The average salary for an Accountant is $52,827. An entry-level Accountant with less than 1 year of experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,310 based on 738 salaries. An early career Accountant with 1-4 years of experience earns an average total compensation of $49,719 based on 6,782 salaries. A mid-career Accountant with 5-9 years of experience earns an average total compensation of $57,027 based on 3,117 salaries. An experienced Accountant with 10-19 years of experience earns an average total compensation of $59,063 based on 2,318 salaries. In their late-career (20 years and higher), employees earn an average total compensation of $59,689. Updated List of Countries That Grant Free Citizenship 2022
What Do Accountants Do?
Accountants perform financial calculations for companies in a wide variety of fields. Some common duties include creating sales and cash flow reports, administering payroll, keeping balance sheets, carrying out billing activities, managing budgets, and keeping inventory. The accountant may also be responsible for filing taxes for the company, as well as reviewing past reports to generate income forecasts. Job Search Essentials for Managers and Executives
Occasionally, internal audits must be carried out to make sure that the various areas of the company are performing as expected; the accountant must also make sure that staff members are adhering to company policies and relevant laws. The accountant should be able to create accurate, detailed reports to illustrate data; sometimes, these reports have to be presented to management. The accountant may oversee the financial transactions of one department or multiple departments within their organization. What aid unemployed young people?
A bachelor’s degree in accounting is required for this position, as is status as a certified public accountant (CPA). Previous accounting experience is generally required or preferred as well. Knowledge of accounting software such as Quickbooks and Microsoft Excel is needed. Additionally, many of the accountant’s tasks are performed independently so it is essential to be self-motivated; however, collaboration is necessary, and the accountant must be able to work as part of a team. What is Logo Integration? What are the advantages?
How do Accountants Rate Their Jobs?
Based on 2,291 responses, the job of Accountant has received a job satisfaction rating of 3.83 out of 5. On average, Accountants are highly satisfied with their job.
Common Health Benefits for an Accountant
Gender Breakdown for Accountants
What Are Popular Skills for Accountants?
Skills in General Ledger Accounting, Financial Reporting, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than the market rate include Bookkeeping and Accounts Payable.
Skills That Affect Accountant Salaries
Different skills can affect your salary. Below are the most popular skills and their effect on salary.
- Consulting Management
- Forensic Accounting
- Regulatory Compliance
- Internal Audit
- NetSuite Software
- Tax Consulting
- SAP Enterprise Resource Planning (ERP)
- Financial Modeling
- People Management
Accountant Salaries By Location
Employees with Accountant in their job title in Seattle, Washington earn an average of 17.9% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (14.7% more) and New York, New York (12.0% more). The lowest salaries can be found in Denver, Colorado (1.9% less).
Popular Employers for Accountants
The top respondents for the job title Accountant are from the companies General Electric Co (GE), EY (Ernst & Young), and KPMG, LLP. Reported salaries are highest at EY (Ernst & Young) where the average pay is $60,407. Other companies that offer high salaries for this role include KPMG, LLP, and General Electric Co (GE), earning around $58,503 and $55,948, respectively. InfoSync Services pays the lowest at around $44,761. The Salvation Army and Waste Management, Inc. also pay on the lower end of the scale, paying $46,926 and $53,686, respectively. The Middle East and North Africa Salary Survey 2022