General Ledger Accountant Salary

General Ledger Accountants in the United States pull down an average of $50K per year. Including potential for bonuses and profit sharing, each hitting highs of $5K, total cash payment to General Ledger Accountants can bottom out at $37K or peak near $67K. Location and career duration each impact pay for this group, with the former having the largest influence. Most General Ledger Accountants survey respondents are women (71 percent). A large number get medical and dental insurance, and a majority get vision plans, too. Most General Ledger Accountants report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's 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


Overall, survey participants reported applying a fair number of skills to their work. 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 educated in General Ledger Accounting tend to be well versed in Financial Analysis.

Pay by Experience Level for General Ledger Accountant

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


Survey participants with less than five years' experience pocket $45K on average, but those with five to 10 years of experience enjoy a much bigger median of $51K. On average, General Ledger Accountants make $53K following one to two decades on the job. General Ledger Accountants who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.

Pay Difference by Location

National Average: $49,097

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

For General Ledger Accountants, busy San Francisco offers a higher-than-average pay rate, 34 percent above the national average. General Ledger Accountants will also find cushy salaries in San Jose (+19 percent), Anchorage (+14 percent), Houston (+13 percent), and Seattle (+4 percent). General Ledger Accountants in Minneapolis take home the lowest salaries, earning a whopping 21 percent less than the national average. Two other places where employers offer below-median salaries are Nashville (16 percent less) and Dallas (10 percent less).

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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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