Salaries for accountants

Salaries for accountants DEFAULT

Average CPA And Accountant Salary Guide

Modified July 11, 2021

smiling accountant

Lucrative salaries, demand for accounting, and a lot of competition for talent that keeps pushing starting offers higher continue to make accounting a prime profession in the business world for anybody with the right blend of skills and credentials. An early investment in the right education paves the way to dream jobs in accounting that run the gamut for people with different interests and skillsets— from independent one-man operations and small local partnership firms on Main Street, to the echelons of corporate leadership and positions with Big 4 firms in the glass towers of the downtown financial districts in major metros across the country.

In 2020 there were more than 1.3 million accountants working in the United States, mostly based in urban areas and near regional hubs of commerce and industry. Since accountancy greases the skids for anything that involves money or audits, you’ll find accountants working for or contracted with every type of organization—large accounting consultancies, government agencies, major corporations, small businesses, non-profits, and the list goes on.

Accounting professionals fill an unimaginable variety of roles in those organizations, ranging from financial analysis to tax accounting to auditing to payroll services. Around a quarter of the profession is involved in accounting, tax preparation, bookkeeping, and payroll. The common denominator among all of them is strong salaries across the board.


 

Accounting Trends: Demand is Strong, Salaries Are Growing, and the Perks Keep Getting Better

A Closer Look at Accounting Jobs

Salaries in Public Accounting

Salaries in Corporate Accounting

Accountant and Auditor Salaries by State

 


Accounting Trends: Demand is Strong, Salaries Are Growing, and the Perks Keep Getting Better

growing trends

The Bureau of Labor Statistics (BLS) provides some general information on salary trends in the accounting profession, revealing what many in this profession already know: Demand is stronger than ever, and vacancies are getting harder and harder to fill. This means that when firms recruit professionals at all levels, from staff accountants and tax specialists to skilled auditors and CPAs, the process involves some pretty handsome starting offers at the respective levels.

In putting together salary statistics, the BLS places all these professionals in one broad category. This tends to skew figures low given the fact that the large majority of accountants are in salaried positions that don’t often come with the kind of bonuses and generous compensation packages reserved for CPAs, specialists and that elite class of accountants that go on to fill corporate leadership and c-suite positions.

For example, the BLS reports that accountants and auditors in the lower 25th percentile (those relatively new to the profession with little experience) earned $57,110 as of May 2020. But those who have made their way to the upper ranks of the profession courtesy of the CPA designation, a graduate degree, and some years of experience to draw on earn a salary of between $73,560 – $128,680 (50th – 90th percentile).

The average annual salary for this profession stands at an impressive $81,660.

In some cases, companies scrambling to fill these roles are adjusting hiring requirements, looking for people with the hard accounting skills it takes to chew through financial data even if their soft skills are a little less polished… This means that more and more, talented problem-solvers are finding positions they pay well, even if they can’t pick out a tie.

Tech continues to transform the field: Cloud computing, AI, machine learning – they’re all changing the way accountants do their jobs. If you want a competitive edge in the field, expect to be required to have knowledge of cloud-based systems, data analytics, emerging tools, and enterprise resource planning systems.

Strategic skills are key: With monotonous work like data entry automated out of existence years ago, firms are now looking for accountants who come to the table with real critical thinking and problem-solving skills.

Salaries are going nowhere but up: The most sought-after accounting and finance professionals aren’t just getting one job offer – they’re getting multiple offers, and they’re becoming more confident in salary negotiations.

Firms are keeping compensation packages competitive: Perks remain an important part of the picture in the accounting and finance fields. Signing bonuses, matching gift programs for employee donations/fundraising, paid parental leave and, most recently, flexible work schedules and telecommuting options, many of which remain in place even after COVID restrictions have been lifted, are part of the salary packages for today’s accounting professionals.

In fact, the coronavirus pandemic has had a dramatic influence on how and where accounting professionals work, with most firms implementing dramatic, long-term changes regarding everything from remote audits to more rapid conversions to cloud-based systems.

A Closer Look at Accounting Jobs

accounting careers

Some of the most popular accounting positions include:

  • Accounting manager
  • Certified Internal auditor
  • Business analyst
  • Payroll manager
  • Controller
  • Senior accountant
  • Financial analyst
  • Staff accountant
  • Forensic accounting

Skilled accounting and finance pros remain on the top of the most-wanted list in corporate accounting, with CPAs, of course, always ranking at the top, along with Certified Management Accountants (CMAs). New regulations keep senior accountants, financial analysts, and payroll managers busy. Firms continue to struggle to fill positions for public accountants, and it’s quite common for even entry-level public accountants to field multiple job offers.

For pros in the banking and financial markets, risk and compliance, and operations, job opportunities remain strong.

Salaries in Public Accounting

accountant with family

Competition for top talent in the public accounting industry has only become tougher over the past year, and retention and hiring have become key priorities. That’s driving salaries higher and increasing other compensation and retention tools used to sweeten the deal, from bonuses to flextime and paid time off, to non-standard benefits like day care assistance.

Accountants in accounting, tax preparation, bookkeeping, and payroll services earned an average salary of $85,050, as of May 2020.

Senior-level public accountants earn between $100,740 and $139,320, while those in specialist roles (financial analysts, financial risk specialists, etc.) earn between $71,390 and $91,560 in entry to middle-level positions and between $123,340 and $161,430 in senior positions.

Public accountants who serve as financial examiners focus on performing compliance and risk assessment duties and can be found contracted with or working for banks, brokerages and other financial firms and lenders that manage financial assets, as well as for the government bodies that regulate financial activity. These accounting professionals earn an average salary of $92,730, while those at the top end of the salary scale earn between $113,170 and $159,120.

Salaries in Corporate Accounting

corporate accounting

Corporate accountants are in heavy demand in almost every sector, from manufacturing to real estate to healthcare. Major changes in the U.S. tax code, technology solutions implementation, merger and acquisition activity under the growing trend of massive corporate consolidations – all these things are accelerating the need for expert staff and senior accountants, financial analysts, and tax specialists.

As a result, average corporate accountant salaries, as of May 2020, remain strong in all industries:

  • Federal government: $105,980
  • Computer and peripheral equipment manufacturing: $112,680
  • Securities, commodity contracts, and other financial investments and related activities: $102,020
  • Management of companies and enterprises: $82,770
  • Oil and gas extraction: $85,050
  • Insurance and employee benefit funds: $84,930
  • Other information services: $99,910
  • Other investment pools and funds: $85,880

At the pinnacle of corporate accounting in almost every company is the Chief Financial Officer (CFO). The most talented among them get starting offers in the mid six-figure range, even before stock options, bonuses and other incentives that are common at this level.

 

Other senior professionals also command very strong salaries on the basis of their expertise in specific business sectors and accounting specialties. In a tightening market, companies are offering generous compensation packages to attract talented leaders with real knowledge of accounting.

Financial managers, for example—CPAs and other accountants who assume managerial and leadership roles in corporations, banks, insurance companies and investment firms—earn an average salary of $151,510, with those in the upper 25th percentile commanding salaries that range from $186,030 to more than $208,000.

Some of the top-paying industries for financial managers, according to average salary, include:

  • Securities, commodity contracts, and other financial investments: $206,050
  • Monetary authorities – Central Bank: $200,780
  • Cable and other subscription programming: $196,520
  • Computer and peripheral equipment manufacturing: $195,340

Accountant and Auditor Salaries, by State

group forming mapHere you can find the salary ranges standard for accountants and auditors in your state (50th – 90th percentile), as reported for May 2020 (BLS shows overall averages for all accounting professions, including all education and credential levels):

Alabama: $64,040 – $110,200 (approximately 18,170 accountants and auditors)

Alaska: $75,800 – $115,190 (approximately 2,480 accountants and auditors)

Arizona: $68,680 – $115,830 (approximately 23,280 accountants and auditors)

Arkansas: $63,220 – $107,030 (approximately 7,040 accountants and auditors)

California: $79,030 – $135,410 (approximately 150,050 accountants and auditors)

Colorado: $76,720 – $133,250 (approximately 36,470 accountants and auditors)

Connecticut: $79,210 – $125,580 (approximately 15,870 accountants and auditors)

Delaware: $76,950 – $122,930 (approximately 5,010 accountants and auditors)

District of Columbia: $103,410 – $161,140 (approximately 10,050 accountants and auditors)

Florida: $65,100 – $118,600 (approximately 73,690 accountants and auditors)

Georgia: $73,940 – $133,410 (approximately 34,800 accountants and auditors)

Hawaii: $61,640 – $96,710 (approximately 4,680 accountants and auditors)

Idaho: $61,650 – $106,760 (approximately 4,130 accountants and auditors)

Illinois: $71,270 – $118,520 (approximately 49,590 accountants and auditors)

Indiana: $66,480 – $111,010 (approximately 21,470 accountants and auditors)

Iowa: $64,720 – $105,570 (approximately 10,340 accountants and auditors)

Kansas: $63,560 – $107,530 (approximately 12,830 accountants and auditors)

Kentucky: $62,550 – $116,280 (approximately 11,380 accountants and auditors)

Louisiana: $62,190 – $102,190 (approximately 12,440 accountants and auditors)

Maine: $64,300 – $106,330 (approximately 4,720 accountants and auditors)

Maryland: $76,250 – $129,940 (approximately 23,710 accountants and auditors)

Massachusetts: $81,190 – $136,490 (approximately 34,710 accountants and auditors)

Michigan: $68,980 – $115,150 (approximately 34,020 accountants and auditors)

Minnesota: $70,390 – $109,800 (approximately 23,810 accountants and auditors)

Mississippi: $60,000 – $105,230 (approximately 5,800 accountants and auditors)

Missouri: $64,850 – $110,920 (approximately 26,990 accountants and auditors)

Montana: $63,240 – $106,830 (approximately 3,460 accountants and auditors)

Nebraska: $63,830 – $106,970 (approximately 7,990 accountants and auditors)

Nevada: $63,970 – $100,230 (approximately 7,720 accountants and auditors)

New Hampshire: $69,280 – $108,020 (approximately 5,390 accountants and auditors)

New Jersey: $88,370 – $146,380 (approximately 39,060 accountants and auditors)

New Mexico: $61,290 – $102,290 (approximately 6,430 accountants and auditors)

New York: $89,210 – $162,900 (approximately 112,360 accountants and auditors)

North Carolina: $72,900 – $126,000 (approximately 35,890 accountants and auditors)

North Dakota: $61,930 – $101,060 (approximately 4,210 accountants and auditors)

Ohio: $67,860 – $113,320 (approximately 46,880 accountants and auditors)

Oklahoma: $66,860 – $117,630 (approximately 14,420 accountants and auditors)

Oregon: $71,790 – $111,410 (approximately 12,720 accountants and auditors)

Pennsylvania: $70,420 – $120,200 (approximately 50,240 accountants and auditors)

Rhode Island: $79,380 – $129,640 (approximately 5,050 accountants and auditors)

South Carolina: $60,950 – $105,400 (approximately 15,410 accountants and auditors)

South Dakota: $64,940 – $97,520 (approximately 4,940 accountants and auditors)

Tennessee: $64,120 – $104,190 (approximately 18,960 accountants and auditors)

Texas: $73,420 – $123,770 (approximately 109,470 accountants and auditors)

Utah: $64,100 – $109,040 (approximately 11,210 accountants and auditors)

Vermont: $66,940 – $105,140 (approximately 2,260 accountants and auditors)

Virginia: $79,670 – $135,700 (approximately 43,550 accountants and auditors)

Washington: $77,190 – $127,050 (approximately 30,620 accountants and auditors)

West Virginia: $63,390 – $103,630 (approximately 4,380 accountants and auditors)

Wisconsin: $67,840 – $105,780 (approximately 21,990 accountants and auditors)

Wyoming: $62,580 – $101,900 (approximately 1,940 accountants and auditors)

 

May 2020 Bureau of Labor Statistics salary and job growth data for Accountants and AuditorsFinancial Examiners, Financial Managers, and Chief Executives. Figures represent national and state data, not school specific information. Conditions in your area may vary. Data accessed April 2021.

Sours: https://www.accountingedu.org/salary/

Chartered accountancy offers a prestigious career with lots of opportunity for progression and high earning potential

As a chartered accountant you'll give advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.

Chartered accountants work in a range of organisations, including public practice firms and industry and commerce, as well as in the not-for-profit and public sectors. Working strategically, your aim is to maximise profitability on behalf of your client or employer.

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Responsibilities

As a chartered accountant, you'll need to:

  • manage financial systems and budgets
  • undertake financial audits (an independent check of an organisation's financial position)
  • provide financial advice
  • liaise with clients (individuals or businesses) and provide financial information and advice
  • review the company's systems and analyse risk
  • perform tests to check financial information and systems
  • advise clients on tax planning (within current legislation to enable them to minimise their tax liability) and tax issues associated with activities such as business acquisitions and mergers
  • maintain accounting records and prepare accounts and management information for small businesses (accountancy)
  • advise clients on business transactions, such as mergers and acquisitions (corporate finance)
  • counsel clients on areas of business improvement, or dealing with insolvency
  • detect and prevent fraud (forensic accounting)
  • manage junior colleagues
  • liaise with internal and external auditors (where applicable) and deal with any financial irregularities as they arise
  • produce reports and recommendations following internal audits or public sector audits
  • prepare financial statements, including monthly and annual accounts
  • arrange financial management reports, including financial planning and forecasting
  • advise on tax and treasury issues
  • negotiate terms with suppliers.

Salary

  • Starting salaries for accountants vary depending on the location, sector, size and type of firm. Graduates can expect to earn salaries of up to £40,000.
  • During training, the average earning potential can be up to £65,000.
  • The average annual salary for a chartered accountant is £84,500, with an average yearly bonus of £17,300.

Careers in banking and capital markets tend to attract the highest salaries and larger employers generally pay more than smaller ones.

Salary packages may include benefits such as bonuses, profit-sharing schemes, medical insurance, pensions and car allowances.

Income data from the Institute of Chartered Accountants in England and Wales (ICAEW). Figures are intended as a guide only.

Working hours

Working hours vary depending on the role and the organisation, but typically aren't 9am to 5pm. Working extra hours in the evening and at weekends is quite common to meet deadlines, particularly in larger firms. As a trainee, you'll usually be given time off in lieu of any overtime worked.

Flexible working arrangements are usually possible after qualification. You could also work independently by setting up as a sole practitioner.

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What to expect

  • Jobs are available in most areas throughout the UK but are more commonly found in cities and larger towns, where higher salaries are typically earned. Post-qualification opportunities exist overseas. There are also training opportunities overseas with ICAEW.
  • Due to the high-profile, high-responsibility nature of the work, the dress code is usually formal.
  • Support and advice for women entering accountancy is offered by Women in Banking & Finance, which aims to empower women to reach their full potential. There is currently still a gender pay gap.
  • Travel within a working day is frequent in audit work, which is carried out mainly at client premises. Absence from home overnight and occasional overseas travel is possible.
  • Working in other areas, such as tax, or in smaller firms, tends to be more office-based with less travel.

Qualifications

Entry is open to graduates of all disciplines, as companies offering training agreements are interested in graduates from a range of backgrounds. Entry to the profession without a degree or HND might be possible, but graduates will have the competitive edge over other candidates. Candidates with a degree are generally preferred to those with an HND by larger employers.

A Certificate in Finance, Accounting and Business (CFAB) serves as a useful step between a degree and a training contract. Alternatively, some employers train students to do the Association of Accounting Technicians (AAT) accounting qualification, which does not require a degree but can lead on to training for chartered status.

As well as a number of other bodies awarding other accountancy qualifications, there are three separate professional institutes of chartered accountants in the UK:

All chartered accountancy qualifications lead to the designation 'chartered accountant', and each has equal status, attracting equal recognition. Candidates who qualify through ICAS or Chartered Accountants Ireland receive the designation CA (chartered accountant), while those who qualify with ICAEW are designated ACA (associate of the ICAEW).

One of the most difficult parts of becoming a chartered accountant is securing a training contract with an employer approved by one of the institutes. You'll need good mathematical knowledge and ability, as your numeracy skills will be tested as part of the selection process.

The training contract lasts for three to five years, so it's important to consider the package of training, leave and pay offered by your employers before you commit, as managing professional study while working can become demanding.

The independent auditor of government spending, the National Audit Office (NAO), runs a Chartered Accountancy Training Scheme for graduates and school leavers. Applications are accepted in the autumn of the year before you start. Successful completion of the scheme results in chartership and membership of the Institute of Chartered Accountants in England and Wales.

Competition is tough and the selection process is rigorous. It's best to start applying in the autumn term of your final year at university to ensure yourself access to the biggest range of opportunities. Look out for the larger firms doing presentations on campus at recruitment fairs.

Skills

You'll need to show:

  • general business interest and awareness
  • self-motivation and commitment, in order to combine study while working
  • communication and interpersonal skills
  • organisational and time management skills
  • a methodical approach
  • IT proficiency
  • strong analytical and problem-solving skills
  • numeracy
  • leadership qualities and effective teamworking skills
  • motivation and initiative
  • integrity and trustworthiness.

Work experience

Contact accountancy firms to ask about opportunities to gain relevant pre-entry work experience, such as vacation work, work placements or shadowing.

Employers

You can work in any sector and in any size of organisation, although most training opportunities for chartered accountants are in public practice. Before applying to a firm, check that it's authorised by one of the relevant institutes.

Having a range of employers to choose from means you can pick your preferred working environment. Larger firms, where the vacancies are concentrated, have offices in major cities and towns around the country and overseas, whereas smaller firms may be concentrated in a particular location or specialise in a particular type of client.

Employers include:

  • public practice - including international accounting organisations or smaller accountancy firms, known as small and medium practices (SMPs) - all providing a variety of accounting and business services to clients
  • industry and commerce - including major commercial companies, such as those in the manufacturing, retail and telecoms industries
  • public sector - including local and central government, educational institutions, charities and not-for-profit organisations. Historically, the public sector has not been a big recruiter of chartered accountants but opportunities have increased in recent years.

Look for job vacancies at:

Chartered accountant jobs

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Professional development

There's a strong emphasis on continuing professional development (CPD) in this career. Once you've qualified as a chartered accountant, you'll need to keep up to date with technical and business issues. Your membership with a professional body will help facilitate this.

Your employer will also provide in-house training on technical and general skills to help you perform well in your job and there may be opportunities to specialise in certain areas, specific to the firm you work for.

Kaplan suggests learning a language (as accountants with language skills are in short supply), or doing some work for a charity to enhance your skill set.

Career prospects

The majority of chartered accountants train in public practice and the first three years are typically devoted to achieving the CA or ACA qualification. During this time you will build up experience and take on additional responsibilities, including supervising junior staff and liaising more directly with clients.

It may be possible to complete a secondment, where you'd spend time in another area of the practice to broaden your experience, or even work for a period overseas. You would usually remain with the same employer throughout the training contract.

Progression is often structured and opportunities for development and promotion are plentiful. You may become a manager two years after qualification and a senior manager three years after that. Progress to partnership is competitive but is achievable between eight and 15 years after qualification. In small firms, progression may be more rapid. It's possible to attain the position of finance director of a major company within 10 to 15 years of qualification.

After training, around half of all qualified chartered accountants work outside public practice, in commerce, industry, financial services, banking and the public and not-for-profit sector. Typical roles at the newly qualified stage include internal auditor, financial accountant and business analyst.

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Jobs in Accounting consist of both professional and supporting roles that involve a wide range of accounting activities for a business. Accounting functions in this category include accounts receivable/payable, billing, payroll, cost accounting, tax accounting, general ledger, auditing, fraud prevention, credit analysis, collections, and cash management accounting. Accounting jobs are essential to any business and are found in every industry and in both large and small organizations. Some job title examples are Cost Accountant, Accounts Payable Manager, Budget Analyst, Bookkeeper, Plant Accountant and Tax Supervisor.

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HOW MUCH AN ACCOUNTANT MAKES! £30K, £50K, £100K, OR MORE?!

Accountants and Auditors

How to Become an Accountant or Auditor About this section

Accountants and auditors

Most accountants and auditors need at least a bachelor’s degree in accounting or a related field.

Accountants and auditors typically need at least a bachelor’s degree in accounting or a related field to enter the occupation. Completing certification in a specific field of accounting, such as becoming a licensed Certified Public Accountant (CPA), may improve job prospects.  

Education

Accountants and auditors typically need a bachelor's degree in accounting or a related field, such as business. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.

Some universities and colleges offer specialized programs for a bachelor’s or master’s degree, such as in accounting, forensic accounting, internal auditing, or tax accounting. In some cases, those with an associate’s degree, as well as bookkeepers, accounting, and auditing clerks who meet the education and experience requirements set by their employers, may get junior accounting positions and advance by showing their accounting skills on the job.

Students may gain practical experience through internships with public accounting or business firms.

Licenses, Certifications, and Registrations

Any accountant who files a report with the Securities and Exchange Commission (SEC) is required to be a licensed Certified Public Accountant (CPA). Other accountants choose to become a CPA to enhance their job prospects or to gain clients. Employers may pay the costs associated with the CPA exam.

CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. All states require CPA candidates to complete 150 semester hours of college coursework to be licensed, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.

A few states allow a number of years of public accounting experience to substitute for a college degree.

All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that candidates pass all four parts within 18 months of passing their first part.

All states require CPAs to take continuing education courses, including ethics, to maintain their license.

Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:

The AICPA offers several designations. For accountants with a CPA, the AICPA offers the Accredited in Business Valuation (ABV), Certified Financial Forensics (CFF), Certified Information Technology Professional (CITP), and Personal Financial Specialist (PFS) certifications. All of these credentials require experience in the related area, continuing education, and passing an exam.

AICPA and the Chartered Institute of Management Accountants (CIMA) developed the Chartered Global Management Accountant (CGMA) designation as an internationally recognized professional credential. Candidates must complete a program, pass an exam, and meet a requirement for work experience.

The Association of Government Accountants (AGA) offers the Certified Government Financial Manager (CGFM) credential to accountants or auditors working with federal, state, or local government. To earn this certification, candidates must have a bachelor’s degree from an accredited college or university, pass examinations, and have professional-level experience in government financial management. To keep the certification, CGFMs must complete continuing professional education.

The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) credential to graduates from accredited colleges and universities who have work experience as internal auditors and have passed an exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.

The Institute of Management Accountants (IMA) offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have work experience in management accounting, pass an exam, agree to meet continuing education requirements, and comply with standards of professional conduct.

ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have work experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours may be substituted for some of the experience required in information systems auditing, control, or security.

Advancement

Some top executives and financial managers have a background in accounting, internal auditing, or finance.

Entry-level public accountants may advance to senior positions as they gain experience and take on more responsibility. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.

Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to become accounting managers, budget directors, chief cost accountants, or managers of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.

Public accountants, management accountants, and internal auditors may move from one type of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.

Important Qualities

Analytical and critical-thinking skills. Accountants and auditors must be able to critically evaluate data, identify issues in documentation, and suggest solutions. For example, internal auditors might detect fraudulent use of funds, and public accountants may work to minimize tax liability.

Communication skills. Accountants and auditors must be able to listen to and discuss facts and concerns from clients, managers, and other stakeholders. They must also be able to discuss the results of their work both in meetings and in written reports.

Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documents.

Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures. They may use advanced math skills, such as calculus and statistical analysis, for these tasks.

Organizational skills. Strong organizational skills are important for accountants and auditors, who often work with a range of financial documents for a variety of clients.

Sours: https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm

Accountants salaries for

Average Accountant Salary

$51,872
Avg. Base Salary (USD)

The average salary for an Accountant is $51,872

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What is the Pay by Experience Level for Accountants?

An entry-level Accountant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $47,310 based on 975 salaries. An early career Accountant with 1-4 years of experience earns an average total compensation of $49,489 based on 8,138 salaries. A mid-career …Read more

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.

Occasionally, internal audits must be carried out to make sure that the various areas of …Read more

Job Satisfaction for Accountant

Based on 2,802 responses, the job of Accountant has received a job satisfaction rating of 3.84 out of 5. On average, Accountants are highly satisfied with their job.

Gender Breakdown

Prefer to self-define

0.8%

This data is based on 8,182 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Sours: https://www.payscale.com/research/US/Job=Accountant/Salary
HOW MUCH AN ACCOUNTANT MAKES! £30K, £50K, £100K, OR MORE?!

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