Assistant Accountant Salary
Average Assistant Accountants in the United States make around $15.36 per hour. Location is the biggest factor affecting pay for this group, followed by tenure. Men are in the minority of survey respondents, with female Assistant Accountants making up 78 percent. Health benefits are not enjoyed by everyone in this line of work, and over a third lack any coverage at all. Medical benefits are reported by more than half and dental coverage is claimed by slightly less than half. Job satisfaction is reported as high by the vast majority of workers. Respondents to the PayScale salary survey provided the data for this report.
|Salary||$27,882 - $56,859|
|Bonus||$251.68 - $5,463|
|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).)
|$24,498 - $53,350|
|Hourly Rate||$10.98 - $20.66|
|Overtime||$18.05 - $33.58|
|Bonus||$251.68 - $5,463|
|Total Pay (||$24,498 - $53,350|
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
While not commonly seen, Assistant Accountants who transition into a Financial Controller position may see a rise in pay. The median salary for Financial Controllers is $77K per year. 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.
Popular Skills for Assistant Accountant
Assistant Accountants report using a diverse set of skills on the job. Most notably, skills in General Ledger Accounting, Payroll Administration, Accounts Receivable, and Accounts Payable are correlated to pay that is above average. At the other end of the pay range are skills like Quickbooks. For most people, competency in Accounts Payable indicates knowledge of 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
Boston is home to an above-average pay rate for Assistant Accountants, 23 percent higher than the national average. Assistant Accountants can also look forward to large paychecks in cities like Phoenix (+16 percent), New York (+12 percent), Seattle (+11 percent), and Los Angeles (+10 percent). San Diego is the lowest-paying area, 9 percent south of the national average. Two other places where employers offer below-median salaries are Chicago (8 percent less) and Dallas (7 percent less).
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Key Stats for Assistant Accountant
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