Q: Do staff accountants do accounts payable?

Yes, staff accountants assist with accounts payable. Staff accountants handle basic accounting tasks like financial reporting, budget preparation, and general bookkeeping for an organization.

Q: How much do staff accountants make?

Staff accountants make $50,000 a year, on average. The amount a staff accountant earns varies by experience and education, however, ranging from $40,000 to $60,000 annually. Entry-level staff accountants typically make closer to $40,000 a year, while experienced staff accountants make closer to $55,000 annually. However, a typical mid-career point for staff accountants is around $50,000 a year.

Q: Can a staff accountant make 100k?

Yes, you can make $100,000 per year as a staff accountant. While possible, it is unlikely to earn over $100k as a staff accountant because even higher-paid positions do not typically earn more than $65,000 per year. The average annual salary for a staff accountant is $52,650.

Q: Is staff accountant a good job?

Yes, being a staff accountant is a good job. Accounting is an industry that will never go away and tends to have high income potential and significant room for growth. With the high growth of accounting needs, many companies today compete to attract skilled accounting and finance professionals at all levels.

Question 1

How long does it take to become a Staff Accountant?

Accepted Answer

It takes 3 years of professional experience to become a staff accountant. That is the time it takes to learn specific staff accountant skills, but does not account for time spent in formal education. If you include the normal education requirements to complete a college degree, then it takes 6 to 8 years years to become a staff accountant.

Question 2

Do staff accountants do accounts payable?

Accepted Answer

Yes, staff accountants assist with accounts payable. Staff accountants handle basic accounting tasks like financial reporting, budget preparation, and general bookkeeping for an organization.

Question 3

How much do staff accountants make?

Accepted Answer

Staff accountants make $50,000 a year, on average. The amount a staff accountant earns varies by experience and education, however, ranging from $40,000 to $60,000 annually.

Entry-level staff accountants typically make closer to $40,000 a year, while experienced staff accountants make closer to $55,000 annually. However, a typical mid-career point for staff accountants is around $50,000 a year.

Question 4

What is a staff accountant vs. an accountant?

Accepted Answer

Staff accountants hold a higher-level position than accountants. Staff accountants hold more experience than accountants and are in a mid-level position.

Staff accountants and accountants are similar in their financial duties and can hold similar credentials, but staff accountants have a higher level of experience which means they also typically take on a higher level of responsibility than the more junior level accountants.

Question 5

What is a good starting salary for a Staff Accountant?

Accepted Answer

A good starting salary for a staff accountant is $42,000 in the United States. That puts you in the 10th percentile of annual income for a staff accountant in the U.S., which is about what you would expect if you were new to the field. The average salary for staff accountants is $52,650, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a staff accountant can vary by state.

Question 6

How much does a staff accountant at EY make?

Accepted Answer

The average salary for a staff accountant at EY is around $52,000 a year. This amount is slightly higher than the United States staff accountant averages, around $50,000 annually.

This is comparable to the other Big Four accounting firms, which typically pay slightly more than average to retain the best talent.

Question 7

How much does a staff accountant make at Deloitte?

Accepted Answer

The average salary for staff accountants at Deloitte is around $57,000 a year. This amount is slightly higher than the United States staff accountant averages, around $50,000 annually.

This is comparable to the other Big Four accounting firms, which typically pay slightly more than average to retain the best talent.

Question 8

Can a staff accountant make 100k?

Accepted Answer

Yes, you can make $100,000 per year as a staff accountant. While possible, it is unlikely to earn over $100k as a staff accountant because even higher-paid positions do not typically earn more than $65,000 per year. The average annual salary for a staff accountant is $52,650.

Question 9

Is staff accountant a good job?

Accepted Answer

Yes, being a staff accountant is a good job. Accounting is an industry that will never go away and tends to have high income potential and significant room for growth.

With the high growth of accounting needs, many companies today compete to attract skilled accounting and finance professionals at all levels.

Question 10

Is staff accountant higher than accountant?

Accepted Answer

Yes, a staff accountant is a higher position than an accountant. Depending on the organization, the title of staff accountant is typically a higher role than an accountant, often referred to as a junior accountant.

Question 11

What are the job requirements for a staff accountant?

Accepted Answer

To become a staff accountant, a person needs to hold a bachelor's degree in accounting and have at least two to three years working as an accountant. These are the base requirements to get a job as a staff accountant.

Question 12

What percentage of Staff Accountants are female?

Accepted Answer

57.5% of staff accountants are female in the United States. This is -0.7 percentage points lower than last year. Additionally, the percentage of female staff accountants has decreased by -0.6 percentage points since 2010. That means there are a total of 465,311 female staff accountants in the U.S. and 343,927 male staff accountants in the United States. Note that Zippia's estimate accounts only for the 809,238 people with the specific job title of staff accountant and doesn't include grouping similar job titles, or people with potentially similar credentialing.

Question 13

How do I write a resume for a staff accountant job?

Accepted Answer

You write a resume for a staff accountant job by outlining your work history related to accounting and your accounting education.

You then describe the job duties and responsibilities you performed within the roles and obtain relevant professional certifications, such as the Certified Public Accountant designation.

Question 14

What is a profile summary in a resume for an accountant?

Accepted Answer

A profile summary for an accountant showcases your accounting specialties and the background experience you have gained in the field. The profile summary for an accountant gives hiring managers an understanding of your expertise in accounting, such as CPA designations and specialties like international accounting.

Question 15

What is a staff accountant's job description?

Accepted Answer

A staff accountant's job description is to maintain financial records at a business. This typically includes confirming compliance with IRS rules, reconciling bank statements, and balancing the ledger for regular reports.

Question 16

What should a staff accountant put on a resume?

Accepted Answer

A staff accountant should put all relevant information regarding their skills and expertise in accounting on a resume. The staff accountant should put their Certified Public Accounting designation on their resume and any other relevant certifications in the accounting field.

Question 17

What are the steps in the accounting cycle?

Accepted Answer

The eight steps in the accounting cycle are transactions, journal entries, posting, trial balance, worksheet, adjusting entries, financial statements, and closing the books. This is a cycle, so after closing the books, you start again at identifying transactions.

Question 18

What does ASC stand for in accounting?

Accepted Answer

In accounting, ASC stands for Accounting Standards Codification. Since 2009, the ASC has been the single source of authoritative US standards for nongovernmental entities. The ASC created a codified database that includes various standards and documents that accountants can use to guide their methods.

Question 19

What is the matching principle in accounting?

Accepted Answer

The matching principle in accounting is the principle for recording revenues and expenses. To apply it, a business must record its revenues alongside its expenses.

Ideally, these should follow within the same period to make clearing easier. The principle represents that businesses often incur expenses to have revenue.

Frequently asked questions about staff accountants

Questions about becoming a staff accountant