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Associate Accountant Salary

The average Associate Accountant in the United States earns approximately $45K annually. Overall cash earnings of Associate Accountants stretch from $32K near the bottom to $58K at the top, and the heftiest packages can encompass around $5K each from bonuses and profit sharing. Geography is the biggest factor affecting pay for this group, followed by tenure. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. The majority of workers are highly satisfied with their job. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The data in this summary comes from the PayScale salary survey.
$34,728 - $57,455
(Median)
$35K
$45K
$57K
MEDIAN: $44,596
10%
50%
90%

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$13.43 - $22.77
(Median)
$13
$17
$23
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$34,728 - $57,455  
   
Bonus
$0.00 - $4,885  
Profit Sharing
$511 - $4,894  
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).
)
$32,173 - $57,820  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 302
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$13.43 - $22.77  
   
Overtime
$18.12 - $34.39  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $4,885  
   
Profit Sharing
$511 - $4,894  
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).
)
$32,173 - $57,820  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 102
United States (change)

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.

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Associate 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 Associate Accountant


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At the upper end, Associate Accountants who move into a Senior Financial Analyst role can end up with a hefty increase in pay. The average income for Senior Financial Analysts is $74K per year. It is not unusual for an Associate Accountant to become a Senior Accountant or a Staff Accountant.

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Popular Skills for Associate Accountant


Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Auditing, Financial Reporting, and Accounting are correlated to pay that is significantly above average, leading to increases of 26 percent, 20 percent, and 6 percent, respectively. Skills that seem to negatively impact pay include Accounts Payable. Most people familiar with Accounts Payable also know Accounts Receivable.

Pay by Experience Level for Associate Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Associate Accountants — those with more experience do not necessarily bring in higher earnings. Individuals who have worked for fewer than five years bring in approximately $43K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $43K. People with 10 to 20 years of experience make an average of about $47K in this role. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $48K, demonstrating that compensation is roughly commensurate with experience in the end.

Related Job Salaries

Experience Affects Associate Accountant Salaries

Late-Career
up arrow 9%


National Average
$44,000



Skills That Affect Associate Accountant Salaries

Auditing
up arrow 26%

Financial Reporting
up arrow 20%

Accounting
up arrow 6%

General Ledger Accounting
up arrow 5%

Microsoft Excel
up arrow 4%

Financial Analysis
up arrow 4%

National Average
$44,000

Tax Preparation
up arrow 1%

Accounts Receivable
up arrow 2%

Accounts Payable
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
18%
1-4 years
50%
5-9 years
17%
10-19 years
10%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 77%
vision benefits Vision: 69% employee benefits None: 9%