General Accountant Salary

An average General Accountant in the United States can expect to take home roughly $47K annually. The income range spans the entire spectrum between $33K and $60K per year. Total incomes of General Accountants incorporate potential for, in a few cases, more than $5K from bonuses and close to $2K from profit sharing; these performance components cause packages to range between $33K and $60K. Location is the biggest factor affecting pay for this group, followed by years of experience. The majority of General Accountants (66 percent) who took the survey are women. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$35,623 - $60,003

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$13.98 - $25.23

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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
$35,623 - $60,003  
   
Bonus
$0.00 - $5,024  
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).
)
$33,482 - $60,116  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 301
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$13$26$39
Hourly Rate
$13.98 - $25.23  
   
Overtime
$8.22 - $37.80  
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$26K$52K$78K
Bonus
$0.00 - $5,024  
   
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).
)
$33,482 - $60,116  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 111
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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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Advancing into a Senior Accountant role seems to be a popular career move for General Accountants, and folks who currently work in the latter position report a notably larger median income of $58K per year.

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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 Microsoft Excel are correlated to pay that is above average, with boosts between 6 percent and 19 percent. Skills that are correlated to lower pay, on the other hand, include Payroll Administration and Microsoft Dynamics GP. Those familiar with Accounts Payable also tend to know Accounts Receivable and Financial Reporting. Those who learned Microsoft Excel also tend to know Financial Reporting and Accounts Receivable.

Pay by Experience Level for General Accountant

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


Experience does not seem to be a strong driver of pay increase in this role. The average inexperienced worker earns $45K, and someone who has worked for five to 10 years can expect a bigger median salary of $47K. After working for 10 to 20 years, General Accountants make a median salary of $47K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $50K.

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Experience Affects General Accountant Salaries




National Average
$46,000


Skills That Affect General Accountant Salaries

Month-End Close
up arrow 19%



Microsoft Excel
up arrow 2%

General Ledger Accounting
up arrow 2%

Accounts Payable
0%

National Average
$46,000

Accounting
up arrow 1%

Accounts Receivable
up arrow 3%

Microsoft Dynamics GP
up arrow 4%

Payroll Administration
up arrow 13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 85 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
27%
10-19 years
20%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 58% employee benefits None: 10%
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