Associate Accountant Salary
Associate Accountants in the United States take home approximately $47K per year on average. Location and tenure each impact pay for this group, with the former having the largest influence. Most workers in this position report moderate levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Women Associate Accountants who took the survey just slightly outnumber men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
|Salary||$38,485 - $60,766|
|Bonus||$789 - $5,113|
|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).)
|$34,949 - $59,946|
|Hourly Rate||$14.50 - $25.20|
|Overtime||$26.43 - $38.77|
|Bonus||$789 - $5,113|
|Total Pay (||$34,949 - $59,946|
Job Description for Associate Accountant
An associate accountant is primarily responsible for managing the accounts payable processes of the company, including payments on vendor invoices, audits and requests for funds from other departments of the company, and recordkeeping pertaining to accounts; these records can include reconciliation of accounts, journal entries, receipts, and lockbox logs. Additionally, associate accountants review reports from other employees to ensure that they are accurate and complete. Associate accountants generally work full time in an office environment and are not required to travel. Associate accountants often report directly to a general accountant, and they may be required to perform additional tasks as requested by the general accountant or other managers.Read More...
Applicants for associate accountant positions must have a minimum of a bachelor's degree in accounting, finance, or a related field, and they must have at least two years of relevant experience. They must be proficient in basic computer programs such as the Microsoft Office suite. Knowledge of Lawson Financials and expense management systems is generally preferred, but not required. Associate accountants are expected to work as part of a team, and strong written and verbal communication skills are required. The ability to take orders from management and complete them with minimal supervision is also required. Applicants must be self-motivated, accurate, and attentive to details, with the ability to work on several projects simultaneously.
Associate 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 Associate Accountant
Associate Accountants who go on to become Senior Financial Analysts may see their salaries climb quite a bit. Median pay for Senior Financial Analysts is $76K annually. The most common promotion for Associate Accountants is Senior Accountant, a position that typically pays $60K annually. Another standard transition for Associate Accountants seeking advancement is to assume a Staff Accountant role, where pay is often $44K.
Popular Skills for Associate Accountant
Associate Accountants report using a diverse set of skills on the job. Most notably, skills in General Ledger Accounting, Financial Reporting, Tax Preparation, and Accounts Payable are correlated to pay that is above average. Skills that pay less than market rate include Accounting and Auditing. Those familiar with Accounts Payable also tend to know Accounts Receivable.
Pay by Experience Level for Associate Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers with less than five years' experience earn around $47K on average. It may be worth noting that those who have five to 10 years under their belts see a lower median salary of $46K. Associate Accountants see a median salary of $49K after reaching one to two decades on the job. Associate Accountants who have spent more than 20 years on the job report earning a significantly higher median of $55K.
Pay Difference by Location
Albany is home to an above-average pay rate for Associate Accountants, 46 percent higher than the national average. Associate Accountants will also find cushy salaries in New York (+24 percent), Los Angeles (+24 percent), Boston (+18 percent), and Austin (+12 percent). Those in the field find the lowest salaries in Milwaukee, 3 percent below the national average.
Related Job Salaries
Key Stats for Associate Accountant
Rated 4 out of 5
based on 25 votes.