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Accountant hiring summary. Here are some key points about hiring accountants in the United States:
Here's a step-by-step accountant hiring guide:
An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.
The accountant hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
Hiring the perfect accountant also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list shows salaries for various types of accountants.
Type Of Accountant | Description | Hourly Rate |
---|---|---|
Accountant | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show More | $19-34 |
Accountant And Office Manager | An accountant/office manager is responsible for monitoring the organization's accounting records and financial reports, analyzing statistical information, and managing payroll processes. Accountant/office managers must have excellent knowledge of accounting disciplines and principles to perform accounting duties and train accounting staff of the accounting operations, overseeing account receivables, conducting bank reconciliations, and responding to the staff's inquiries and concerns... Show More | $16-35 |
Certified Public Accountant | A certified public accountant (CPA) acts as an advisor to small businesses and chief financial officers to Fortune 500 companies. They typically work for both small and large public accounting firms... Show More | $23-57 |
Including a salary range in your accountant job description helps attract top candidates to the position. An accountant salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for an accountant in Arkansas may be lower than in New York, and an entry-level accountant usually earns less than a senior-level accountant. Additionally, an accountant with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | District of Columbia | $71,991 | $35 |
2 | New York | $68,492 | $33 |
3 | New Jersey | $67,932 | $33 |
4 | Massachusetts | $62,769 | $30 |
5 | Virginia | $61,511 | $30 |
6 | California | $58,980 | $28 |
7 | Maryland | $58,761 | $28 |
8 | Washington | $57,336 | $28 |
9 | Pennsylvania | $55,064 | $26 |
10 | Colorado | $52,610 | $25 |
11 | Michigan | $52,023 | $25 |
12 | Minnesota | $51,899 | $25 |
13 | North Carolina | $50,764 | $24 |
14 | Illinois | $50,446 | $24 |
15 | Georgia | $50,014 | $24 |
16 | Texas | $49,884 | $24 |
17 | Ohio | $48,446 | $23 |
18 | Arizona | $48,134 | $23 |
19 | Indiana | $47,721 | $23 |
20 | Nevada | $46,453 | $22 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Meta | $100,015 | $48.08 | 4 |
2 | PayPal | $99,145 | $47.67 | |
3 | The Carlyle Group | $96,880 | $46.58 | 3 |
4 | Apple | $96,163 | $46.23 | 4 |
5 | $91,469 | $43.98 | 23 | |
6 | Jordan Company | $91,459 | $43.97 | |
7 | Microsoft | $90,104 | $43.32 | 1 |
8 | Cisco | $89,933 | $43.24 | 1 |
9 | Oracle | $84,756 | $40.75 | 81 |
10 | Pacific Investment Management Company LLC | $83,766 | $40.27 | 5 |
11 | Adobe | $83,384 | $40.09 | 9 |
12 | McKinsey & Company Inc | $82,880 | $39.85 | 8 |
13 | Ernst & Young | $82,205 | $39.52 | 268 |
14 | PBF Energy | $82,166 | $39.50 | |
15 | Atlassian | $81,373 | $39.12 | 4 |
16 | Novartis | $79,911 | $38.42 | 2 |
17 | American Century Investments | $79,738 | $38.34 | |
18 | Nabors Holding Company | $79,544 | $38.24 | |
19 | JPMorgan Chase & Co. | $78,973 | $37.97 | 22 |
20 | FUJIFILM Diosynth Biotechnologies | $78,550 | $37.76 | 3 |
A job description for an accountant role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an accountant job description:
There are various strategies that you can use to find the right accountant for your business:
Recruiting accountants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect accountant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire accountants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire accountants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $54,890 per year for an accountant, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for accountants in the US typically range between $19 and $34 an hour.