General Ledger Accountant Salary

Median pay for General Ledger Accountants in the United States lies in the neighborhood of $49K annually. The range in cash compensation to General Ledger Accountants ($36K to $66K) includes potential earnings of $5K each from bonuses and profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by career length. Female General Ledger Accountants make up most of the survey respondents at 74 percent. Most report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction is high and work is enjoyable for most General Ledger Accountants. The information for this snapshot was generated by responses to the PayScale salary survey.

$38,499 - $66,177

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$15.11 - $25.88

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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$23K$46K$69K
Salary
$38,499 - $66,177  
   
Bonus
$0.00 - $5,034  
Profit Sharing
$246.58 - $4,949  
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).
)
$36,074 - $66,197  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 414
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
$15.11 - $25.88  
   
Overtime
$21.44 - $37.49  
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 - $5,034  
   
Profit Sharing
$246.58 - $4,949  
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).
)
$36,074 - $66,197  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 107
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Job Description for General Ledger Accountant

Companies keep accounting records - comprising a general ledger - for a variety of reasons, from planning future sales and marketing projects to reporting necessary financial information to regulatory agencies and shareholders. The general ledger accountant is responsible for making sure that the general ledger is a complete and accurate record of the company's financial transactions. Depending on the size of their organization, the general ledger accountant may be an accounting team member specializing in specific aspects of the accounting process; they may also oversee the entire process, supervising subordinate accountants and the acting as the final arbiter of the ledger. These accountants generally works in an office environment during regular business hours, although overtime may be required as deadlines approach.

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General Ledger 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 Ledger Accountant


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General Ledger Accountants who go on to become Accounting Managers may see their salaries climb quite a bit. Median pay for Accounting Managers is $60K annually.

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Popular Skills for General Ledger Accountant


General Ledger Accountants report using a wide range of professional skills. Most notably, skills in Accounts Receivable, Financial Analysis, Financial Reporting, and Accounting are correlated to pay that is above average, with boosts between 5 percent and 15 percent. Most people skilled in General Ledger Accounting are similarly competent in Financial Analysis.

Pay by Experience Level for General Ledger Accountant

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


For General Ledger Accountants, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Salaries of relatively inexperienced workers fall in the neighborhood of $45K, but folks who have racked up five to 10 years see a notably higher median of $50K. General Ledger Accountants claiming one to two decades of experience make an estimated median of $52K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $53K.

Pay Difference by Location


For General Ledger Accountants, San Jose provides a pay rate that is 32 percent greater than the national average. General Ledger Accountants will also find cushy salaries in San Francisco (+25 percent) and Houston (+15 percent). Minneapolis ranks last in the field for pay, reporting salaries 20 percent below the national average. Dallas and Warren are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 7 percent lower, respectively.

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Experience Affects General Ledger Accountant Salaries




National Average
$49,000


Skills That Affect General Ledger Accountant Salaries

Accounts Receivable
up arrow 15%


Financial Reporting
up arrow 5%

Accounting
up arrow 4%

Fixed Asset Accounting
up arrow 3%

Accounts Payable
up arrow 3%

General Ledger Accounting
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$49,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
4%
1-4 years
36%
5-9 years
26%
10-19 years
20%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 82%
vision benefits Vision: 66% employee benefits None: 9%
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