General Accountant Salary

General Accountants in the United States pull down an average of $47K annually. The pay spectrum stretches from $34K to $61K per year. In the world of General Accountants, overall cash allowance can occasionally include more than $5K from bonuses and, in some exceptional cases, $2K from profit sharing, causing incomes to vary widely between $34K and $61K. Residence is the biggest factor affecting pay for this group, followed by experience level. Female General Accountants survey participants are more prevalent than men — 66 percent of professionals. Job satisfaction for General Accountants is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.
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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 do not often transition into Financial Controller roles. The role averages $77K per year. Becoming a Senior Accountant is, more often than not, the most common role that General Accountants move into when they're ready for the next step in their career. The average salary for the position is $59K. Another frequent advance is for General Accountants to assume a Staff Accountant role; in this role, workers often earn $44K.

Staff Accountant Job Listings

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Popular Skills for General Accountant


Survey results show that General Accountants use a fair number of skills. 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. For most people, competency in Accounts Payable indicates knowledge of Accounts Receivable and Financial Reporting. A tool kit that includes Microsoft Excel also typically contains 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.


General Accountants with a lot of experience do not necessarily enjoy more money. Survey participants with less than five years' experience pocket $46K on average, but those with five to 10 years of experience enjoy a much bigger median of $47K. General Accountants bring in $49K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $50K, which is barely higher than the median for folks with 10 to 20 years of experience.

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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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