Accounting Assistant Salary
Accounting Assistants in the United States can expect to earn an average of $15.83 per hour. Cash earnings for Accounting Assistants — which occasionally include more than $4K from bonuses and more than $4K from profit sharing — stretch from around $26K to approximately $48K. While the company and tenure impact pay for this group, geographic location is the most influential factor. Job satisfaction for Accounting Assistants is high. Some workers in this field — slightly less than a third — are not awarded benefits. Medical coverage is reported by more than half and dental plans are enjoyed by a little more than half. The vast majority of Accounting Assistants (87 percent) who participated in the survey are women.
|Salary||$29,489 - $52,421|
|Bonus||$205.32 - $4,803|
|Profit Sharing||$491.94 - $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).)
|$26,000 - $48,375|
|Hourly Rate||$12.02 - $20.71|
|Overtime||$18.42 - $32.23|
|Bonus||$205.32 - $4,803|
|Profit Sharing||$491.94 - $4,306|
|Total Pay (||$26,000 - $48,375|
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. (Copyright 2017 PayScale.com)
Accounting Assistant Tasks
- Monitor and follow up on outstanding claims every 14 days.
- Perform billing-related duties as necessary.
- Compile reports for insurance billings.
- Update phone numbers and addresses, and keep payers up to date.
Common Career Paths for Accounting Assistant
Though some Accounting Assistants move into positions like Financial Controller (where the average salary is $77K), this progression is not the norm. A common career progression for an Accounting Assistant is to become a Staff Accountant or an Accountant. Compared to Accounting Assistants, the first group earns $9K more on average, and the second group earns $9K more.
Accounting Assistant Job Listings
Popular Employer Salaries for Accounting Assistant
For Accounting Assistants, comfortable salaries can be found at Fresenius Medical Care Holdings, Inc.; in fact, median earnings sit around $42K, the highest in the area.
Popular Skills for Accounting Assistant
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Financial Reporting, Accounts Payable, Accounts Receivable, and Paying Invoices are correlated to pay that is above average. Skills that pay less than market rate include Quickbooks, Customer Service, and Office Administration. 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
For Accounting Assistants, San Francisco provides a pay rate that is 25 percent greater than the national average. Accounting Assistants will also find cushy salaries in New York (+15 percent), Milwaukee (+9 percent), Seattle (+9 percent), and Chicago (+8 percent). Those in the field find the lowest salaries in Miami, 7 percent below the national average. Not at the bottom but still paying below the median are employers in St. Louis and Houston (3 percent less).
Accounting Assistant Reviews
Related Job Salaries
Key Stats for Accounting Assistant
Rated 5 out of 5
based on 686 votes.