General Accountant Salary

Earnings for General Accountants in the United States come in at around $47K annually on average. Pay ranges from $34K on the low end to $61K per year on the high end. Including potential for bonuses and profit sharing — peaking near $5K and $2K, respectively — total cash payment to General Accountants can bottom out near $34K or peak near $61K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by experience level. Most General Accountants report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Female General Accountants survey participants are more prevalent than men — 66 percent of professionals. The data in this summary comes from the PayScale salary survey.
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$36,443 - $60,588
(Median)
$36K
$47K
$61K
MEDIAN: $47,276
10%
50%
90%

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$14.50 - $25.48
(Median)
$14
$19
$25
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$21K$42K$63K
Salary
$36,443 - $60,588  
   
Bonus
$0.00 - $4,994  
Profit Sharing
$618 - $2,498  
Commission
$0.00  
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).
)
$34,386 - $60,787  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 338
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$14.50 - $25.48  
   
Hourly Tips
$0.00  
Overtime
$8.33 - $39.01  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $4,994  
   
Commission
$0.00  
Profit Sharing
$618 - $2,498  
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).
)
$34,386 - $60,787  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 115
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Job Description for General Accountant

General accountants gather and analyze financial records and documentation for a variety of purposes, including writing financial reports, compiling profit statements, filling out tax returns, and making budgets. General accountants are typically either self-employed or work for accounting firms with which businesses contract.

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General Accountant Tasks

  • Reconcile balance sheets, accounts, and invoices.
  • Prepare monthly, quarterly, and ad hoc reports with variance explanations.
  • Prepare and post entries to the general ledger and manage the monthly close process.
  • Prepare and implement audit schedules and process re-engineering to reduce financial errors.

Common Career Paths for General Accountant


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General Accountants who advance into the role of a Financial Controller are fairly uncommon. Financial Controllers on average earn $77K per year. Going from General Accountant to Senior Accountant is the transition that occurs most often in this field, where the paychecks are $59K. Many others choose to work as Staff Accountants, where pay is typically $44K.

Staff Accountant Job Listings

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Popular Skills for General Accountant


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Month-End Close, Financial Reporting, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average, with boosts between 5 percent and 17 percent. Skills that seem to negatively impact pay include Payroll Administration, Microsoft Dynamics GP, and Accounting. Most people experienced in Microsoft Excel also know Financial Reporting and Accounts Receivable. The majority of those who know Accounts Payable also know Accounts Receivable and Financial Reporting.

Pay by Experience Level for General Accountant

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


For General Accountants, experience does not seem to be a major factor in determining pay. Workers in their first five years can expect to earn $46K, but people who have been around for five to 10 years earn a noticeably bigger sum of $47K. For General Accountants, 10 to 20 years of experience on the job amounts to an average salary of $49K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $50K.

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Experience Affects General Accountant Salaries




National Average
$47,000


Skills That Affect General Accountant Salaries

Month-End Close
up arrow 17%



Microsoft Excel
up arrow 2%

General Ledger Accounting
up arrow 2%

National Average
$47,000

Accounts Payable
up arrow 1%

Accounts Receivable
up arrow 2%

Accounting
up arrow 3%

Microsoft Dynamics GP
up arrow 6%

Payroll Administration
up arrow 14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 84 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
27%
10-19 years
20%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
medical benefits
Vision: 57%
dental benefits
None: 10%
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