HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Bookkeeper Average Salary in Colombia 2024

How much money does a person working as Bookkeeper make in Colombia?


Average Monthly Salary
2,160,000 COP
( 25,900,000 COP yearly)

LOW
1,150,000
COP
AVERAGE
2,160,000
COP
HIGH
3,290,000
COP
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Bookkeeper in Colombia typically earns around 2,160,000 COP. Salaries range from 1,150,000 COP (lowest) to 3,290,000 COP (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Bookkeeper salaries in Colombia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Bookkeeper Pay Scale and Salaries in Colombia

Median and salary distribution Colombia Bookkeeper monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/accounting-and-finance/bookkeeper/median-and-salary-distribution-monthly-colombia-bookkeeper.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
1,940,000 COP or more
10% of people earn
1,730,000 to 1,940,000 COP
20% of people earn
1,280,000 COP or less
65% of people earn
1,280,000 to 1,730,000 COP
Minimum Salary
1,150,000
COP
Median
1,950,000
COP
Maximum
3,290,000
COP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Bookkeeper in Colombia range from 1,150,000 COP (starting salary) to 3,290,000 COP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 1,950,000 COP, half of the professionals who work as Bookkeeper in Colombia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bookkeeper in Colombia earn less than 1,620,000 COP, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,210,000 COP while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bookkeeper in Colombia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,280,000 COP to 1,730,000 COP. About 20% of salaries are below the 1,280,000 COP mark, while 10% fall within the range of 1,730,000 COP to 1,940,000 COP. Only 5% of individuals have salaries exceeding 1,940,000 COP.

Salary Comparison by Years of Experience / Bookkeeper / Colombia

How do experience and age affect pay?

0 - 2 Years
1,320,000 COP
2 - 5 Years+23%
1,620,000 COP
5 - 10 Years+42%
2,290,000 COP
10 - 15 Years+17%
2,680,000 COP
15 - 20 Years+10%
2,940,000 COP
20+ Years+6%
3,110,000 COP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Colombia Bookkeeper
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/accounting-and-finance/bookkeeper/salary-comparison-by-years-of-experience-monthly-colombia-bookkeeper.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bookkeeper and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,320,000 COP.

While someone with an experience level between two and five years is expected to earn 1,620,000 COP, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,290,000 COP, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,680,000 COP, 17% 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 2,940,000 COP, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,110,000 COP, 6% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Bookkeeper / Colombia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bookkeeper.

High School
1,620,000 COP
Certificate or Diploma+40%
2,260,000 COP
Bachelor's Degree+42%
3,200,000 COP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Colombia Bookkeeper
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/accounting-and-finance/bookkeeper/salary-comparison-by-education-level-monthly-colombia-bookkeeper.jpg

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 salaries by education level for the position Bookkeeper in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 1,620,000 COP.


Level 2: Certificate or Diploma

At this level, the average salary becomes 2,260,000 COP, 40% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 3,200,000 COP, 42% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Bookkeeper / Colombia

Salary comparison by gender Colombia Bookkeeper monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/accounting-and-finance/bookkeeper/salary-comparison-by-gender-monthly-colombia-bookkeeper.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bookkeeper in Colombia, the average difference between the salary of male and female employees is 12%.

Male
2,260,000 COP
Female-11%
2,010,000 COP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Colombia for all Careers

Salary comparison by gender monthly Colombia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/salary-comparison-by-gender-monthly-colombia.jpg


Average Annual Salary Increment Percentage / Bookkeeper / Colombia

How much are annual salary increments in Colombia for individuals working as Bookkeeper? How often do employees get salary raises?

Individuals working as Bookkeeper in Colombia are likely to observe a salary increase of approximately 9% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Colombia Bookkeeper
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/accounting-and-finance/bookkeeper/annual-salary-increment-rate-colombia-bookkeeper.jpg


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.

Colombia / All Professions

Annual Salary Increment Rate Colombia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/annual-salary-increment-rate-colombia.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Colombia is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Bookkeeper / Colombia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Colombia Bookkeeper
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/colombia/accounting-and-finance/bookkeeper/annual-salary-bonus-rate-colombia-bookkeeper.jpg

77% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 23% 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
23%
No Bonus
77%

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.

Average Hourly Wage / Bookkeeper / Colombia


12,500 COP per hour

The average hourly wage (pay per hour) for individuals working as Bookkeeper in Colombia is 12,500 COP.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Bookkeeper in Colombia is 6,610 COP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner2,340,000 COP+8%
Account Executive4,200,000 COP+94%
Accountant3,080,000 COP+43%
Accounting Analyst3,970,000 COP+84%
Accounting Assistant2,530,000 COP+17%
Accounting Associate2,310,000 COP+7%
Accounting Clerk2,000,000 COP-7%
Accounting Coordinator2,800,000 COP+30%
Accounting Head6,640,000 COP+210%
Accounting Manager6,980,000 COP+220%
Accounting Officer2,510,000 COP+16%
Accounting Specialist4,360,000 COP+100%
Accounting Supervisor4,400,000 COP+100%
Accounting Technician2,340,000 COP+8%
Accounting Unit Controller5,670,000 COP+160%
Accounts Executive4,230,000 COP+96%
Accounts Officer2,640,000 COP+22%
Accounts Payable and Receivable Specialist3,490,000 COP+61%
Accounts Payable Assistant2,610,000 COP+21%
Accounts Payable Associate3,070,000 COP+42%
Accounts Payable Clerk2,560,000 COP+18%
Accounts Payable Manager6,450,000 COP+200%
Accounts Receivable Administrator4,650,000 COP+120%
Accounts Receivable Clerk2,540,000 COP+18%
Accounts Receivable Financial Analyst4,580,000 COP+110%
Accounts Receivable Manager6,310,000 COP+190%
Accounts Receivable Team Leader4,770,000 COP+120%
Algorithmic Trading Specialist6,040,000 COP+180%
Assistant Accountant2,620,000 COP+21%
Assistant Accounting Manager6,310,000 COP+190%
Assistant Auditor3,210,000 COP+49%
Assistant Corporate Controller4,670,000 COP+120%
Assistant Finance Manager7,070,000 COP+230%
Assistant Financial Controller4,460,000 COP+110%
Audit Director7,730,000 COP+260%
Audit Supervisor6,140,000 COP+180%
Auditing Clerk2,640,000 COP+22%
Auditing Manager6,910,000 COP+220%
Billing Clerk2,430,000 COP+12%
Billing Coordinator3,040,000 COP+41%
Billing Specialist3,460,000 COP+60%
Billing Supervisor5,290,000 COP+140%
Bookkeeper2,160,000 COP-0%
Bookkeeping Specialist3,190,000 COP+48%
Budget Analyst5,910,000 COP+170%
Budget Manager6,720,000 COP+210%
Business Support Analyst3,620,000 COP+67%
Capital Markets Associate4,790,000 COP+120%
Cash Flow Analyst5,150,000 COP+140%
Cash Management Manager6,410,000 COP+200%
Cash Management Officer3,900,000 COP+80%
Cashbook Clerk2,330,000 COP+8%
Chartered Accountant4,110,000 COP+90%
Chief Accountant4,940,000 COP+130%
Chief Financial Technology Officer6,720,000 COP+210%
Collections Clerk1,980,000 COP-8%
Collections Representative3,010,000 COP+39%
Collections Specialist3,400,000 COP+57%
Corporate Controller5,220,000 COP+140%
Corporate Treasurer6,380,000 COP+200%
Cost Accountant3,420,000 COP+58%
Cost Accounting Manager6,280,000 COP+190%
Cost Accounting Supervisor5,510,000 COP+150%
Cost Analyst5,290,000 COP+140%
Credit and Collection Manager6,510,000 COP+200%
Credit and Collection Staff2,620,000 COP+21%
Credit and Loans Officer2,270,000 COP+5%
Credit Controller4,600,000 COP+110%
Credit Manager6,870,000 COP+220%
Debt Adviser5,630,000 COP+160%
Debt Collector2,600,000 COP+20%
Debtors Clerk2,330,000 COP+8%
Debtors Controller2,510,000 COP+16%
Deputy CFO8,890,000 COP+310%
Deputy Head of Finance8,830,000 COP+310%
Derivative Trader5,480,000 COP+150%
Director of Finance10,100,000 COP+370%
E-commerce Accountant3,530,000 COP+63%
Economist7,450,000 COP+240%
Equity Analyst5,860,000 COP+170%
Escrow Assistant3,080,000 COP+43%
Executive Accountant3,690,000 COP+71%
External Auditor4,410,000 COP+100%
Finance Administrator3,780,000 COP+75%
Finance Analyst5,980,000 COP+180%
Finance Associate2,950,000 COP+36%
Finance Data Analyst5,260,000 COP+140%
Finance Director9,500,000 COP+340%
Finance Executive6,690,000 COP+210%
Finance Licensing Clerk2,440,000 COP+13%
Finance Licensing Manager6,120,000 COP+180%
Finance Licensing Specialist3,630,000 COP+68%
Finance Manager9,450,000 COP+340%
Finance Officer3,060,000 COP+42%
Finance President9,550,000 COP+340%
Finance Relationship Manager7,300,000 COP+240%
Finance Release Analyst3,760,000 COP+74%
Finance Specialist5,300,000 COP+150%
Finance Team Leader 7,010,000 COP+220%
Financial Accountant3,380,000 COP+56%
Financial Actuary4,830,000 COP+120%
Financial Administrator5,390,000 COP+150%
Financial Advisor6,090,000 COP+180%
Financial Analyst5,720,000 COP+160%
Financial Applications Specialist4,020,000 COP+86%
Financial Assistant2,710,000 COP+25%
Financial Associate3,040,000 COP+41%
Financial Claims Analyst4,560,000 COP+110%
Financial Claims Manager5,720,000 COP+160%
Financial Claims Supervisor5,560,000 COP+160%
Financial Clerk2,420,000 COP+12%
Financial Commercial Analyst4,550,000 COP+110%
Financial Compliance Analyst5,430,000 COP+150%
Financial Compliance Officer5,400,000 COP+150%
Financial Consultant4,310,000 COP+99%
Financial Controller5,270,000 COP+140%
Financial Coordinator3,170,000 COP+47%
Financial Customer Service Manager6,310,000 COP+190%
Financial Data Scientist6,010,000 COP+180%
Financial Dealer and Broker3,620,000 COP+67%
Financial Director10,100,000 COP+370%
Financial Encoder2,870,000 COP+33%
Financial Manager9,050,000 COP+320%
Financial Modelling Analyst6,090,000 COP+180%
Financial Operations Manager8,790,000 COP+310%
Financial Policy Analyst4,870,000 COP+130%
Financial Project Manager6,520,000 COP+200%
Financial Quantitative Analyst5,700,000 COP+160%
Financial Reporting Consultant4,840,000 COP+120%
Financial Reporting Manager6,000,000 COP+180%
Financial Section Head6,040,000 COP+180%
Financial Services Manager8,620,000 COP+300%
Financial Services Sales Agent3,640,000 COP+68%
Financial Technology Consultant5,060,000 COP+130%
Financial Wellness Coach6,910,000 COP+220%
FinTech Analyst5,500,000 COP+150%
Fixed Assets Administrator3,590,000 COP+66%
Forensic Accountant3,680,000 COP+70%
Fraud Detection Supervisor4,040,000 COP+87%
Fraud Prevention Manager7,000,000 COP+220%
Fund Accountant3,120,000 COP+44%
Grants Coordinator2,380,000 COP+10%
Green Finance Analyst4,840,000 COP+120%
Group Financial Manager9,460,000 COP+340%
Internal Auditor4,420,000 COP+100%
Internal Control Adviser5,150,000 COP+140%
Internal Control Officer2,990,000 COP+38%
International Tax Director8,220,000 COP+280%
Inventory Accountant3,330,000 COP+54%
Investment Advisor9,140,000 COP+320%
Investment Analyst6,400,000 COP+200%
Investment Associate5,300,000 COP+150%
Investment Broker5,700,000 COP+160%
Investment Fund Manager7,390,000 COP+240%
Investment Operations Manager7,180,000 COP+230%
Investment Underwriter2,670,000 COP+24%
Investor4,070,000 COP+88%
Investor Relations Manager6,650,000 COP+210%
KYC Team Leader6,390,000 COP+200%
Loan Processor2,760,000 COP+28%
Management Accountant3,700,000 COP+71%
Management Economist7,700,000 COP+260%
Paymaster2,540,000 COP+18%
Payroll Administrator4,190,000 COP+94%
Payroll Benefits Coordinator3,630,000 COP+68%
Payroll Billing Manager6,280,000 COP+190%
Payroll Clerk2,900,000 COP+34%
Payroll Manager5,770,000 COP+170%
Payroll Officer2,840,000 COP+31%
Payroll Specialist3,560,000 COP+65%
Payroll Supervisor4,230,000 COP+96%
Pensions Administrator3,500,000 COP+62%
Personal Financial Advisor4,920,000 COP+130%
Pricing Analyst5,240,000 COP+140%
Private Equity Analyst5,970,000 COP+180%
Project Accountant3,510,000 COP+62%
Proposal Development Coordinator2,940,000 COP+36%
Quantitative Trader4,900,000 COP+130%
Receivables Accountant3,120,000 COP+44%
Regulatory Accountant3,460,000 COP+60%
Retirement Plan Analyst5,220,000 COP+140%
Revenue Management Specialist5,690,000 COP+160%
Revenue Recognition Analyst5,790,000 COP+170%
Risk Management Director7,860,000 COP+260%
Risk Management Supervisor6,780,000 COP+210%
Staff Accountant3,020,000 COP+40%
Tax Accountant3,270,000 COP+51%
Tax Administrator3,680,000 COP+70%
Tax Advisor4,930,000 COP+130%
Tax Analyst5,170,000 COP+140%
Tax Associate2,790,000 COP+29%
Tax Consultant5,100,000 COP+140%
Tax Director7,770,000 COP+260%
Tax Examiner3,370,000 COP+56%
Tax Manager6,640,000 COP+210%
Tax Research Manager6,960,000 COP+220%
Teller1,920,000 COP-11%
Treasury Accountant3,440,000 COP+59%
Treasury Analyst5,380,000 COP+150%
Underwriter2,220,000 COP+3%
Underwriting Assistant2,190,000 COP+1%
Vice President of Finance8,980,000 COP+320%

Salary Comparison By City

CityAverage Salary
Bogota2,380,000 COP

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Colombia is 11% on average across all career fields.

Private Sector
4,410,000 COP
Public Sector+11%
4,900,000 COP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Bookkeeper in Colombia?

A good and competitive compensation would range anywhere between 1,950,000 COP and 2,210,000 COP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Bookkeeper in Colombia ranges from 1,150,000 COP to 1,620,000 COP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Spanish

©Salary Explorer 2024