Assistant Accountant Salary
Assistant Accountants in the United States pull down an average of $15.28 per hour. Residence and career duration each impact pay for this group, with the former having the largest influence. Assistant Accountants who responded to the questionnaire are largely women, dominating at 82 percent. While about a third report receiving no health benefits, the greater part do receive medical coverage, and one-half have dental, as well. Most Assistant Accountants like their work and job satisfaction is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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
- Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Maintain general ledger as needed.
- Analyze financial data in order to prepare financial reports.
- Generate and interpret financial records and statements for management.
Common Career Paths for Assistant Accountant
While Assistant Accountants do not often become Financial Controllers, the job pays $77K per year on average. It is quite typical for Assistant Accountants to transition into roles as Staff Accountants or Accountants, where reported median earnings are $7K and $8K higher per year.
Assistant Accountant Job Listings
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Popular Skills for Assistant Accountant
Overall, survey participants reported applying a fair number of skills to their work. 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 seem to negatively impact pay include Quickbooks. Those proficient in Accounts Payable are, more often than not, also skilled in 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 does not seem to be a strong driver of pay increase in this role. Survey participants with less than five years' experience pocket $35K on average, but those with five to 10 years of experience enjoy a much bigger median of $39K. People with 10 to 20 years of experience make an average of about $40K in this role. Assistant Accountants with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $41K.
Pay Difference by Location
Home to some of the best pay for Assistant Accountants, Boston offers exceptional salaries, 25 percent above the national average. Assistant Accountants will also find cushy salaries in Los Angeles (+14 percent), New York (+12 percent), Seattle (+12 percent), and Austin (+10 percent). With compensation 9 percent below the national average, Denver is not known for hefty paychecks and actually represents the lowest-paying market. San Diego and Chicago are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 7 percent lower, respectively.