A person working as a Bookkeeper in United Kingdom typically earns around 60,100 GBP per year. Salaries range from 31,300 GBP (lowest) to 92,000 GBP (highest).
This is the average yearly 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 United Kingdom range from 31,300 GBP per year (minimum salary) to 92,000 GBP per year (maximum salary).
The median salary is 57,700 GBP per year, which means that half (50%) of people working as Bookkeeper(s) are earning less than 57,700 GBP while the other half are earning more than 57,700 GBP. 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 40,000 GBP while 75% of them are earning more than 40,000 GBP. Also from the diagram, 75% of Bookkeeper(s) are earning less than 71,800 GBP while 25% are earning more than 71,800 GBP.
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 35,500 GBP per year.
While someone with an experience level between two and five years is expected to earn 47,600 GBP per year, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 61,900 GBP per year, 30% 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 75,000 GBP per year, 21% 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 81,900 GBP per year, 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 86,200 GBP per year, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 42,200 GBP per year.
While someone with a Certificate or Diploma gets a salary of 60,400 GBP per year, 43% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 83,500 GBP per year, 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 United Kingdom earn 5% more than their female counterparts.
Bookkeeper(s) in United Kingdom are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 15 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 United Kingdom 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.
71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% 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.
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 United Kingdom earn 4% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Bookkeeper salaries in United Kingdom 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.
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 48% 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||76,900 GBP||+28%|
|Account Executive||117,000 GBP||+95%|
|Accounting Assistant||79,700 GBP||+33%|
|Accounting Associate||79,200 GBP||+32%|
|Accounting Clerk||59,900 GBP||-0%|
|Accounting Coordinator||69,000 GBP||+15%|
|Accounting Manager||154,000 GBP||+160%|
|Accounting Supervisor||116,000 GBP||+93%|
|Accounting Technician||76,300 GBP||+27%|
|Accounts Executive||104,000 GBP||+73%|
|Accounts Payable and Receivable Specialist||95,400 GBP||+59%|
|Accounts Payable Clerk||61,900 GBP||+3%|
|Accounts Payable Manager||129,000 GBP||+110%|
|Accounts Receivable Clerk||63,500 GBP||+6%|
|Accounts Receivable Manager||131,000 GBP||+120%|
|Assistant Accounting Manager||105,000 GBP||+75%|
|Assistant Auditor||86,200 GBP||+43%|
|Audit Supervisor||162,000 GBP||+170%|
|Auditing Clerk||81,900 GBP||+36%|
|Auditing Manager||172,000 GBP||+190%|
|Billing Coordinator||96,500 GBP||+61%|
|Billing Specialist||91,700 GBP||+53%|
|Billing Supervisor||117,000 GBP||+95%|
|Bookkeeping Specialist||87,200 GBP||+45%|
|Budget Analyst||95,800 GBP||+59%|
|Budget Manager||144,000 GBP||+140%|
|Business Support Analyst||105,000 GBP||+75%|
|Capital Markets Associate||123,000 GBP||+100%|
|Cash Flow Analyst||125,000 GBP||+110%|
|Cash Management Officer||112,000 GBP||+86%|
|Cashbook Clerk||71,900 GBP||+20%|
|Chartered Accountant||106,000 GBP||+76%|
|Collections Clerk||63,100 GBP||+5%|
|Collections Specialist||76,500 GBP||+27%|
|Corporate Treasurer||202,000 GBP||+240%|
|Cost Accountant||94,600 GBP||+57%|
|Cost Accounting Manager||126,000 GBP||+110%|
|Cost Analyst||122,000 GBP||+100%|
|Credit and Collection Manager||139,000 GBP||+130%|
|Credit and Collection Staff||64,900 GBP||+8%|
|Credit and Loans Officer||70,600 GBP||+17%|
|Credit Controller||116,000 GBP||+93%|
|Debt Adviser||150,000 GBP||+150%|
|Debt Collector||108,000 GBP||+80%|
|Debtors Clerk||87,200 GBP||+45%|
|Deputy CFO||200,000 GBP||+230%|
|Derivative Trader||172,000 GBP||+190%|
|Escrow Assistant||96,200 GBP||+60%|
|External Auditor||118,000 GBP||+96%|
|Finance Associate||95,700 GBP||+59%|
|Finance Executive||189,000 GBP||+210%|
|Finance Licensing Clerk||77,000 GBP||+28%|
|Finance Licensing Manager||114,000 GBP||+90%|
|Finance Licensing Specialist||92,800 GBP||+54%|
|Finance Officer||129,000 GBP||+110%|
|Finance President||239,000 GBP||+300%|
|Finance Relationship Manager||168,000 GBP||+180%|
|Finance Release Analyst||106,000 GBP||+76%|
|Finance Team Leader||133,000 GBP||+120%|
|Financial Actuary||123,000 GBP||+100%|
|Financial Administrator||106,000 GBP||+76%|
|Financial Analyst||126,000 GBP||+110%|
|Financial Applications Specialist||81,200 GBP||+35%|
|Financial Assistant||75,700 GBP||+26%|
|Financial Associate||85,500 GBP||+42%|
|Financial Claims Analyst||107,000 GBP||+78%|
|Financial Claims Manager||125,000 GBP||+110%|
|Financial Commercial Analyst||103,000 GBP||+71%|
|Financial Compliance Analyst||125,000 GBP||+110%|
|Financial Consultant||115,000 GBP||+91%|
|Financial Controller||108,000 GBP||+80%|
|Financial Coordinator||99,800 GBP||+66%|
|Financial Customer Service Manager||143,000 GBP||+140%|
|Financial Dealer and Broker||105,000 GBP||+75%|
|Financial Encoder||65,700 GBP||+9%|
|Financial Manager||251,000 GBP||+320%|
|Financial Operations Manager||163,000 GBP||+170%|
|Financial Policy Analyst||121,000 GBP||+100%|
|Financial Project Manager||113,000 GBP||+88%|
|Financial Quantitative Analyst||130,000 GBP||+120%|
|Financial Reporting Consultant||121,000 GBP||+100%|
|Financial Reporting Manager||147,000 GBP||+140%|
|Financial Services Sales Agent||103,000 GBP||+71%|
|Fixed Assets Administrator||91,600 GBP||+52%|
|Forensic Accountant||94,700 GBP||+58%|
|Fraud Detection Supervisor||114,000 GBP||+90%|
|Fraud Prevention Manager||162,000 GBP||+170%|
|Fund Accountant||85,800 GBP||+43%|
|Grants Coordinator||74,800 GBP||+24%|
|Internal Auditor||123,000 GBP||+100%|
|Internal Control Adviser||128,000 GBP||+110%|
|Internal Control Officer||101,000 GBP||+68%|
|Inventory Accountant||179,000 GBP||+200%|
|Investment Analyst||159,000 GBP||+160%|
|Investment Fund Manager||156,000 GBP||+160%|
|Investment Underwriter||71,900 GBP||+20%|
|Investor Relations Manager||142,000 GBP||+140%|
|KYC Team Leader||146,000 GBP||+140%|
|Management Economist||127,000 GBP||+110%|
|Payroll Clerk||73,200 GBP||+22%|
|Payroll Manager||116,000 GBP||+93%|
|Pensions Administrator||88,400 GBP||+47%|
|Pricing Analyst||126,000 GBP||+110%|
|Private Equity Analyst||126,000 GBP||+110%|
|Proposal Development Coordinator||86,900 GBP||+45%|
|Receivables Accountant||81,600 GBP||+36%|
|Regulatory Accountant||94,300 GBP||+57%|
|Retirement Plan Analyst||125,000 GBP||+110%|
|Revenue Management Specialist||97,700 GBP||+63%|
|Revenue Recognition Analyst||149,000 GBP||+150%|
|Risk Management Director||189,000 GBP||+210%|
|Risk Management Supervisor||149,000 GBP||+150%|
|Tax Accountant||87,700 GBP||+46%|
|Tax Advisor||120,000 GBP||+100%|
|Tax Associate||87,300 GBP||+45%|
|Tax Manager||166,000 GBP||+180%|
|Treasury Accountant||91,200 GBP||+52%|
|Treasury Analyst||125,000 GBP||+110%|
|Underwriting Assistant||65,700 GBP||+9%|
|Vice President of Finance||176,000 GBP||+190%|
|Kingston upon Hull||67,400 GBP|
|St Davids||57,300 GBP|
|Northern Ireland||57,800 GBP|