+19%
Account Executive7,210 MYR+76%
Accountant5,280 MYR+29%
Accounting Assistant5,240 MYR+28%
Accounting Associate5,500 MYR+34%
Accounting Clerk3,940 MYR-4%
Accounting Coordinator4,390 MYR+7%
Accounting Manager10,200 MYR+150%
Accounting Supervisor7,340 MYR+79%
Accounting Technician4,990 MYR+21%
Accounts Executive6,580 MYR+60%
Accounts Payable and Receivable Specialist5,910 MYR+44%
Accounts Payable Clerk4,090 MYR-0%
Accounts Payable Manager8,530 MYR+110%
Accounts Receivable Clerk4,220 MYR+3%
Accounts Receivable Manager8,690 MYR+110%
Assistant Accounting Manager6,790 MYR+65%
Assistant Auditor5,770 MYR+40%
Audit Supervisor9,860 MYR+140%
Auditing Clerk4,980 MYR+21%
Auditing Manager10,500 MYR+160%
Billing Coordinator6,100 MYR+48%
Billing Specialist5,880 MYR+43%
Billing Supervisor7,210 MYR+76%
Bookkeeper4,110 MYR+0%
Bookkeeping Specialist5,700 MYR+39%
Budget Analyst6,550 MYR+59%
Budget Manager8,920 MYR+120%
Business Support Analyst7,040 MYR+71%
Capital Markets Associate8,280 MYR+100%
Cash Flow Analyst7,750 MYR+89%
Cash Management Officer7,710 MYR+88%
Cashbook Clerk5,090 MYR+24%
Chartered Accountant6,610 MYR+61%
Collections Clerk4,090 MYR-0%
Collections Specialist5,340 MYR+30%
Corporate Treasurer14,100 MYR+240%
Cost Accountant6,100 MYR+48%
Cost Accounting Manager7,980 MYR+94%
Cost Analyst7,750 MYR+89%
Credit and Collection Manager8,640 MYR+110%
Credit and Collection Staff4,310 MYR+5%
Credit and Loans Officer4,490 MYR+9%
Credit Controller7,810 MYR+90%
Debt Adviser9,970 MYR+140%
Debt Collector6,540 MYR+59%
Debtors Clerk5,840 MYR+42%
Deputy CFO13,800 MYR+240%
Derivative Trader10,900 MYR+170%
Escrow Assistant6,130 MYR+49%
External Auditor8,000 MYR+95%
Finance Associate5,790 MYR+41%
Finance Executive12,800 MYR+210%
Finance Licensing Clerk4,990 MYR+21%
Finance Licensing Manager8,220 MYR+100%
Finance Licensing Specialist6,040 MYR+47%
Finance Officer9,250 MYR+130%
Finance President16,400 MYR+300%
Finance Relationship Manager10,700 MYR+160%
Finance Release Analyst7,240 MYR+76%
Finance Team Leader 8,480 MYR+110%
Financial Actuary7,570 MYR+84%
Financial Administrator6,580 MYR+60%
Financial Analyst8,530 MYR+110%
Financial Applications Specialist5,440 MYR+32%
Financial Assistant4,600 MYR+12%
Financial Associate5,600 MYR+36%
Financial Claims Analyst7,410 MYR+80%
Financial Claims Manager8,650 MYR+110%
Financial Commercial Analyst6,750 MYR+64%
Financial Compliance Analyst7,600 MYR+85%
Financial Consultant7,190 MYR+75%
Financial Controller7,260 MYR+77%
Financial Coordinator6,580 MYR+60%
Financial Customer Service Manager9,110 MYR+120%
Financial Dealer and Broker7,090 MYR+73%
Financial Encoder4,400 MYR+7%
Financial Manager15,200 MYR+270%
Financial Operations Manager11,200 MYR+170%
Financial Policy Analyst7,960 MYR+94%
Financial Project Manager7,130 MYR+74%
Financial Quantitative Analyst8,510 MYR+110%
Financial Reporting Consultant7,630 MYR+86%
Financial Reporting Manager9,670 MYR+140%
Financial Services Sales Agent6,760 MYR+65%
Fixed Assets Administrator6,260 MYR+52%
Forensic Accountant6,000 MYR+46%
Fraud Detection Supervisor7,310 MYR+78%
Fraud Prevention Manager11,500 MYR+180%
Fund Accountant5,500 MYR+34%
Grants Coordinator5,190 MYR+26%
Internal Auditor8,340 MYR+100%
Internal Control Adviser8,200 MYR+100%
Internal Control Officer7,120 MYR+73%
Inventory Accountant12,800 MYR+210%
Investment Analyst10,300 MYR+150%
Investment Fund Manager10,600 MYR+160%
Investment Underwriter4,880 MYR+19%
Investor7,560 MYR+84%
Investor Relations Manager9,390 MYR+130%
KYC Team Leader9,570 MYR+130%
Management Economist8,350 MYR+100%
Paymaster5,870 MYR+43%
Payroll Clerk4,780 MYR+16%
Payroll Manager7,590 MYR+85%
Pensions Administrator5,820 MYR+42%
Pricing Analyst8,250 MYR+100%
Private Equity Analyst9,040 MYR+120%
Proposal Development Coordinator5,730 MYR+39%
Receivables Accountant5,290 MYR+29%
Regulatory Accountant6,370 MYR+55%
Retirement Plan Analyst8,000 MYR+95%
Revenue Management Specialist6,920 MYR+68%
Revenue Recognition Analyst10,500 MYR+160%
Risk Management Director12,500 MYR+200%
Risk Management Supervisor9,860 MYR+140%
Tax Accountant5,410 MYR+32%
Tax Advisor7,480 MYR+82%
Tax Associate5,970 MYR+45%
Tax Manager11,000 MYR+170%
Teller3,660 MYR-11%
Treasury Accountant6,010 MYR+46%
Treasury Analyst8,300 MYR+100%
Underwriter4,410 MYR+7%
Underwriting Assistant4,160 MYR+1%
Vice President of Finance11,300 MYR+180%

Salary Comparison By City

CityAverage Salary
Ampang3,790 MYR
Ipoh4,530 MYR
Johor Bahru4,120 MYR
Klang3,730 MYR
Kota Kinabalu4,000 MYR
Kuala Lumpur4,660 MYR
Kuching4,180 MYR
Petaling Jaya4,320 MYR
Shah Alam4,510 MYR
Subang Jaya4,140 MYR
0 - 0

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