Accounting Assistant Salary
Accounting Assistants in the United States take home approximately $15.57 per hour on average. Total cash compensation to Accounting Assistants bottoms out near $26K and approaches $47K on the high end; the biggest paychecks include approximately $5K from bonuses and almost $4K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by the company and years of experience. The vast majority (87 percent) of Accounting Assistants who took the survey are female. 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 slightly more than half. Job satisfaction is reported as high by the vast majority of workers. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$29,380 - $50,743|
|Bonus||$250.00 - $4,830|
|Profit Sharing||$300.00 - $4,399|
|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).)
|$25,678 - $46,993|
|Hourly Rate||$11.87 - $20.52|
|Overtime||$17.99 - $31.11|
|Bonus||$250.00 - $4,830|
|Profit Sharing||$300.00 - $4,399|
|Total Pay (||$25,678 - $46,993|
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
It's not very common for Accounting Assistants to move on to become Financial Controllers. Average pay for a Financial Controller is $77K annually. The most common next step for an Accounting Assistant is to become a Staff Accountant or an Accountant. The former position pays an additional $9K per year on average, and the latter position pays $10K more per year.
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 participants wield an impressively varied skill set 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. Those familiar with Accounts Payable also tend to know 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
With a pay rate for Accounting Assistants that is 26 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Accounting Assistants will also find cushy salaries in New York (+16 percent), Milwaukee (+10 percent), Seattle (+10 percent), and Chicago (+9 percent). Miami is home to the smallest salaries in the field, lagging the national average by 6 percent. Below-median salaries also turn up in St. Louis and Houston (2 percent lower).
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