What Is a Business Accounting Specialist Salary?

accounting specialist salary
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If you’re interested in working in a field that makes a difference and can earn you a decent salary, then an accounting specialist position might fit the bill. The image of a dowdy accountant pouring over the books is a thing of the past. Today, an accounting specialist uses cutting-edge technology to perform daily tasks. 

An accounting specialist works within an organization to manage all sorts of financial records and accomplish accounting functions. They help to maintain accurate records for both accounts payable and accounts receivable. In larger firms and organizations, an accounting specialist might be asked to prepare departmental reports and cost projections. 

Jobs are available for accounting specialists in both the public and private sectors. With so many duties, you might wonder what an average accounting specialist salary is. According to the United States Bureau of Labor Statistics, the accounting specialist salary is around$40,240 per year.

What Is a Business Accounting Specialist?

A business accounting specialist works within a company or a department of the government handling financial tasks. This can include maintaining the accounts payable and accounts receivable, ensuring prompt payments going in and out of the organization. A business accounting specialist skills and qualifications include payroll solutions, financial analysis, and more.

In school, students studying to become a business accounting specialist cover a variety of financial topics. These include:

  • Payroll and accounting regulations
  • Essential bookkeeping principles
  • Fundamental accounting principles
  • Computerized accounting systems

A business accounting specialist uses a plethora of accounting software and general business software to accomplish their daily tasks. It helps if you’re certified in using a variety of software accounting programs, such as:

  • Microsoft PowerPoint
  • Microsoft Outlook
  • QuickBooks Pro
  • Microsoft Word
  • Microsoft Excel
  • Microsoft Access

How Much Does an Accounting Specialist Make?

There are a variety of factors that go into a business accounting specialist salary. One factor is the location of the job. For example, a specialist living in New York City will make more than one living in Dallas. The cost of living in the local area holds some influence over average salaries.

The amount of education and experience you already have in the field as an accounting specialist also holds sway over the amount of compensation that you can expect to receive. As you gain certifications and experience, you increase the number of years that you’ve spent at one company. This means that your pay has probably increased based on the number of years that you’ve worked for that specific business.

Since accounting specialist positions are open in both the public and private sectors, this can influence salary. Specialists who work in the public sector work for the government and make a little less than their counterparts working in the private sector. However, working for the government can come with better benefits, such as health insurance, dental insurance, pensions, more vacation time, and more sick time. 

How Much Does a Professional Bookkeeper Make?

You might be wondering what does a bookkeeper do and how is it different from a business accounting specialist. Bookkeepers specialize in controlling and taking responsibility for all of a company’s financial accounts. These accounts are sometimes referred to as the general ledger. As part of their job, a bookkeeper records all financial transactions, including credits and debits. In some cases, the bookkeeper will run various reports and create financial statements for management as needed. 

If you decide to become a bookkeeper, you’ll find that it requires less education than the position of an accounting specialist. Many smaller companies and businesses may prefer hiring a bookkeeper and may not pay as well as a large firm. According to BLS, on average bookkeepers earn close to $40,240 annually. Of course, some places pay less while others offer more money.

How Much Does a QuickBooks Bookkeeper Make?

A QuickBooks bookkeeper is a bookkeeper who has a QuickBooks certification. QuickBooks is a software program geared to help small and medium-sized companies handle all of their general ledger needs. A company can choose between having the software installed on its network or access the program on the cloud. Inuit created this software for bookkeepers to more easily track transactions and run necessary reports.

So you might wonder, how long does it take to become QuickBooks certified? QuickBooks offers an online training course for its certification that takes around 12 hours to complete. You work at your own pace. If you have lots of free time, you could finish quickly. After taking the training course, you must pass a certification exam. You have up to four hours to complete the exam once you start. 

The salary for a QuickBooks bookkeeper is along the same lines as a professional bookkeeper. You’ll find yourself working for small to medium-sized companies that don’t need a fully-qualified accountant on staff. You can expect to earn $33,250 to $43,750 per year.

Computerized Accounting Specialist Salary

A computerized business accounting specialist has the knowledge and skillset to use the latest, greatest cutting-edge accounting software to complete a variety of accounting tasks. These professionals handle a variety of functions, including:

  • Accounting receptionist
  • Payroll clerk
  • Bookkeeper
  • Accounting clerk
  • and much more.

A computerized business accounting specialist must always stay current on the latest software trends and changes to current accounting programs. This is a career path for people who want to work in accounting and enjoy using computers to complete everyday tasks.

You’ll need to specialize during your accounting studies to get certification for computerized accounting specialists. This specialization will include additional classes that cover software usage. According to ZipRecruiter, the average salary for this position is between $34,500 to $52,000 a year.

Education for Business Accounting Specialists

If you want to work as an accounting specialist, you’ll need to have some experience and classes in accounting. While you don’t need a four-year bachelor’s degree for a certified accountant, your local community college or tech school may offer certification for an accounting specialist.

Online schools can also help you acquire the skills and knowledge needed to work as an accounting specialist. In many cases, you’ll earn an associate degree and certification to more easily find a position.

At Southern Careers Institute, we can help you get started on an exciting career in accounting. From a bookkeeper to an accounting specialist, there are many niches for you to enjoy. We believe in: Transformation – Beginning a New You. Contact us today to learn more.

Sources

https://www.bls.gov/ooh/office-and-administrative-support/bookkeeping-accounting-and-auditing-clerks.htm

https://www.ziprecruiter.com/Salaries/Computerized-Accounting-Specialist-Salary

 

Blog Disclaimer: Information stated in this blog is for general information purposes only. SCITexas.edu not assume or guarantee income earning potential or salary expectations based on the programs offered at Southern Careers Institute. 

This article was published on: 01/13/20 8:30 PM

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