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The differences between finance technicians and bookkeepers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a finance technician and a bookkeeper. Additionally, a finance technician has an average salary of $45,251, which is higher than the $40,337 average annual salary of a bookkeeper.
The top three skills for a finance technician include financial reports, financial management and review contracts. The most important skills for a bookkeeper are payroll tax returns, customer service, and reconciliations.
| Finance Technician | Bookkeeper | |
| Yearly salary | $45,251 | $40,337 |
| Hourly rate | $21.76 | $19.39 |
| Growth rate | -5% | -5% |
| Number of jobs | 89,668 | 38,481 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 46% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
Finance technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.
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.
Finance technicians and bookkeepers have different pay scales, as shown below.
| Finance Technician | Bookkeeper | |
| Average salary | $45,251 | $40,337 |
| Salary range | Between $30,000 And $67,000 | Between $30,000 And $52,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Ernst & Young | NTT Data International L.L.C. |
| Best paying industry | Government | Manufacturing |
There are a few differences between a finance technician and a bookkeeper in terms of educational background:
| Finance Technician | Bookkeeper | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 46% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance technicians' and bookkeepers' demographics:
| Finance Technician | Bookkeeper | |
| Average age | 51 | 51 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 15.4% Female, 84.6% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 7% | 7% |