Assistant Accountant Salary
Pay for Assistant Accountants in the United States sits in the ballpark of $15.23 per hour. Residence is the biggest factor affecting pay for this group, followed by career length. Women account for the majority of Assistant Accountants who took the survey — 81 percent to be exact. Job satisfaction for Assistant Accountants is high. While over a third report receiving no health benefits, the greater part do receive medical coverage, and a little less than half have dental, as well. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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.
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 a Staff Accountant or an Accountant, roles that pay $8K more and $8K more on average.
Assistant Accountant Job Listings
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Popular Skills for Assistant Accountant
Survey results suggest that Assistant Accountants use a fairly large toolkit of professional skills. Most notably, skills in General Ledger Accounting, Payroll Administration, Accounts Receivable, and Tax Preparation are correlated to pay that is above average, with boosts between 3 percent and 11 percent. Skills that are correlated to lower pay, on the other hand, include Quickbooks. For most people, competency in Accounts Payable indicates knowledge of Accounts Receivable and Bookkeeping.
Pay by Experience Level for Assistant Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Assistant Accountants — those with more experience do not necessarily bring in higher earnings. Workers in their first five years can expect to earn $34K, but people who have been around for five to 10 years earn a noticeably bigger sum of $38K. Assistant Accountants claiming one to two decades of experience make an estimated median of $41K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $43K.
Pay Difference by Location
Assistant Accountants will find that Memphis offers an impressive pay rate, one which exceeds the national average by 40 percent. Assistant Accountants can also look forward to large paychecks in cities like Boston (+25 percent), Los Angeles (+14 percent), New York (+14 percent), and Seattle (+12 percent). Falling short of the national average by 8 percent, the area with the worst salaries is San Diego. Not at the bottom but still paying below the median are employers in Chicago and Dallas (7 percent lower and 5 percent lower, respectively).
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Key Stats for Assistant Accountant
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