Junior Accountant Salary

Pay for Junior Accountants in the United States sits in the ballpark of $41K per year. With some bonuses approaching $4K and certain profit sharing proceeds approaching $5K, overall incomes of Junior Accountants spread between $30K and $52K depending on individual performance. Geographic location and experience level each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and more than half collect dental insurance. There are more female Junior Accountants who answered the questionnaire than male, making up 67 percent. The majority of Junior Accountants claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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$32,404 - $52,626

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$12.84 - $22.07

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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$18K$36K$54K
Salary
$32,404 - $52,626  
   
Bonus
$0.00 - $4,318  
Profit Sharing
$245.66 - $4,991  
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).
)
$30,248 - $52,471  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 948
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$11$22$33
Hourly Rate
$12.84 - $22.07  
   
Overtime
$18.89 - $32.79  
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$22K$44K$66K
Bonus
$0.00 - $4,318  
   
Profit Sharing
$245.66 - $4,991  
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).
)
$30,248 - $52,471  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 454
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Job Description for Junior Accountant

Junior accountants provide a vital service to various companies by accurately recording corporate finances. Typical daily job duties include reconciling company bank accounts, balancing financial records and preparing monthly reports. They generally work with a team of other accountants and report to a senior accountant. The level of confidentiality and discretion required of junior accountants is great because they work with private company information and are given access to secure accounts.

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Junior Accountant Tasks

  • Create and maintain payroll budgets, update vendor information, and confirm expense vouchers.
  • Match large batches of invoices and maintain the accuracy of employee timesheets.
  • Assist with or conduct fixed asset audits as necessary.
  • Maintain general ledger and oversee all day to day financial transactions.
  • Assess data to ensure that proper accounting practices have been following.

Common Career Paths for Junior Accountant


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While not commonly seen, Junior Accountants who transition into an Accounting Manager position may see a rise in pay. The median salary for Accounting Managers is $60K per year. When Junior Accountants are ready for the next step in their careers, they often become Staff Accountants or Senior Accountants. Those roles pay an additional $3K and $18K, respectively.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Junior Accountants report using a deep pool of skills on the job. Most notably, skills in Financial Analysis, Tax Preparation, Auditing, and Sales Tax Reports are correlated to pay that is above average, with boosts in pay of 6 percent. It is often found that people who know Accounts Payable are also skilled in Microsoft Excel and Financial Reporting.

Pay by Experience Level for Junior Accountant

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


Junior Accountants with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries of relatively inexperienced workers fall in the neighborhood of $39K, but folks who have racked up five to 10 years see a notably higher median of $43K. Junior Accountants see a median salary of $44K after reaching one to two decades on the job. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $46K.

Pay Difference by Location


With a pay rate for Junior Accountants that is 22 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Junior Accountants will also find cushy salaries in Washington (+17 percent), Los Angeles (+10 percent), New York (+9 percent), and San Diego (+8 percent). In Atlanta, salaries are 7 percent below the national average and represent the lowest-paying market. Houston and Chicago are a couple other places where companies are known to pay below the median — salaries are 4 percent lower and 3 percent lower, respectively.

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Experience Affects Junior Accountant Salaries




National Average
$40,000


Skills That Affect Junior Accountant Salaries


Tax Preparation
up arrow 4%

Auditing
up arrow 4%

Sales Tax Reports
up arrow 3%

Financial Reporting
up arrow 2%

Payroll Tax Compliance
up arrow 2%

Microsoft Excel
up arrow 1%

General Ledger Accounting
up arrow 1%

Payroll Administration
up arrow 1%

Accounts Receivable
0%

Bookkeeping
0%

Microsoft Office
0%

National Average
$40,000

Accounts Payable
up arrow 1%

Quickbooks
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 184 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
15%
1-4 years
57%
5-9 years
16%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 66%
vision benefits Vision: 51% employee benefits None: 17%
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