Accounting Technician Salary
Pay for Accounting Technicians in the United States is very modest at just $39K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. The vast majority (84 percent) of Accounting Technicians who took the survey are female. Medical benefits are awarded to a large number, and a majority earn dental coverage. 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.
Job Description for Accounting Technician
Accounting technicians may work in a variety of environments, including in financial, clerical, or support roles. They perform a variety of duties for accounting firms or departments, such as preparing accounts, handling invoices, handle bookkeeping, and monitor budgets They also often monitor departmental resources, manage payroll, write reports, and audit work.Read More...
Accounting technicians must maintain professional relationships not only with their supervisor, but other office staff and clients. These professionals must be proficient with various accounting software and have a working knowledge of basic computer software such as Microsoft Office. Most of the time, accounting technician work in an office setting during regular business hours. They may be self-employed, as well, handling a wide variety of accounting-related tasks.
This position typically requires basic accounting knowledge, which could include a combination of previous work experience with vocational or technical school or an associate's degree in a general accounting.
Accounting Technician Tasks
- Sort documents and post debits/credits to proper account .
- Verify amounts and codes on various forms for accuracy.
- Balance entries and make necessary corrections.
- Maintain and make necessary adjustments to records and/or logs such as journals, payroll/ time reports, or property records.
- Verify and reconcile simple bank statements or department records.
Common Career Paths for Accounting Technician
Accounting Technicians might see a strong upturn in salary after transitioning into upper-level roles such as Accountant, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $44K per year.
Accounting Assistant Job Listings
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Popular Skills for Accounting Technician
Accounting Technicians seem to exploit a large range of skills on the job. Most notably, skills in Financial Reporting, Accounting, General Ledger Accounting, and Data Entry are correlated to pay that is above average, with boosts between 6 percent and 12 percent. Skills that pay less than market rate include Reconciliation and Microsoft Office. Most people familiar with Accounts Payable also know Microsoft Excel.
Pay by Experience Level for Accounting Technician
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 $34K. 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 $39K in this role. Survey participants who have worked for more than two decades report bringing in $40K on average.