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General Ledger Accountant Salary

Median pay for General Ledger Accountants in the United States lies in the neighborhood of $49K annually. The range in cash compensation to General Ledger Accountants ($36K to $65K) includes potential earnings of $5K each from bonuses and profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by career duration. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Female General Ledger Accountants make up most of the survey respondents at 74 percent. For the most part, General Ledger Accountants enjoy their work and report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$37,575 - $65,345
(Median)
$38K
$49K
$65K
MEDIAN: $48,782
10%
50%
90%

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$14.85 - $25.67
(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
$37,575 - $65,345  
   
Bonus
$0.00 - $5,019  
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).
)
$35,508 - $65,279  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 408
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
$14.85 - $25.67  
   
Overtime
$21.43 - $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 - $5,019  
   
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).
)
$35,508 - $65,279  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 109

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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 $59K on average per year.

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Popular Skills for General Ledger Accountant


Survey results show that General Ledger Accountants use a fair number of skills. Most notably, skills in Accounts Payable, Accounting, Financial Analysis, and Financial Reporting are correlated to pay that is above average, with boosts in pay of 6 percent. Most people experienced in General Ledger Accounting also know Financial Analysis.

Pay by Experience Level for General Ledger Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. Those in the early stages of their career can expect to make around $45K; however, individuals with five to 10 years of experience bring in $49K on average — a distinctly larger sum. For General Ledger Accountants, 10 to 20 years of experience on the job amounts to an average salary of $51K. People who have worked for more than 20 years report a median income of $52K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Home to some of the best pay for General Ledger Accountants, Houston offers exceptional salaries, 23 percent above the national average. General Ledger Accountants will also find cushy salaries in San Francisco (+19 percent) and Seattle (+7 percent). The lowest-paying market is Minneapolis, which sits 19 percent below the national average. Workers in Warren and Atlanta earn less than others in this profession; their salaries fall short of the national average by 6 percent.

Related Job Salaries

United States (change)

Experience Affects General Ledger Accountant Salaries




National Average
$48,000


Skills That Affect General Ledger Accountant Salaries

Accounts Payable
up arrow 6%

Accounting
up arrow 6%


Financial Reporting
up arrow 5%

Fixed Asset Accounting
up arrow 3%

Microsoft Excel
up arrow 2%

General Ledger Accounting
up arrow 2%

National Average
$48,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 88 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
24%
10-19 years
19%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 81%
vision benefits Vision: 65% employee benefits None: 9%
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