Accounting Specialist Salary

Accounting Specialists aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $41K annually. Cash earnings for Accounting Specialists — including $5K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $30K to $54K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to most, and a strong majority earn dental coverage. The majority of workers are highly satisfied with their job. Women account for the majority of Accounting Specialists who took the survey — 82 percent to be exact. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$31,014 - $57,049
(Median)
$31K
$41K
$57K
MEDIAN: $41,449
10%
50%
90%

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$13.15 - $22.25
(Median)
$13
$17
$22
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$31,014 - $57,049  
   
Bonus
$0.00 - $4,923  
Profit Sharing
$352.35 - $5,208  
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).
)
$29,600 - $53,910  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,170
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$13.15 - $22.25  
   
Overtime
$18.78 - $33.58  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $4,923  
   
Profit Sharing
$352.35 - $5,208  
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).
)
$29,600 - $53,910  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,059

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Job Description for Accounting Specialist

  • Processes documents related to expenses, such as checks.
  • Contribute to maintenance of accounting data and provide support as needed to accounting department.
  • Manage various forms of accounting data, such as that related to accounts payable and accounts receivable.

Common Career Paths for Accounting Specialist


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As Accounting Specialists transition into upper-level roles such as Accounting Manager, they may see a strong upturn in salary. Accounting Managers earn $59K on average per year. Staff Accountants or Accountants are common next-step roles for Accounting Specialists moving up in their careers; annual pay for Staff Accountants is $4K higher on average, and it's $4K higher for Accountants.

Accounting Specialist Job Listings

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Popular Skills for Accounting Specialist


Accounting Specialists seem to wield many skills on the job. Most notably, facility with Month-End Close, SAP SAP Financial Accounting and Controlling (SAP FICO), and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 27 percent, 15 percent, and 5 percent, respectively. Those proficient in Accounts Payable are, more often than not, also skilled in Microsoft Excel and Financial Reporting.

Pay by Experience Level for Accounting Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Those in the early stages of their career can expect to make around $37K; however, individuals with five to 10 years of experience bring in $40K on average — a distinctly larger sum. Accounting Specialists see a median salary of $42K after reaching one to two decades on the job. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $41K.

Pay Difference by Location


Denver is home to an above-average pay rate for Accounting Specialists, 12 percent higher than the national average. Accounting Specialists can also look forward to large paychecks in cities like San Diego (+10 percent), Los Angeles (+10 percent), Washington (+9 percent), and Dallas (+8 percent). The smallest paychecks in the market, 12 percent south of the national average, can be found in Orlando. Employers also pay below the national average in St. Louis and Indianapolis (6 percent lower).

Related Job Salaries

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Experience Affects Accounting Specialist Salaries




National Average
$40,000


Skills That Affect Accounting Specialist Salaries

Month-End Close
up arrow 27%



Financial Reporting
up arrow 3%

General Ledger Accounting
up arrow 3%

Payroll Administration
up arrow 3%

Accounting
up arrow 3%

Accounts Receivable
0%

Microsoft Office
0%

Quickbooks
0%

Bookkeeping
0%

National Average
$40,000

Accounts Payable
up arrow 1%

Microsoft Excel
up arrow 2%

Billing
up arrow 2%

Customer Service
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 501 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
21%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 14%