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Accounting Specialist Salary

Accounting Specialists in the United States are not likely to strike it rich; they only make around $41K annually on average. In the world of Accounting Specialists, overall income ranges from $30K near the bottom to $54K at the top; this can include more than $5K from bonuses and more than $5K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by experience level. The vast majority of Accounting Specialists (82 percent) who participated in the survey are women. For the most part, Accounting Specialists enjoy their work and report high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.
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$30,973 - $56,397
(Median)
$31K
$41K
$56K
MEDIAN: $41,327
10%
50%
90%

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$13.04 - $22.17
(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$19K$38K$57K
Salary
$30,973 - $56,397  
   
Bonus
$0.00 - $4,911  
Profit Sharing
$342.55 - $5,284  
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).
)
$29,501 - $53,803  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,074
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
$13.04 - $22.17  
   
Overtime
$18.81 - $33.54  
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 - $4,911  
   
Profit Sharing
$342.55 - $5,284  
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).
)
$29,501 - $53,803  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 952
United States (change)

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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Accounting Specialists who transition into an upper level Accounting Manager role may receive a large increase in pay as the position pays an average $59K per year. When Accounting Specialists are ready for the next step in their careers, they often become Staff Accountants or Accountants. Those roles pay an additional $4K and $4K, respectively.

Accounting Specialist Job Listings

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Popular Skills for Accounting Specialist


Accounting Specialists seem to require a rather large skill set. 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 30 percent, 19 percent, and 5 percent, respectively. Those familiar with Accounts Payable also tend to know 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.


The average worker who claims fewer than five years of experience earns around $37K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $40K. People with 10 to 20 years of experience make an average of about $41K in this role. Accounting Specialists with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

Pay Difference by Location


Surpassing the national average by 25 percent, Accounting Specialists in Baltimore receive some of the highest pay in the country. Accounting Specialists can also look forward to large paychecks in cities like San Diego (+14 percent), Denver (+10 percent), Los Angeles (+10 percent), and Dallas (+9 percent). Falling short of the national average by 14 percent, the area with the worst salaries is Orlando. San Antonio and Indianapolis are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 4 percent lower, respectively.

Related Job Salaries

Experience Affects Accounting Specialist Salaries




National Average
$39,000


Skills That Affect Accounting Specialist Salaries

Month-End Close
up arrow 30%



Financial Reporting
up arrow 4%

General Ledger Accounting
up arrow 4%

Accounting
up arrow 4%

Payroll Administration
up arrow 3%

Bookkeeping
up arrow 2%

Microsoft Office
up arrow 1%

Quickbooks
up arrow 1%

Accounts Receivable
0%

National Average
$39,000

Accounts Payable
up arrow 1%

Microsoft Excel
up arrow 1%

Customer Service
up arrow 1%

Billing
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 471 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
21%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 14%