How much money does a senior staff accountant make

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Staff accountants are employees of an organization as opposed to an accounting firm. Staff accountants are accountants on staff at an organization—unlike those contracted by an organization through an accounting firm to prepare their books. Staff accountants typically fall within one of three broad categories: general, cost and tax. Salaries are much different from one specialty to another. Being a national average, high salaries—such as those for accountants in the federal government or securities and commodities industry—can skew this number. Salaries can vary between the two. If, however, an accountant has a professional certification, such as Certified Public Accountant, Accredited in Business Valuation or Certified Management Accountant, salaries increase by 5 percent to 10 percent a year. If a company staffs a cost accountant who is a specialist in the costs of production and distribution of an organization, salaries are much different. As with general accounts, professional certifications increase salaries by as much as 5 percent to 10 percent. If a company staffs a tax accountant who is a specialist in tax law and tax strategies, salaries are higher than both a general accountant and a cost accountant. The same rules apply for professional certifications, increasing salaries by as much as 5 percent to 10 percent a year. Based in Minneapolis, Minn. Prior to this, Severson worked as a manager of business development for a marketing company, developing targeted marketing campaigns for Big G, Betty Crocker and Pillsbury, among others. Skip to main content. Cost If a company staffs a cost accountant who is a specialist in the costs of production and distribution of an organization, salaries are much different. Tax If a company staffs a tax accountant who is a specialist in tax law and tax strategies, salaries are higher than both a general accountant and a cost accountant. About the Author Based in Minneapolis, Minn. Accessed 18 January Severson, Dana. Work — Chron.

Working As A Senior Staff Accountant

A staff accountant both provides a variety of accounting and auditing services to the company and gives management helpful advice based on available financial information. They help record daily transactions, prepare taxes, write financial reports and perform financial analysis to monitor costs, profitability and important financial ratios. The common need for accounting services across industries means staff accountants can find work in many companies or even be self-employed. Staff accountants can also increase their pay with a graduate degree, certification and promotion to senior accounting, auditing or managerial positions. Staff accountants help manage the company’s financial accounts and records, produce and analyze financial reports and documentation, handle tax records and returns, and advise management on improving the company’s financial performance. Often, they use computer software and their strong math skills to update journal entries, record transactions, calculate owed taxes, file tax returns, reconcile accounts and create regular reports about the company’s financial status. They also use their analytical skills and knowledge of accounting regulations and principles to check for errors, invalid accounting practices and compliance with financial reporting requirements. Staff accountants need to be detail oriented during all general accounting and auditing tasks to reduce errors and provide the company with accurate information. Staying organized is also key for both handling many types of financial records and possibly working with multiple clients. The most common qualification for a staff accountant is a bachelor’s degree in accounting, and a master’s degree and Certified Public Accountant CPA credential are preferred. A bachelor’s degree program in the field often consists of specialized coursework in auditing, financial and managerial accounting, financial analysis, taxation and cost accounting, in addition to an accounting internship that provides field experience. Additional accounting coursework, often in the form of a master’s degree program in accounting, is usually needed to qualify for the CPA exam, which consists of four sections taken over a period of 18 months. While state requirements vary, earning the CPA designation usually involves needing at least a year of work experience, and maintaining the CPA requires staff accountants to complete continuing education regularly. Around a quarter of staff accountants work in specialized firms that offer payroll, accounting, bookkeeping and tax preparation services. Other common industries include company and enterprise management, consultancies, state and local government, and finance and insurance companies. They often do their accounting tasks alone but meet with other accounting professionals when necessary. Full-time office jobs with normal business hours and occasional overtime are most common, although a small percentage of staff accountants work remotely and may have more flexibility with scheduling. Traveling is necessary for staff accountants who work with clients outside their company. A staff accountant can advance to a higher paying senior accountant, accounting manager or financial controller position with experience. Having a master’s degree or CPA credential may also increase earnings. This career also comes with regular pay increases based on experience, although PayScale reports these are not very significant increases. As of July , the average salaries by experience for a staff accountant on PayScale were as follows:. Fast job growth at a rate of 10 percent is expected for staff accountants between and , states the BLS. In addition to a strong economy increasing growth for accountants overall across industries, large companies especially will need accountants who can offer their expertise to help with international financial transactions. As automation reduces the need for routine accounting tasks, staff accountants with financial analysis skills will be beneficial to companies. Becoming a CPA and earning a graduate degree can help you stand out, especially if you want to work for major accounting firms. Ashley Donohoe started writing professionally in about career, business and technology topics. She has a Master of Business Administration degree from Western Governors University along with eight years of experience managing all aspects of her small business.

Job openings for Senior Staff Accountant

I am looking for a job in business, and would like to know about how much money accountant’s make. You could check out salary. Auditors seem to make a bit more — especially with a CPA license. Cost accountants, I’d say are probably between staff accountants and auditors there’s less of a demand, and less of a supply, I’d guess.

If you’re looking for a job and you’re looking at money, it’s a bad approach!!! Accountants make as little as 30 K entry levels and as much as K for partners. It depends on where you live, how good you are, and how you apply. That’s how it monet in every job. Accounting is a very broad career, but I can’t say it’s exciting. However, if you’re an excellent saleslperson acconutant will limit you. You may want to try Marketing. If you are sure you are interested in accounting then try researching following areas:.

Tax accounting specialties include:individual, fiduciary, non-for-profit, parternships and corporations. I am a CPA and have been in public accounting since The money is very good. Depends on who you are an accountant. If you own your own business, there can be a lot of money. Just like any profession it can be as little or as much as you want. Most likely the accountant because of the college degree. You don’t need to go to college to be an auto mechanic. It depends on where you work as with all jobs.

Beware, a lot of accountants are crooked and know how to work the books, they get paid the most!! My dad had one run off with all of his money foes Trending News.

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Answer Save. Tara, If you’re looking for a job and you’re looking at money, it’s a bad approach!!! If you are sure you are interested in accounting then try researching following areas: Tax accounting specialties include:individual, fiduciary, non-for-profit, parternships and corporations Auditing Financial Accounting generally CPA’s Operational Managerial accounting in manufacturing environements Governmental Accounting fund accounting, how much money does a senior staff accountant make as GAO All these positions are arcane and varied in nature and they all have unique salary ranges.

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Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations staf efficiently. In addition to examining and preparing financial documentation, accountants monfy auditors must explain their findings. This includes preparing written reports and meeting face-to-face with organization managers and individual clients. Many how much money does a senior staff accountant make and auditors specialize, depending on the particular organization that they work. Some work for organizations that specialize in assurance services improving the quality or context of information for decisionmakers or risk management determining the probability of a misstatement on financial documentation. Other organizations specialize in specific industries, such as healthcare. Some workers with a background in accounting and auditing teach in colleges and universities. For more information, see the profile on postsecondary teachers. Public accountants perform a broad range of accounting, auditing, tax, and consulting tasks.