General Ledger Accountant Salary (United States)

A typical General Ledger Accountant in the United States can expect to take home roughly $46,465 annually. Pay begins at $34,656 on the low end and climbs to $65,133 per year near the top. Overall cash allowance—including $5,025 bonuses and $5,057 profit sharing proceeds—ranges between $36,060 and $65,119. Location is the biggest factor affecting pay for this group, followed by experience level. Benefits are plentiful in this line of work; most people have both medical and dental plans, and more than half have vision insurance. Most General Ledger Accountants are women (74 percent). Work is enjoyable for the better half of General Ledger Accountants who claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
General Ledger Accountant Salary (?
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.
)
$36,060 - $65,119
(Median)
36K
48K
56K
65K
MEDIAN: $47,824
10%
50%
75%
90%
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General Ledger Accountant Salary (?
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.
)
$14.30 - $25.55
(Median)
14
19
22
26
MEDIAN: $18.00
10%
50%
75%
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$22K$44K$66K
Salary
$36,060 - $65,119  
   
Bonus
$0.00 - $5,025  
Profit Sharing
$252.00 - $5,057  
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).
)
$34,656 - $65,133  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 393
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
$14.30 - $25.55  
   
Overtime
$19.35 - $38.40  
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 - $5,025  
   
Profit Sharing
$252.00 - $5,057  
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).
)
$34,656 - $65,133  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 118
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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 may experience a big boost in pay as they move up the career ladder. An upper-level role like Accounting Manager may bring in a lot more money — an additional $12,497 annually. Going from General Ledger Accountant to Staff Accountant is the transition that occurs most often in this field, even given the smaller paychecks (-$3,306). Many others choose to work as Senior Accountants, where pay goes up by $11,458.

General Ledger Accountant Job Listings

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Popular Skills for General Ledger Accountant

General Ledger Accountants report using a pretty varied skill set on the job. Most notably, skills in Accounting, Financial Reporting, Financial Analysis, and Accounts Payable are correlated to pay that is above average, with boosts of 11 percent, 8 percent, 7 percent, and 7 percent, respectively. Most people skilled in Financial Analysis are similarly competent in General Ledger Accounting.

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, experience in the field does not tend to play a major role in salary decisions; in general, pay does not go up drastically with more experience, and earnings grow incrementally instead. After five to 10 years, starting salaries jump from $42K to $48K. Between 10 and 20 years, pay reaches $51K. A 20-year tenure heralds decreased salary growth, and General Ledger Accountants who have made it this far report earning around $51,500 per year. Experienced employees who have 10-20 years of experience make up 19 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 16 percent. More than half of respondents report one to nine years of experience.

Pay Difference By Location

Houston
up arrow 20%
National Average
$46,000
Atlanta
up arrow 3%
Minneapolis
up arrow 16%
Larger circles over a city indicate a job is popular in that location.
For General Ledger Accountants, Houston provides a pay rate that is 20 percent greater than the national average. With compensation 16 percent below the national average, Minneapolis is not known for hefty paychecks and actually represents the lowest-paying market.

Related Job Salaries

Experience Affects General Ledger Accountant Salaries

National Average
$46,000

Skills That Affect General Ledger Accountant Salaries

Accounting
up arrow 11%
Financial Reporting
up arrow 8%
Accounts Payable
up arrow 6%
Microsoft Excel
up arrow 4%
General Ledger Accounting
up arrow 3%
National Average
$46,000
Fixed Asset Accounting
up arrow 1%

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 121 votes.

Gender

Female
74%
female alumni
 
Male
26%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
23%
10-19 years
19%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 76%
vision benefits Vision: 59% employee benefits None: 10%
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