Accounting Salary at Magnum Bikes Inc BETA

How much does a Magnum Bikes Inc Accounting make?

As of April 2025, the average annual salary for an Accounting at Magnum Bikes Inc is $37,870, which translates to approximately $18 per hour. Salaries for Accounting at Magnum Bikes Inc typically range from $34,647 to $41,252, 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.

Magnum Bikes Inc Overview

Website:
magnumbikes.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
MFG Durable

Founded in 2010 Magnum Bikes has been a leader in innovation and design of electric bicycles. We believe electric bicycles are changing the concept of travel providing a clean, efficient and exciting new mode of transportation that is affordable to all. Our innovation, design and focus on quality allows us to produce stunning high level electric bicycles that lead the e-bike market internationally. Our knowledge and control of the manufacturing process allows us to provide you with the maximum product at the minimum price. Our philosophy is always to put our customer and product first. We stand behind our product 100% and design all of our bikes to be user friendly and easy to service. We work with top brand name bicycle components including Schwalbe, Tektro, Promax, Hesling, 8Fun, Samsung, Selle Royal, Shimano, RST, Wellgo and more. Join us today in the revolution of green clean efficient transportation in style.

See similar companies related to Magnum Bikes Inc

What Skills Does a person Need at Magnum Bikes Inc?

At Magnum Bikes Inc, 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.

  1. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  2. 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.
  3. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  4. 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.
  5. 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.

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Check more jobs information at Magnum Bikes Inc

Job Title Average Magnum Bikes Inc Salary Hourly Rate
2 Director, Retail $56,901 $27
3 General Manager $112,776 $54
4 Sales Support $56,098 $27
5 Warehouse Associate $31,920 $15
6 HR Administrator $46,250 $22
7 Sales Associate $77,899 $37
8 Territory Sales Manager $101,267 $49
9 Chief Executive Officer $644,143 $310
10 Customer Service Sales Support $22,462 $11
11 Customer Support $48,295 $23
12 Manager, Logistics $90,431 $43

Hourly Pay at Magnum Bikes Inc

The average hourly pay at Magnum Bikes Inc for an Accounting is $18 per hour. The location, department, and job description all have an impact on the typical compensation for Magnum Bikes Inc positions. The pay range and total remuneration for the job title are shown in the table below. Magnum Bikes Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $37,870 look to you?

FAQ about Salary and Jobs at Magnum Bikes Inc

1. How much does Magnum Bikes Inc pay per hour?
The average hourly pay is $18. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Magnum Bikes Inc?
According to the data, the highest approximate salary is about $41,252 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Magnum Bikes Inc?
According to the data, the lowest estimated salary is about $34,647 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
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.