General Ledger Accountant Salary

The average General Ledger Accountant in the United States can expect to rake in roughly $50K annually. The range in cash compensation to General Ledger Accountants ($37K to $67K) includes potential earnings of $5K each from bonuses and profit sharing in exceptional cases. Geographic location is the biggest factor affecting pay for this group, followed by tenure. The majority of workers are highly satisfied with their job. Female General Ledger Accountants make up most of the survey respondents at 71 percent. In this profession, most enjoy medical and dental coverage, and a majority have vision insurance, as well. This report is based on responses to the PayScale salary survey.

$38,818 - $66,718
(Median)
$39K
$50K
$67K
MEDIAN: $49,809
10%
50%
90%

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$15.31 - $26.45
(Median)
$15
$20
$26
MEDIAN: $19.00
10%
50%
90%

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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
$38,818 - $66,718  
   
Bonus
$0.00 - $5,044  
Profit Sharing
$250.00 - $4,913  
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).
)
$36,579 - $66,800  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 482
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
$15.31 - $26.45  
   
Overtime
$23.09 - $38.96  
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 - $5,044  
   
Profit Sharing
$250.00 - $4,913  
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).
)
$36,579 - $66,800  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 125
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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' salaries may rise greatly for those who assume a higher-end position such as an Accounting Manager. The average Accounting Manager brings home $60K per year.

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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 Cost Accounting, Financial Reporting, Accounts Receivable, and Month-End Close are correlated to pay that is above average, with boosts between 6 percent and 11 percent. Those proficient in General Ledger Accounting are, more often than not, 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.


Relatively untried employees who have less than five years' experience make $45K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $51K. After working for 10 to 20 years, General Ledger Accountants make a median salary of $53K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $49,097

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for General Ledger Accountants, San Francisco offers exceptional salaries, 34 percent above the national average. General Ledger Accountants can also look forward to large paychecks in cities like San Jose (+19 percent), Anchorage (+14 percent), Houston (+13 percent), and Seattle (+4 percent). One of the biggest compensable factors for General Ledger Accountants is geography, with workers in Minneapolis earning a whopping 21 percent below the national average. Employers also pay below the national average in Nashville (16 percent lower) and Dallas (10 percent lower).

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Experience Affects General Ledger Accountant Salaries




National Average
$49,000


Skills That Affect General Ledger Accountant Salaries

Cost Accounting
up arrow 11%


Month-End Close
up arrow 6%

Accounts Receivable
up arrow 6%

Financial Analysis
up arrow 4%

Accounting
up arrow 4%

Fixed Asset Accounting
up arrow 2%

General Ledger Accounting
up arrow 1%

Microsoft Excel
0%

National Average
$49,000

Accounts Payable
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 86 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
26%
10-19 years
19%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
medical benefits
Vision: 69%
dental benefits
None: 8%
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