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Bookkeeper Average Salary in Denmark 2020

How much money does a Bookkeeper make in Denmark?


Average Monthly Salary
18,500 DKK
( 222,000 DKK yearly)

LOW
9,430
DKK
AVERAGE
18,500
DKK
HIGH
28,500
DKK

A person working as a Bookkeeper in Denmark typically earns around 18,500 DKK per month. Salaries range from 9,430 DKK (lowest) to 28,500 DKK (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 Denmark

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

  • Salary Range

    Bookkeeper salaries in Denmark range from 9,430 DKK per month (minimum salary) to 28,500 DKK per month (maximum salary).

  • Median Salary

    The median salary is 18,100 DKK per month, which means that half (50%) of people working as Bookkeeper(s) are earning less than 18,100 DKK while the other half are earning more than 18,100 DKK. 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 12,400 DKK while 75% of them are earning more than 12,400 DKK. Also from the diagram, 75% of Bookkeeper(s) are earning less than 22,800 DKK while 25% are earning more than 22,800 DKK.


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 Denmark 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 10,600 DKK per month.

While someone with an experience level between two and five years is expected to earn 13,800 DKK 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 19,300 DKK 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 23,200 DKK 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 25,200 DKK 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 27,200 DKK per month, 8% more than people with fifteen to twenty years of experience.


Bookkeeper average salary change by experience in Denmark

0 - 2 Years
10,600 DKK
2 - 5 Years+31%
13,800 DKK
5 - 10 Years+40%
19,300 DKK
10 - 15 Years+20%
23,200 DKK
15 - 20 Years+9%
25,200 DKK
20+ Years+8%
27,200 DKK
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 Denmark 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 12,100 DKK per month.

While someone with a Certificate or Diploma gets a salary of 17,800 DKK per month, 47% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 27,300 DKK per month, 53% more than someone with a Certificate or Diploma.


Bookkeeper average salary difference by education level in Denmark

High School
12,100 DKK
Certificate or Diploma+47%
17,800 DKK
Bachelor's Degree+53%
27,300 DKK
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 Denmark 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 Denmark earn 4% more than their female counterparts on average.

Male
18,900 DKK
Female-4%
18,100 DKK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Denmark for all Careers

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

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

Bookkeeper

Bookkeeper(s) in Denmark 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.

Annual Salary Increment Rate Denmark 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.

Denmark / All Professions

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 Denmark is 7%.

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 Denmark 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 Denmark

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

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.

Received Bonus
29%
No Bonus
71%

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.

Bookkeeper Average Hourly Wage in Denmark


110 DKK per hour

The average hourly wage (pay per hour) in Denmark is 110 DKK. This means that the average Bookkeeper in Denmark earns approximately 110 DKK 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 Denmark
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The average salary for Bookkeeper is 55% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner21,100 DKK+14%
Account Executive37,300 DKK+100%
Accountant28,500 DKK+54%
Accounting Assistant21,400 DKK+16%
Accounting Associate19,500 DKK+5%
Accounting Clerk17,100 DKK-8%
Accounting Coordinator25,400 DKK+37%
Accounting Manager60,500 DKK+230%
Accounting Supervisor38,000 DKK+110%
Accounting Technician20,200 DKK+9%
Accounts Executive37,700 DKK+100%
Accounts Payable and Receivable Specialist29,100 DKK+57%
Accounts Payable Clerk20,300 DKK+10%
Accounts Payable Manager57,100 DKK+210%
Accounts Receivable Clerk20,600 DKK+11%
Accounts Receivable Manager57,100 DKK+210%
Assistant Accounting Manager52,100 DKK+180%
Assistant Auditor28,600 DKK+55%
Audit Supervisor53,100 DKK+190%
Auditing Clerk22,900 DKK+24%
Auditing Manager56,600 DKK+210%
Billing Coordinator25,500 DKK+38%
Billing Specialist29,900 DKK+62%
Billing Supervisor44,800 DKK+140%
Bookkeeper18,500 DKK+0%
Bookkeeping Specialist27,500 DKK+49%
Budget Analyst46,300 DKK+150%
Budget Manager58,800 DKK+220%
Business Support Analyst32,200 DKK+74%
Capital Markets Associate44,600 DKK+140%
Cash Flow Analyst41,200 DKK+120%
Cash Management Officer31,900 DKK+73%
Cashbook Clerk19,900 DKK+8%
Chartered Accountant37,500 DKK+100%
Collections Clerk17,200 DKK-7%
Collections Specialist29,700 DKK+61%
Corporate Treasurer55,700 DKK+200%
Cost Accountant27,600 DKK+49%
Cost Accounting Manager55,500 DKK+200%
Cost Analyst47,200 DKK+160%
Credit and Collection Manager57,000 DKK+210%
Credit and Collection Staff21,200 DKK+15%
Credit and Loans Officer20,500 DKK+11%
Credit Controller39,200 DKK+110%
Debt Adviser46,700 DKK+150%
Debt Collector21,800 DKK+18%
Debtors Clerk19,000 DKK+3%
Deputy CFO79,400 DKK+330%
Derivative Trader47,300 DKK+160%
Escrow Assistant25,800 DKK+40%
External Auditor40,400 DKK+120%
Finance Associate23,500 DKK+27%
Finance Executive61,200 DKK+230%
Finance Licensing Clerk20,100 DKK+9%
Finance Licensing Manager56,400 DKK+210%
Finance Licensing Specialist30,700 DKK+66%
Finance Officer28,200 DKK+53%
Finance President82,100 DKK+340%
Finance Relationship Manager68,500 DKK+270%
Finance Release Analyst32,200 DKK+74%
Finance Team Leader 63,400 DKK+240%
Financial Actuary41,600 DKK+130%
Financial Administrator45,300 DKK+150%
Financial Analyst51,200 DKK+180%
Financial Applications Specialist34,400 DKK+86%
Financial Assistant23,500 DKK+27%
Financial Associate22,300 DKK+21%
Financial Claims Analyst38,100 DKK+110%
Financial Claims Manager48,300 DKK+160%
Financial Commercial Analyst42,200 DKK+130%
Financial Compliance Analyst47,000 DKK+150%
Financial Consultant39,400 DKK+110%
Financial Controller44,500 DKK+140%
Financial Coordinator26,100 DKK+41%
Financial Customer Service Manager52,700 DKK+190%
Financial Dealer and Broker32,000 DKK+73%
Financial Encoder24,300 DKK+31%
Financial Manager75,200 DKK+310%
Financial Operations Manager71,600 DKK+290%
Financial Policy Analyst43,400 DKK+130%
Financial Project Manager57,600 DKK+210%
Financial Quantitative Analyst50,300 DKK+170%
Financial Reporting Consultant39,700 DKK+110%
Financial Reporting Manager53,600 DKK+190%
Financial Services Sales Agent29,600 DKK+60%
Fixed Assets Administrator29,200 DKK+58%
Forensic Accountant34,600 DKK+87%
Fraud Detection Supervisor34,100 DKK+84%
Fraud Prevention Manager59,800 DKK+220%
Fund Accountant26,900 DKK+45%
Grants Coordinator20,100 DKK+9%
Internal Auditor37,000 DKK+100%
Internal Control Adviser43,500 DKK+140%
Internal Control Officer25,500 DKK+38%
Inventory Accountant30,700 DKK+66%
Investment Analyst56,500 DKK+210%
Investment Fund Manager64,300 DKK+250%
Investment Underwriter23,500 DKK+27%
Investor36,300 DKK+96%
Investor Relations Manager54,200 DKK+190%
KYC Team Leader54,200 DKK+190%
Management Economist62,700 DKK+240%
Paymaster23,600 DKK+28%
Payroll Clerk25,000 DKK+35%
Payroll Manager50,400 DKK+170%
Pensions Administrator28,500 DKK+54%
Pricing Analyst45,700 DKK+150%
Private Equity Analyst52,300 DKK+180%
Proposal Development Coordinator23,900 DKK+29%
Receivables Accountant25,700 DKK+39%
Regulatory Accountant31,000 DKK+68%
Retirement Plan Analyst44,100 DKK+140%
Revenue Management Specialist48,600 DKK+160%
Revenue Recognition Analyst50,300 DKK+170%
Risk Management Director65,500 DKK+250%
Risk Management Supervisor57,100 DKK+210%
Tax Accountant27,700 DKK+50%
Tax Advisor45,000 DKK+140%
Tax Associate23,900 DKK+29%
Tax Manager56,600 DKK+210%
Teller16,800 DKK-9%
Treasury Accountant29,500 DKK+60%
Treasury Analyst48,700 DKK+160%
Underwriter19,600 DKK+6%
Underwriting Assistant19,500 DKK+5%
Vice President of Finance75,900 DKK+310%

Salary Comparison By City

CityAverage Salary
Copenhagen20,300 DKK

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Denmark earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
39,500 DKK
Public Sector+6%
41,800 DKK
Percentage increase and decrease are relative to the previous value

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