Property Accountant Salary

Earnings for Property Accountants in the United States come in at around $49K per year on average. Total cash compensation to Property Accountants approaches anywhere from $37K on the lower end to $68K on the higher end; in exceptional cases, this can include more than $7K from bonuses and upwards of $3K from profit sharing. Location and tenure each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Most Property Accountants survey respondents are women (75 percent). A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.

$38,360 - $65,937

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$14.41 - $28.17

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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$23K$46K$69K
Salary
$38,360 - $65,937  
   
Bonus
$0.00 - $6,862  
Profit Sharing
$58.17 - $3,117  
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).
)
$37,181 - $67,618  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 487
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$13$26$39
Hourly Rate
$14.41 - $28.17  
   
Overtime
$18.42 - $38.76  
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$26K$52K$78K
Bonus
$0.00 - $6,862  
   
Profit Sharing
$58.17 - $3,117  
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).
)
$37,181 - $67,618  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 90
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Job Description for Property Accountant

Property accountants are in charge of handling property accounting tasks for their company. They are responsible for completing sound financial analysis and balance sheet account reconciliation. In addition, they prepare regular reports (usually monthly) based on organizational objectives.

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Property 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 Property Accountant


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There are some Property Accountants — though it's uncommon — that transition into Senior Property Management Accountants, where earnings are an average $64K annually. Property Accountants most often move into positions as Senior Accountants or Accounting Managers; those groups report median salaries that are $9K higher and $10K higher, respectively.

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Popular Skills for Property Accountant


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Budgeting, General Ledger Accounting, Accounting, and Microsoft Excel are correlated to pay that is above average, with boosts between 6 percent and 14 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable and Accounts Payable. Most people who know Accounts Payable also know Financial Reporting.

Pay by Experience Level for Property Accountant

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


The average beginner in this position makes around $47K, but folks who have been around for five to 10 years see a markedly higher median salary of $53K. Property Accountants claiming one to two decades of experience make an estimated median of $55K. For some reason, Property Accountants with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $54K.

Pay Difference by Location


Property Accountants will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 37 percent. Property Accountants will also find cushy salaries in Washington (+31 percent), New York (+24 percent), Boston (+19 percent), and San Diego (+14 percent). Philadelphia is the lowest-paying area, 17 percent south of the national average. Below-median salaries also turn up in Virginia Beach and Seattle (16 percent lower and 9 percent lower, respectively).

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Experience Affects Property Accountant Salaries




National Average
$49,000


Skills That Affect Property Accountant Salaries

up arrow 14%


Accounting
up arrow 6%

Microsoft Excel
up arrow 4%

Financial Reporting
up arrow 1%

Financial Analysis
0%

National Average
$49,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 120 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
3%
1-4 years
48%
5-9 years
28%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 75%
vision benefits Vision: 59% employee benefits None: 10%
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