General Ledger Accountant Salary

Earnings for General Ledger Accountants in the United States come in at around $49K per year on average. Total cash compensation to General Ledger Accountants varies from $36K to $66K; higher pay grades include potential for bonuses and profit sharing as high as $5K each. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female General Ledger Accountants making up 74 percent. Job satisfaction for General Ledger Accountants is high. A large number report receiving medical coverage from their employers and most collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.

$38,458 - $65,648
(Median)
$38K
$49K
$66K
MEDIAN: $48,989
10%
50%
90%

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$15.04 - $25.88
(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
$38,458 - $65,648  
   
Bonus
$0.00 - $5,046  
Profit Sharing
$244.68 - $4,966  
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).
)
$35,958 - $65,733  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 411
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
$15.04 - $25.88  
   
Overtime
$21.43 - $37.49  
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 - $5,046  
   
Profit Sharing
$244.68 - $4,966  
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).
)
$35,958 - $65,733  
Country: United States | Currency: USD | Updated: 20 Jun 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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As General Ledger Accountants transition into upper-level roles such as Accounting Manager, they may see a strong upturn in salary. Accounting Managers earn $60K on average per year.

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Popular Skills for General Ledger Accountant


General Ledger Accountants seem to require a number of specific skills. Most notably, skills in Accounting, Financial Analysis, Fixed Asset Accounting, and Financial Reporting are correlated to pay that is above average, with boosts of 5 percent, 4 percent, 3 percent, and 3 percent, respectively. 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.


General Ledger Accountants do not generally earn higher incomes from more experience in the field. Salaries for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $50K. After working for 10 to 20 years, General Ledger Accountants make a median salary 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, busy San Francisco offers a higher-than-average pay rate, 25 percent above the national average. General Ledger Accountants will also find cushy salaries in Houston (+16 percent) and Seattle (+6 percent). With compensation 19 percent below the national average, Minneapolis is not known for hefty paychecks and actually represents the lowest-paying market. Not at the bottom but still paying below the median are employers in Dallas and Warren (8 percent lower and 7 percent lower, respectively).

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Experience Affects General Ledger Accountant Salaries




National Average
$48,000


Skills That Affect General Ledger Accountant Salaries

Accounting
up arrow 5%

Financial Analysis
up arrow 4%

Fixed Asset Accounting
up arrow 3%

Accounts Payable
up arrow 3%

Financial Reporting
up arrow 3%

General Ledger Accounting
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$48,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 77 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
25%
10-19 years
19%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 82%
vision benefits Vision: 65% employee benefits None: 8%
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