General Accountant Salary

For General Accountants, yearly average wages total $46K annually. The bottom of the pay range sits near $33K, and the top verges on $60K per year. Total cash earnings of General Accountants range from $33K on the low end to $60K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $5K and $3K, respectively. Location is the biggest factor affecting pay for this group, followed by tenure. Job satisfaction is high and work is enjoyable for most General Accountants. Medical benefits are awarded to most, and a strong majority earn dental coverage. Female General Accountants survey participants are more prevalent than men — 65 percent of professionals. This overview is based on answers to PayScale's salary questionnaire.
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$35,651 - $60,536
(Median)
$36K
$46K
$61K
MEDIAN: $46,323
10%
50%
90%

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$13.64 - $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
$35,651 - $60,536  
   
Bonus
$0.00 - $5,024  
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).
)
$33,282 - $60,430  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 297
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
$13.64 - $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 - $5,024  
   
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).
)
$33,282 - $60,430  
Country: United States | Currency: USD | Updated: 20 Jun 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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General Accountants might see a strong upturn in salary after transitioning into upper-level roles such as Senior Accountant, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $58K per year. Becoming a Staff 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. A median salary for a Staff Accountant is $43K. Another frequent advance is for General Accountants to assume a Financial Analyst role; in this role, workers often take home $54K.

Staff Accountant Job Listings

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Popular Skills for General Accountant


Survey results imply that General Accountants put a diverse skill set 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 7 percent and 19 percent. Skills that seem to negatively impact pay include Payroll Administration and Microsoft Dynamics GP. The majority of those who know Microsoft Excel also know Financial Reporting and Accounts Receivable. Most people skilled in Accounts Payable are similarly competent in 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.


Experience does not seem to be a strong driver of pay increase in this role. Average salaries for inexperienced employees average out to around $45K, but folks who have five to 10 years of experience earn a higher median of $47K. General Accountants claiming one to two decades of experience make an estimated median of $47K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $49K, demonstrating that compensation is roughly commensurate with experience in the end.

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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 3%

General Ledger Accounting
up arrow 2%

Accounts Payable
up arrow 1%

National Average
$46,000

Accounting
up arrow 1%

Accounts Receivable
up arrow 2%

Microsoft Dynamics GP
up arrow 3%

Payroll Administration
up arrow 12%

Job Satisfaction

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

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
28%
10-19 years
20%
20 years or more
13%

Common Health Benefits

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