Associate Accountant Salary
Pay for Associate Accountants in the United States sits in the ballpark of $47K per year. Geography and career length each impact pay for this group, with the former having the largest influence. Women Associate Accountants who took the survey just slightly outnumber men. Though the majority of Associate Accountants do not report high levels of job satisfaction, most are moderately content with their role. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$37,675 - $61,160|
|Bonus||$776 - $5,085|
|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).)
|$34,916 - $60,021|
|Hourly Rate||$14.12 - $25.14|
|Overtime||$25.85 - $38.66|
|Bonus||$776 - $5,085|
|Total Pay (||$34,916 - $60,021|
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' salaries may rise greatly for those who assume a higher-end position such as a Senior Financial Analyst. The average Senior Financial Analyst brings home $76K per year. Becoming a Senior Accountant is, more often than not, the most common role that Associate Accountants move into when they're ready for the next step in their career. The average salary for the position is $60K. Another frequent advance is for Associate Accountants to assume a Staff Accountant role; in this role, workers often earn $44K.
Popular Skills for Associate Accountant
Survey results suggest that Associate Accountants use a fairly large toolkit of professional skills. Most notably, skills in General Ledger Accounting, Financial Reporting, Tax Preparation, and Accounts Payable are correlated to pay that is above average. At the other end of the pay range are skills like Accounting and Auditing. Most people familiar with Accounts Payable also know Accounts Receivable.
Pay by Experience Level for Associate Accountant
Pay by Experience for an Associate Accountant has a positive trend. An entry-level Associate Accountant with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 214 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Associate Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 47 salaries. An experienced Associate Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $49,000 based on 36 salaries. An Associate Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 14 salaries.
Pay Difference by Location
With a pay rate for Associate Accountants that is 47 percent greater than the national average, Albany offers a comfortable salary for those in this profession. Associate Accountants will also find cushy salaries in New York (+25 percent), Los Angeles (+24 percent), Boston (+19 percent), and Austin (+12 percent). Trailing the national average by 2 percent, Milwaukee is the market with the smallest paychecks.
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Key Stats for Associate Accountant
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