Payroll Accountant Salary

Payroll Accountants in the United States are often veterans in their line of work, with half bringing more than 10 years of experience to the table. Salaries slide in at $50K annually on average but can range from $31K to $66K per year. With some bonuses approaching $4K and certain profit sharing proceeds approaching $5K, overall incomes of Payroll Accountants spread between $31K and $66K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by career duration. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The vast majority (89 percent) of Payroll Accountants who took the survey are female. Most Payroll Accountants report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$34,865 - $66,490
(Median)
$35K
$50K
$66K
MEDIAN: $49,886
10%
50%
90%

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$11.53 - $25.00
(Median)
$12
$18
$25
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$23K$46K$69K
Salary
$34,865 - $66,490  
   
Bonus
$0.00 - $4,072  
Profit Sharing
$200.00 - $4,800  
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).
)
$31,112 - $65,819  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 449
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$15$30$45
Hourly Rate
$11.53 - $25.00  
   
Overtime
$17.07 - $44.70  
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$30K$60K$90K
Bonus
$0.00 - $4,072  
   
Profit Sharing
$200.00 - $4,800  
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).
)
$31,112 - $65,819  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 191

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Job Description for Payroll Accountant

Payroll accountants generate, maintain, and interpret various reports and financial statements for the company. Most of their work is performed internally, and adherence to various government standards and company policies is critical. Depending on the size of the company, this work may be performed with a team of other accountants or independently; however, payroll accountants should be flexible enough to work both independently and in a team setting. All work is performed in an indoor office environment during regular business hours, although some overtime may be required due to upcoming deadlines or other business needs.

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Payroll Accountant Tasks

  • Generate and interpret financial records and statements for management.
  • Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Analyze financial data in order to prepare financial reports.
  • Utilize accounting principles to report employee earnings; such as salaries, wages, bonuses, and overtime and payroll taxes as well as employer paid benefits; such as vacation and holidays, various insurance and retirement plans.

Common Career Paths for Payroll Accountant


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Payroll Accountants often transition into upper-level roles like Payroll Manager, for which the average compensation is $54K per year.

Payroll Accountant Job Listings

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Popular Skills for Payroll Accountant


Payroll Accountants report using a wide range of professional skills. Most notably, skills in General Ledger Accounting, Payroll Tax Compliance, Accounting, and ADP Payroll System are correlated to pay that is above average, with boosts between 8 percent and 15 percent. Skills that seem to negatively impact pay include Microsoft Excel. Those proficient in Payroll Administration are, more often than not, also skilled in ADP Payroll System and Accounts Payable.

Pay by Experience Level for Payroll Accountant

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


For Payroll Accountants, more experience in the field does not usually mean bigger paychecks. Respondents with less than five years' experience take home $41K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $47K. For Payroll Accountants, 10 to 20 years of experience on the job amounts to an average salary of $51K. Payroll Accountants who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $52K on average.

Related Job Salaries

United States (change)

Experience Affects Payroll Accountant Salaries




National Average
$46,000


Skills That Affect Payroll Accountant Salaries



Accounting
up arrow 8%

ADP Payroll System
up arrow 2%

Payroll Administration
0%

National Average
$46,000

Accounts Payable
up arrow 1%

Accounts Receivable
up arrow 3%

Microsoft Excel
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 140 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
3%
1-4 years
23%
5-9 years
23%
10-19 years
32%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 75%
vision benefits Vision: 56% employee benefits None: 16%