Bookkeeper Salary at Royal Bank BETA
How much does a Royal Bank Bookkeeper make?
As of April 2025, the average annual salary for a Bookkeeper at Royal Bank is $35,663, which translates to approximately $17 per hour. Salaries for Bookkeeper at Royal Bank typically range from $32,184 to $38,855, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Royal Bank?
At Royal Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Bookkeeping: Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.
- Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
- Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
- Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
- General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.
Related Jobs
Check more jobs information at Royal Bank
| Job Title | Average Royal Bank Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Account Manager | $65,172 | $31 |
| 3 | Admin | $43,004 | $21 |
| 4 | Administrative Assistant | $43,004 | $21 |
| 5 | Audit | $118,366 | $57 |
| 6 | Branch Manager & Loan Officer | $43,257 | $21 |
| 7 | Building Services Technician | $36,309 | $17 |
| 8 | Client Advisor | $50,639 | $24 |
| 9 | Customer Service | $35,130 | $17 |
| 10 | Director, Account Management | $167,141 | $80 |
| 11 | Documentation Specialist | $57,848 | $28 |
| 12 | Manager | $90,344 | $43 |
| 13 | Manager, Income Tax | $111,444 | $54 |
Hourly Pay at Royal Bank
FAQ about Salary and Jobs at Royal Bank
The average hourly pay is $17. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $38,855 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $32,184 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.