Accounting Specialist Salary
|Salary||$33,544 - $60,153|
|Bonus||$500 - $6,020|
|Profit Sharing||$198 - $5,036|
|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).)
|$30,855 - $56,535|
|Hourly Rate||$14.21 - $23.53|
|Overtime||$20.39 - $36.53|
|Bonus||$500 - $6,020|
|Profit Sharing||$198 - $5,036|
|Total Pay (||$30,855 - $56,535|
Job Description for Accounting Specialist
Accounting specialists are responsible for executing accounting tasks and strategies for their organizations and performing day-to-day financial activities including completing tax forms, logging revenues and expenses, and balancing checkbooks. They are also tasked with providing support to the financial department to find discrepancies in billing, payroll, and expenses, and must have strong problem-solving skills to find innovative solutions to save company resources and reduce expenses.Read More...
Accounting specialists work in an office environment and use a personal computer to make calculations, write reports, and use spreadsheet software, and they work closely with vendors and accounts payable and receivable to keep accurate records for future reference. They must follow strict privacy guidelines to protect confidentiality and help organize accounting procedures and prioritize deadlines to ensure that important documents are sent to the right places. They should also work well in a team setting with other accounting specialists to achieve all objectives in a timely manner.
Accounting specialists must share information with other departments to reconcile accounting accuracy, and they are also responsible for preparing account statements, responding to correspondence, distributing invoices, and keeping track of client billing. They must pay close attention to detail during file reading to find errors in accounting to communicate to tax and audit representatives, and they also complete complex transactions and organize financial data in readable formats.
A bachelor's degree in accounting, finance, or a related field is generally required for this position, and prior experience in the field is highly beneficial. Industry and financial certifications are also helpful. (Copyright 2017 PayScale.com)
Accounting Specialist Tasks
- Manage various forms of accounting data, such as that related to accounts payable and accounts receivable.
- Contribute to maintenance of accounting data and provide support as needed to accounting department.
- Processes documents related to expenses, such as checks.
Common Career Paths for Accounting Specialist
As Accounting Specialists transition into upper-level roles such as Financial Controller, they may see a strong upturn in salary. Financial Controllers earn $77K on average per year. Staff Accountants or Accounting Managers are common next-step roles for Accounting Specialists moving up in their careers; annual pay for Staff Accountants is $4K higher on average, and it's $20K higher for Accounting Managers.
Accounting Specialist Job Listings
Popular Employer Salaries for Accounting Specialist
Although the highest salaries can be found at Martin Brothers where median pay is $37K, there is little variation in compensation; paychecks are spread only between $35K and $41K.
Popular Skills for Accounting Specialist
Survey results imply that Accounting Specialists deploy a deep pool of skills on the job. Most notably, skills in SAP SAP Financial Accounting and Controlling, Reconciliation, Financial Reporting, and Bookkeeping are correlated to pay that is above average. Skills that pay less than market rate include Data Entry, Microsoft Office, and Billing. Most people experienced in Accounts Payable also know Microsoft Excel and Financial Reporting.
Pay by Experience Level for Accounting Specialist
Pay by Experience for an Accounting Specialist has a positive trend. An entry-level Accounting Specialist with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 983 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Accounting Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41,000 based on 532 salaries. An experienced Accounting Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $44,000 based on 576 salaries. An Accounting Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 392 salaries.
Pay Difference by Location
For Accounting Specialists, Chicago provides a pay rate that is 23 percent greater than the national average. Accounting Specialists can also look forward to large paychecks in cities like Denver (+18 percent), Dallas (+16 percent), Seattle (+16 percent), and Houston (+11 percent). Those in the field find the lowest salaries in Tulsa, 15 percent below the national average. On the whole, employers pay 8 percent below the median salary for those in this field in Cedar Falls and Austin.
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Rated 4 out of 5
based on 477 votes.