Payroll Accountant Salary

Earnings for Payroll Accountants in the United States come in at around $50K per year on average. Including potential for bonuses and profit sharing — peaking near $4K and $4K, respectively — total cash payment to Payroll Accountants can bottom out near $31K or peak near $66K depending on individual performance. Geography and tenure each impact pay for this group, with the former having the largest influence. The vast majority of Payroll Accountants (88 percent) who responded to the survey are women. Medical benefits are awarded to a large number, and a fair number earn dental coverage. For the most part, Payroll Accountants enjoy their work and report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$35,033 - $66,998
(Median)
$35K
$50K
$67K
MEDIAN: $50,252
10%
50%
90%

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$11.84 - $25.12
(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
$35,033 - $66,998  
   
Bonus
$0.00 - $4,045  
Profit Sharing
$394.53 - $3,649  
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).
)
$31,464 - $66,271  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 468
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
$11.84 - $25.12  
   
Overtime
$17.58 - $44.56  
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 - $4,045  
   
Profit Sharing
$394.53 - $3,649  
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).
)
$31,464 - $66,271  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 198
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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


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in General Ledger Accounting, Payroll Tax Compliance, Accounting, and ADP Payroll System are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Accounts Receivable. 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.


Experience and pay tend to be weakly linked for Payroll Accountants — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $42K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $48K. Payroll Accountants who work for 10 to 20 years in their occupation tend to earn about $52K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $53K on average.

Pay Difference by Location


Payroll Accountants will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 28 percent. Payroll Accountants will also find cushy salaries in Los Angeles (+23 percent), Washington (+18 percent), Houston (+16 percent), and Atlanta (+14 percent). The smallest paychecks in the market, 20 percent south of the national average, can be found in Colorado Springs. Employers pay around 13 percent less in Portland and 3 percent less in The Woodlands, below-median salaries for those in this field.

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Experience Affects Payroll Accountant Salaries




National Average
$47,000


Skills That Affect Payroll Accountant Salaries



Accounting
up arrow 3%

ADP Payroll System
up arrow 2%

Payroll Administration
0%

National Average
$47,000

Accounts Payable
up arrow 1%

Accounts Receivable
up arrow 4%

Microsoft Excel
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 133 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
3%
1-4 years
25%
5-9 years
23%
10-19 years
31%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 75%
vision benefits Vision: 57% employee benefits None: 15%
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