Paymaster vs payroll bookkeeper

The differences between paymasters and payroll bookkeepers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a paymaster and a payroll bookkeeper. Additionally, a paymaster has an average salary of $69,234, which is higher than the $46,087 average annual salary of a payroll bookkeeper.

The top three skills for a paymaster include ADP, payroll processing and payroll system. The most important skills for a payroll bookkeeper are reconciliations, general ledger, and journal entries.

Paymaster vs payroll bookkeeper overview

	Paymaster	Payroll Bookkeeper
Yearly salary	$69,234	$46,087
Hourly rate	$33.29	$22.16
Growth rate	-3%	-3%
Number of jobs	668	8,176
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 36%
Average age	48	48
Years of experience	4	4

Paymaster vs payroll bookkeeper salary

Paymasters and payroll bookkeepers have different pay scales, as shown below.

	Paymaster	Payroll Bookkeeper
Average salary	$69,234	$46,087
Salary range	Between $41,000 And $115,000	Between $34,000 And $60,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between paymaster and payroll bookkeeper education

There are a few differences between a paymaster and a payroll bookkeeper in terms of educational background:

	Paymaster	Payroll Bookkeeper
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 36%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Paymaster vs payroll bookkeeper demographics

Here are the differences between paymasters' and payroll bookkeepers' demographics:

	Paymaster	Payroll Bookkeeper
Average age	48	48
Gender ratio	Male, 27.8% Female, 72.2%	Male, 12.8% Female, 87.2%
Race ratio	Black or African American, 8.9% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 58.5% American Indian and Alaska Native, 1.5%	Black or African American, 9.3% Unknown, 6.1% Hispanic or Latino, 18.5% Asian, 6.1% White, 58.6% American Indian and Alaska Native, 1.5%
LGBT Percentage	10%	10%

Differences between paymaster and payroll bookkeeper duties and responsibilities

Paymaster example responsibilities.

Manage annual professional liability in PeopleSoft for faculty and fellows.
Assist in month end process including accruals and payroll journals.
Create and maintain record of expenses and payments, assisting in the preparation of various reports and reconciliations.
Perform monthly balance sheet account reconciliations including bank and payroll reconciliations.
Maintain detailed records of employment, and provide spreadsheets/data of all payroll functions-for audit purposes in accordance with statutory requirements.
Create new inventory/non-inventory items in QuickBooks accounting system and tracks supplies accurately.

Payroll bookkeeper example responsibilities.

Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
Perform financial management functions including monthly financial statement preparation and bank reconciliations.
Maintain accounts receivable/accounts payable including handling cash and deposits; process reconciliations and financial reports using SchoolFunds.
Process 1099 and W2's.
Process ACH rejections and stop payments.
Post receivables of checks, ACH and credit card payments.

Paymaster vs payroll bookkeeper skills

Common paymaster skills

ADP, 11%
Payroll Processing, 11%
Payroll System, 10%
Accruals, 9%
Reconciliations, 8%
W-2, 8%

Common payroll bookkeeper skills

Reconciliations, 9%
General Ledger, 7%
Journal Entries, 5%
Tax Returns, 4%
Bank Reconciliations, 4%
Payroll Processing, 4%