General Accountant Salary

General Accountants in the United States take home approximately $47K annually on average. Pay ranges from $33K on the low end to $60K per year on the high end. In the world of General Accountants, overall income ranges from $33K near the bottom to $60K at the top; this can include more than $5K from bonuses and more than $3K from profit sharing in exceptional cases. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Most General Accountants report high levels of job satisfaction. Female General Accountants are more common than men among those who completed the survey; more than half (66 percent) are women. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$35,569 - $60,353
(Median)
$36K
$47K
$60K
MEDIAN: $46,547
10%
50%
90%

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$14.01 - $25.20
(Median)
$14
$18
$25
MEDIAN: $18.00
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$21K$42K$63K
Salary
$35,569 - $60,353  
   
Bonus
$0.00 - $5,034  
Profit Sharing
$615 - $2,506  
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).
)
$33,426 - $60,314  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 296
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
$14.01 - $25.20  
   
Overtime
$8.25 - $37.75  
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 - $5,034  
   
Profit Sharing
$615 - $2,506  
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).
)
$33,426 - $60,314  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 113
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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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Many General Accountants move into a Senior Accountant role, and folks who currently hold that position report a much higher median income of $59K per year. More often than not, a Staff Accountant role is the next step for General Accountants moving up in the field. Pay for Staff Accountants is usually $43K. Many General Accountants choose to take on a Financial Analyst role instead, where salaries are typically $54K.

Staff Accountant Job Listings

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Popular Skills for General Accountant


Survey results suggest that General Accountants put a wide range of professional skills to use. 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, Microsoft Dynamics GP, and Accounts Receivable. It is often found that people who know Accounts Payable are also skilled in Accounts Receivable and Financial Reporting. Most people who know Microsoft Excel also 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.


More years of relevant experience do not necessarily translate to higher paychecks. Salaries for inexperienced workers average out to $47K, and those with five to 10 years' experience earn a higher median of $45K. For General Accountants, 10 to 20 years of experience on the job amounts to an average salary of $47K. After two decades in the workforce, the average General Accountant generally earns more than ever; median pay for this group is estimated at $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 1%

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 84 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
28%
10-19 years
20%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 76%
vision benefits Vision: 57% employee benefits None: 10%
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