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General Ledger Accountant Salary

Average General Ledger Accountants in the United States make around $48K annually. Total cash compensation to General Ledger Accountants varies from $35K to $65K; higher pay grades include potential for bonuses and profit sharing as high as $5K each. Geography is the biggest factor affecting pay for this group, followed by tenure. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Female General Ledger Accountants make up most of the survey respondents at 76 percent. Job satisfaction for General Ledger Accountants is high. The information for this snapshot was generated by responses to the PayScale salary survey.
$36,666 - $64,854
(Median)
$37K
$48K
$65K
MEDIAN: $48,029
10%
50%
90%

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$14.60 - $25.75
(Median)
$15
$19
$26
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$22K$44K$66K
Salary
$36,666 - $64,854  
   
Bonus
$0.00 - $5,014  
Profit Sharing
$489.36 - $5,034  
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).
)
$34,964 - $64,991  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 391
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
$14.60 - $25.75  
   
Overtime
$20.12 - $37.78  
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 - $5,014  
   
Profit Sharing
$489.36 - $5,034  
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).
)
$34,964 - $64,991  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 112
United States (change)

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 $59K annually.

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Popular Skills for General Ledger Accountant


General Ledger Accountants report using a diverse set of skills on the job. Most notably, skills in Financial Reporting, Accounting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 6 percent and 9 percent. It is often found that people who know General Ledger Accounting are also skilled 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, experience does not seem to be a major factor in determining pay. Survey participants with less than five years' experience pocket $43K on average, but those with five to 10 years of experience enjoy a much bigger median of $48K. People with 10 to 20 years of experience make an average of about $51K in this role. General Ledger Accountants with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $52K.

Related Job Salaries

Experience Affects General Ledger Accountant Salaries




National Average
$47,000


Skills That Affect General Ledger Accountant Salaries

Financial Reporting
up arrow 9%

Accounting
up arrow 8%


Microsoft Excel
up arrow 2%

General Ledger Accounting
up arrow 1%

Fixed Asset Accounting
up arrow 1%

National Average
$47,000

Accounts Payable
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 105 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
23%
10-19 years
20%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 80%
vision benefits Vision: 62% employee benefits None: 9%