Accounting Assistant Salary
Average Accounting Assistants in the United States make around $15.51 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 $25K on the low end and $47K on the high end. Earnings for this group are mostly affected by geographic location, followed by career duration and the specific company. Accounting Assistants who responded to the questionnaire are largely women, dominating at 87 percent. 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 slightly less than a third lack any coverage at all. Medical benefits are reported by a majority and dental coverage is claimed by over one-half. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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
- 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
There are some Accounting Assistants — though it's uncommon — that transition into Financial Controllers, where earnings are an average $77K annually. Typical career progression for an Accounting Assistant involves becoming a Staff Accountant or an Accountant, roles that pay $9K more and $10K more on average.
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Popular Employer Salaries for Accounting Assistant
Fresenius Medical Care Holdings, Inc. leads the field in terms of pay, with a median salary of $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, Microsoft Excel, and Accounts Receivable are correlated to pay that is above average. Skills that pay less than market rate include Quickbooks and Office Administration. Most people skilled in Accounts Payable are similarly competent in Microsoft Excel and Data Entry.
Pay by Experience Level for Accounting Assistant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Accounting Assistants with a lot of experience do not necessarily enjoy more money. Survey participants with less than five years' experience pocket $33K on average, but those with five to 10 years of experience enjoy a much bigger median of $37K. Accounting Assistants claiming one to two decades of experience make an estimated median of $38K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $39K.
Pay Difference by Location
Accounting Assistants will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 26 percent. Accounting Assistants will also find cushy salaries in New York (+17 percent), Seattle (+9 percent), Minneapolis (+8 percent), and Austin (+7 percent). Miami is the lowest-paying area, 5 percent south of the national average. Employers in San Diego and Houston also lean toward paying below-median salaries (2 percent lower and 1 percent lower, respectively).
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