General Ledger Accountant Salary

For General Ledger Accountants, yearly average wages total $49K annually. Overall cash earnings for General Ledger Accountants vary widely between $36K and $66K; for a few high rollers, the final number can encompass upwards of $5K each from bonuses and profit sharing proceeds. Residence is the biggest factor affecting pay for this group, followed by career length. Men are in the minority of survey respondents, with female General Ledger Accountants making up 74 percent. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for General Ledger Accountants, who typically claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$38,462 - $65,826
(Median)
$38K
$49K
$66K
MEDIAN: $48,958
10%
50%
90%

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$15.05 - $25.86
(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
$38,462 - $65,826  
   
Bonus
$0.00 - $5,038  
Profit Sharing
$246.58 - $4,949  
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).
)
$35,967 - $65,874  
Country: United States | Currency: USD | Updated: 2 Jul 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
$15.05 - $25.86  
   
Overtime
$21.53 - $37.42  
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 - $5,038  
   
Profit Sharing
$246.58 - $4,949  
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).
)
$35,967 - $65,874  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 108
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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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At the upper end, General Ledger Accountants who move into an Accounting Manager role can end up with a hefty increase in pay. The average income for Accounting Managers is a much higher $60K 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, Financial Reporting, and Fixed Asset Accounting are correlated to pay that is above average, with boosts in pay of 5 percent. 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. General Ledger Accountants claiming one to two decades of experience make an estimated median of $52K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $53K.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for General Ledger Accountants, 25 percent above the national average. General Ledger Accountants will also find cushy salaries in Houston (+16 percent) and Seattle (+7 percent). In Minneapolis, salaries are 19 percent below the national average and represent the lowest-paying market. Workers in Dallas and Warren earn salaries that trail the national average for those in this profession (8 percent less and 6 percent less, 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%

Fixed Asset Accounting
up arrow 3%

Financial Reporting
up arrow 3%

General Ledger Accounting
up arrow 2%

Accounts Payable
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$48,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 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: 88% dental benefits Dental: 82%
vision benefits Vision: 66% employee benefits None: 8%
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