Growth Trends for Related Jobs
Construction companies and contractors would not be able to track their revenue and expenses as efficiently without construction bookkeepers. Construction bookkeepers typically use bookkeeping software to track money spent on supplies, materials and labor – and checks and credit card purchases made from vendors. They also reconcile all transactions to uncover any discrepancies in their record-keeping. If you want to be a construction bookkeeper, you may increase your number of job opportunities by earning an associate's or bachelor's degree in accounting, although many jobs don't require college degrees. Average salaries for construction bookkeepers are slightly under $40,000 annually.
Income and Qualifications
Most construction bookkeepers, or bookkeeping clerks, get paid by the hour. If you worked full time, your would earn $39,000 per year as of 2013, according to the job website Indeed, or $18.75 per hour, based on a 40-hour workweek. About 25 percent of bookkeepers, including those in the construction industry, had associate's or bachelor's degrees as of March 2012, according to the U.S. Bureau of Labor Statistics. Many employers only require a high school diploma, but they also prefer that you have at least two or three years experience as a bookkeeper. You must also be detail-oriented, and have math, computer and verbal and written communication skills.
Income by Region
In 2013, average incomes for construction bookkeepers varied somewhat within the difference U.S. regions. In the Northeast region, they earned the lowest incomes of $34,000 in Pennsylvania and the highest of $46,000 in New York, according to Indeed. They made $27,000 and $43,000 per year, respectively, in Hawaii and California, which were the lowest and highest earnings in the West. If you worked in the South region, you would earn the lowest income of $33,000 in Louisiana and the highest of $45,000 in Mississippi. Your lowest or highest earnings in the Midwest would be $30,000 or $41,000, respectively, in South Dakota or Illinois.
You will likely earn more money as a construction bookkeeper as you gain experience. Once you have three years of experience, you can apply to become a certified bookkeeper through the American Institute of Professional Bookkeepers, according to the BLS. Certification in bookkeeping can help you qualify for higher-paying jobs, once you pass the 50-question exam. Larger construction companies usually pay more than smaller ones because they have the larger revenue bases to support higher salaries. Moreover, your income would be higher in New York, California and Illinois because it costs more to live in those states.
Jobs for bookkeeping, accounting and auditing clerks, including construction bookkeepers, are projected to increase 14 percent in the next decade, according to the BLS, which is on par with the 14 percent average for all occupations. Your number of job opportunities as a construction bookkeeper will be contingent on the economy. As of May 2013, the BLS reports that the number of new jobs in the construction industry has averaged 27,000 per month the past six months. Additionally, companies must examine their financial records more closely because of federal financial laws, which can increase demand for construction bookkeepers.
- U.S. Bureau of Labor Statistics: Bookkeeping, Accounting, and Auditing Clerks: Job Outlook
- Design Tech Homes: Bookkeeper
- Accounttemps: Construction Bookkeeper
- Monster: Glacier Development Company: Glacier Construction Management
- Indeed: Construction Bookkeeper Salary
- Indeed: Construction Bookkeeper Salary in Pennsylvania, and New York
- Indeed: Construction Bookkeeper Salary in Hawaii, and California
- Indeed: Construction Bookkeeper Salary in Louisiana, and Mississippi
- Indeed: Construction Bookkeeper Salary in South Dakota, and Illinois
- U.S. Bureau of Labor Statistics: Economic News Release: Employment Situation Summary