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General Ledger Accountant Salary (United States)

General Ledger Accountants in the United States can expect to earn an average of $48K annually. Including potential bonuses and profit sharing proceeds (more than $5K for each in exceptional cases) overall income bottoms out near $35K and hits $65K on the high end. Geographic location is the biggest factor affecting pay for this group, followed by experience level. A solid majority enjoy medical while most get dental coverage. Vision coverage is also available to a majority. Men working as General Ledger Accountants are solidly outnumbered, with women representing 74 percent of workers. Work is enjoyable for General Ledger Accountants, who typically 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  
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  
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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Compensation may increase greatly for General Ledger Accountants who advance to upper-end positions like Accounting Manager. Median pay for Accounting Managers is $59K per year. Going from General Ledger Accountant to Staff Accountant is the transition that occurs most often in this field, and the average paycheck for Staff Accountants is $43K. Many others choose to work as Senior Accountants, where pay is typically $58K.

Staff Accountant Job Listings

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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 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. For most people, competency in Financial Analysis indicates knowledge of General Ledger Accounting.

Pay by Experience Level for General Ledger Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.
General Ledger Accountants with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Respondents with less than five years' experience take home $43K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $48K. General Ledger Accountants see a median salary of $51K after reaching one to two decades on the job. General Ledger Accountants who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $51K on average. In this field, workers tend to have anywhere from one to nine years of experience — of those surveyed, more than half land within this range. Experienced employees who have 10-20 years of experience make up just under a fifth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining close to a sixth.

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. The lowest-paying market is Minneapolis, which sits 16 percent below the national average.

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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

Highly satisfied Image
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%