Assistant Accountant Salary
An average Assistant Accountant in the United States can expect to take home roughly $15.57 per hour. Residence and career length each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — more than a third lack coverage. On the flip side, more than half have medical insurance and more than two-fifths receive dental plans. The majority of workers are highly satisfied with their job. Female Assistant Accountants make up most of the survey respondents at 76 percent. This snapshot results from replies to PayScale's salary survey.
|Salary||$27,777 - $58,379|
|Bonus||$244.68 - $4,122|
|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).)
|$24,373 - $53,769|
|Hourly Rate||$10.96 - $21.23|
|Overtime||$18.10 - $34.12|
|Bonus||$244.68 - $4,122|
|Total Pay (||$24,373 - $53,769|
Job Description for Assistant Accountant
Assistant accountants aid in the day-to-day operations of an accounting department, typically reporting to a senior accountant or production accountant. Specific daily tasks vary based on whether or not an assistant accountant is hired by an individual accountant or an accounting firm.Read More...
When hired by an individual accountant, job duties usually include basic office work such as filing documents, answering phones, and corresponding with clients. Assistant accountants will also assist with basic financial work such as bookkeeping. Assistant accountants who work in large corporations typically work in the accounts payable or payroll departments. They keep track of vendor invoices, including payments received or paid, and many times, they document employee time and pay – sick days, vacations, bonuses, or overtime.
Assistant accountant is typically an entry-level position that may be performed by students who are currently in the process of obtaining a bachelor’s or master’s degree in the field of accounting. Assistant accountants should have prior bookkeeping experience and/or a certification, such as a bachelor’s degree, in accounting. Organization and attention to details are expected from assistant accountants, as they deal with very sensitive financial information. (Copyright 2017 PayScale.com)
Assistant Accountant Tasks
- Analyze financial data in order to prepare financial reports.
- Generate and interpret financial records and statements for management.
- Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Maintain general ledger as needed.
Common Career Paths for Assistant Accountant
There are some Assistant Accountants — though it's uncommon — that transition into Financial Controllers, where earnings are an average $77K annually. Typical career progression for an Assistant Accountant involves becoming an Accountant or a Staff Accountant, roles that pay $8K more and $7K more on average.
Assistant Accountant Job Listings
Popular Skills for Assistant Accountant
Survey results suggest that Assistant Accountants put a wide range of professional skills to use. Most notably, skills in General Ledger Accounting, Payroll Administration, Accounts Receivable, and Accounts Payable are correlated to pay that is above average. Skills that pay less than market rate include Quickbooks and Microsoft Excel. Those proficient in Accounts Payable are, more often than not, also skilled in Accounts Receivable and Bookkeeping.
Pay by Experience Level for Assistant Accountant
Pay by Experience for an Assistant Accountant has a positive trend. An entry-level Assistant Accountant with less than 5 years of experience can expect to earn an average total compensation of $34,000 based on 282 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Accountant 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 83 salaries. An experienced Assistant Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 68 salaries. An Assistant Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $45,000 based on 41 salaries.
Pay Difference by Location
For Assistant Accountants, busy Boston offers a higher-than-average pay rate, 23 percent above the national average. Assistant Accountants will also find cushy salaries in Phoenix (+15 percent), New York (+12 percent), Seattle (+10 percent), and Los Angeles (+10 percent). The smallest paychecks in the market, 9 percent south of the national average, can be found in San Diego. Employers pay around 8 percent less in Chicago and 7 percent less in Dallas, below-median salaries for those in this field.
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