Average Junior Accountants in the United States make around $42K annually. Total cash compensation to Junior Accountants bottoms out near $31K and approaches $54K on the high end; the biggest paychecks include approximately $5K from bonuses and almost $10K from profit sharing. Location is the biggest factor affecting pay for this group, followed by career length. The majority of workers are highly satisfied with their job. Junior Accountants survey participants are largely women, dominating at 65 percent. While some workers in this profession — just under one in four — do not have any health coverage, a strong majority do receive medical benefits and more than half have dental insurance. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$34,118 - $54,913
(Median)
$34K
$42K
$55K
MEDIAN: $42,132
10%
50%
90%

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$12.97 - $22.60
(Median)
$13
$18
$23
MEDIAN: $17.00
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$19K$38K$57K
Salary
$34,118 - $54,913  
   
Bonus
$0.00 - $4,883  
Profit Sharing
$41.43 - $9,787  
Commission
$2,300  
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).
)
$30,588 - $53,805  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 716
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$12$24$36
Hourly Rate
$12.97 - $22.60  
   
Hourly Tips
$1.82  
Overtime
$20.36 - $34.25  
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$24K$48K$72K
Bonus
$0.00 - $4,883  
   
Commission
$2,300  
Profit Sharing
$41.43 - $9,787  
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).
)
$30,588 - $53,805  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 419
United States (change)

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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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At the upper end, Junior Accountants who move into an Assistant Controller role can end up with a hefty increase in pay. The average income for Assistant Controllers is a much higher $65K per year. It is quite typical for Junior Accountants to transition into roles as Staff Accountants or Senior Accountants, where reported median earnings are $3K and $19K higher per year.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Survey results imply that Junior Accountants deploy a substantial tool kit of skills at work. Most notably, skills in Financial Analysis, Financial Reporting, Payroll Administration, and Auditing are correlated to pay that is above average. Those educated in Accounts Payable tend to be well versed 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.


Relatively untried employees who have less than five years' experience make $40K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $44K. After working for 10 to 20 years, Junior Accountants make a median salary of $43K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $47K on average.

Pay Difference by Location

National Average: $40,758

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

Home to some of the best pay for Junior Accountants, Rockville offers exceptional salaries, 29 percent above the national average. Junior Accountants can also look forward to large paychecks in cities like San Francisco (+25 percent), Houston (+14 percent), Washington (+9 percent), and Seattle (+9 percent). San Diego ranks last in the field for pay, reporting salaries 4 percent below the national average. Not at the bottom but still paying below the median are employers in Portland and Dallas (3 percent lower and 2 percent lower, respectively).

Related Job Salaries

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Experience Affects Junior Accountant Salaries




National Average
$41,000


Skills That Affect Junior Accountant Salaries



Payroll Administration
up arrow 3%

Auditing
up arrow 3%

General Ledger Accounting
up arrow 2%

Tax Preparation
up arrow 2%

Accounting
up arrow 2%

Quickbooks
up arrow 1%

Sales Tax Reports
up arrow 1%

Payroll Tax Compliance
up arrow 1%

Accounts Payable
0%

Accounts Receivable
0%

Microsoft Office
0%

National Average
$41,000

Microsoft Excel
up arrow 1%

Bookkeeping
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 132 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
15%
1-4 years
59%
5-9 years
12%
10-19 years
10%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 62%
medical benefits
Vision: 50%
dental benefits
None: 23%
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