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The differences between bookkeepers and treasurers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a bookkeeper, becoming a treasurer takes usually requires 6-8 years. Additionally, a treasurer has an average salary of $80,467, which is higher than the $40,337 average annual salary of a bookkeeper.
The top three skills for a bookkeeper include payroll tax returns, customer service and reconciliations. The most important skills for a treasurer are payroll, fraternity, and bank accounts.
| Bookkeeper | Treasurer | |
| Yearly salary | $40,337 | $80,467 |
| Hourly rate | $19.39 | $38.69 |
| Growth rate | -5% | 17% |
| Number of jobs | 38,481 | 18,358 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 74% |
| Average age | 51 | 46 |
| Years of experience | 6 | 8 |
Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.
The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.
Bookkeepers and treasurers have different pay scales, as shown below.
| Bookkeeper | Treasurer | |
| Average salary | $40,337 | $80,467 |
| Salary range | Between $30,000 And $52,000 | Between $37,000 And $173,000 |
| Highest paying City | Washington, DC | Cambridge, MA |
| Highest paying state | New York | Maine |
| Best paying company | NTT Data International L.L.C. | Partners Group LTD |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a bookkeeper and a treasurer in terms of educational background:
| Bookkeeper | Treasurer | |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 74% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bookkeepers' and treasurers' demographics:
| Bookkeeper | Treasurer | |
| Average age | 51 | 46 |
| Gender ratio | Male, 15.4% Female, 84.6% | Male, 48.0% Female, 52.0% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |