Accounting Assistant Salary
Accounting Assistants in the United States can expect to earn an average of $15.65 per hour. Incomes of Accounting Assistants vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $4K cause paychecks to spread between $26K on the low end and $47K on the high end. While the specific employer and experience level impact pay for this group, geography is the most influential factor. The vast majority of Accounting Assistants (87 percent) who participated in the survey are women. Job satisfaction is reported as high by the vast majority of workers. Health benefits are not enjoyed by everyone in this line of work, and just under a third lack any coverage at all. Medical benefits are reported by a majority and dental coverage is claimed by just over a half.
|Salary||$29,324 - $51,414|
|Bonus||$247.03 - $4,167|
|Profit Sharing||$306.39 - $4,306|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$25,846 - $47,382|
|Hourly Rate||$11.94 - $20.60|
|Overtime||$18.25 - $31.80|
|Bonus||$247.03 - $4,167|
|Profit Sharing||$306.39 - $4,306|
|Total Pay (||$25,846 - $47,382|
Job Description for Accounting Assistant
An accounting assistant supports a company in its day-to-day accounting duties. One of the main differences between an accountant and an accounting assistant is that an accounting assistant focuses on administrative, clerical, and data-entry duties. For example, the accounting assistant may upload and scan documents for entry into the company's document-tracking software. The accounting assistant may perform other duties such as processing invoices; filing, sorting, and faxing documents and correspondence; answering phone calls; reviewing documents for accuracy and completeness; tracking inventory; and working on spreadsheets.Read More...
The accounting assistant may report directly to a senior accountant or controller. Accounting assistants work in indoor office environments where they deal mostly with computers and office equipment. An accounting assistant will most likely not be called upon to exert significant physical effort, though on some occasions the accounting assistant may be called upon to lift boxes or perform similar tasks. These professionals will most likely work standard office hours, though some companies may occasionally require extra hours on nights and weekends.
Accounting assistants usually must have at least a high school degree, though some positions may require some college experience or prior work experience. Typically, they are expected to have some bookkeeping knowledge or experience, especially in generally accepted accounting principles. An accounting assistant will also most likely be expected to be proficient with standard office software such as Microsoft Word and Excel, as well as accounting and bookkeeping software such as Quickbooks.
Accounting Assistant Tasks
- Compile reports for insurance billings.
- Update phone numbers and addresses, and keep payers up to date.
- Monitor and follow up on outstanding claims every 14 days.
- Perform billing-related duties as necessary.
Common Career Paths for Accounting Assistant
Accounting Assistants who advance into the role of a Financial Controller are fairly uncommon. Financial Controllers on average earn $77K per year. Accounting Assistants most often move into positions as Staff Accountants or Accountants; those groups report median salaries that are $9K higher and $10K higher, respectively.
Popular Employer Salaries for Accounting Assistant
Accounting Assistants seeking a sizable paycheck can earn the most at Fresenius Medical Care Holdings, Inc., where the average salary comes to $42K.
Popular Skills for Accounting Assistant
Survey results imply that Accounting Assistants deploy a deep pool of skills on the job. Most notably, skills in Financial Reporting, Accounts Payable, Accounts Receivable, and Paying Invoices are correlated to pay that is above average. At the other end of the pay range are skills like Quickbooks and Customer Service. For most people, competency in Accounts Payable indicates knowledge of Microsoft Excel and Data Entry.
Pay by Experience Level for Accounting Assistant
Pay by Experience for an Accounting Assistant has a positive trend. An entry-level Accounting Assistant with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 2,043 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Accounting Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 796 salaries. An experienced Accounting Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $38,000 based on 782 salaries. An Accounting Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $39,000 based on 379 salaries.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Accounting Assistants, 25 percent above the national average. Accounting Assistants can also look forward to large paychecks in cities like New York (+16 percent), Milwaukee (+10 percent), Seattle (+9 percent), and Chicago (+8 percent). Miami is the lowest-paying area, 6 percent south of the national average. Not at the bottom but still paying below the median are employers in St. Louis and Houston (3 percent lower and 2 percent lower, respectively).
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based on 589 votes.