Associate Accountant Salary

The average Associate Accountant in the United States earns approximately $45K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.

$35,210 - $57,274
(Median)
$35K
$45K
$57K
MEDIAN: $45,379
10%
50%
90%

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$13.11 - $23.42
(Median)
$13
$18
$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
$35,210 - $57,274  
   
Bonus
$0.00 - $5,019  
Profit Sharing
$900 - $2,000  
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).
)
$32,785 - $57,996  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 308
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$13$26$39
Hourly Rate
$13.11 - $23.42  
   
Overtime
$18.46 - $36.05  
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$26K$52K$78K
Bonus
$0.00 - $5,019  
   
Profit Sharing
$900 - $2,000  
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).
)
$32,785 - $57,996  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 105
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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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As Associate Accountants transition into upper-level roles such as Senior Financial Analyst, they may see a strong upturn in salary. Senior Financial Analysts earn $75K on average per year. Going from Associate Accountant to Senior Accountant is the transition that occurs most often in this field, where the paychecks are $58K. Many others choose to work as Staff Accountants, where pay is typically $43K.

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Popular Skills for Associate Accountant


Survey results suggest that Associate Accountants use a fairly large toolkit of professional skills. Most notably, facility with Auditing, Financial Reporting, and Accounting are correlated to pay that is significantly above average, leading to increases of 20 percent, 15 percent, and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable and Accounts Payable. Those educated in Accounts Payable tend to be well versed in Accounts Receivable.

Pay by Experience Level for Associate Accountant

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


Salaries for inexperienced workers average out to $45K, and those with five to 10 years' experience earn a higher median of $44K. Associate Accountants bring in $48K after working for 10 to 20 years. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $47K.

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Experience Affects Associate Accountant Salaries


Late-Career
up arrow 6%



National Average
$45,000

Skills That Affect Associate Accountant Salaries

Auditing
up arrow 20%

Financial Reporting
up arrow 15%

Accounting
up arrow 8%

Microsoft Excel
up arrow 2%

General Ledger Accounting
up arrow 2%

Tax Preparation
0%

National Average
$45,000

Financial Analysis
up arrow 1%

Accounts Payable
up arrow 3%

Accounts Receivable
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 58 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
18%
1-4 years
54%
5-9 years
13%
10-19 years
9%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 76%
vision benefits Vision: 69% employee benefits None: 10%
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