Months back, I went with my sibling to a Financial Institution, that was her first time visiting one. She had been observing for a while, but I guess she couldn’t keep it any longer, then she blurted out.”Big Sister, People who work here are rich.”
I could only laugh at her childishness. But isn’t that the truth? At one point or the other, you have come across an accountant during a tax season, then you’ve probably blurted it out like my sibling or asked yourself how much an accountant makes an hour or wondered how rich they are. So, how much do accountants make an hour?
If this has ever crossed your mind, you will find the answer you seek today. Here, you will find out how much an accountant makes an hour, an accountant’s job description, duties, and job requirements.
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Accountant Job Description
An accountant is responsible for recording, analyzing, compiling, verifying, and reviewing financial records of individuals or companies’ financial records and transactions. They are also the ones who calculate tax owned make follow-ups on payments made or received from the United States Government.
An Accountant usually is a busy worker who prepares all financial records and keeps all financial book records accurate. It is a job open to both genders. Are you interested In becoming an account and would love to know how much an accountant makes per hour? Read on to Find out.
How Much Do Accountants Make an Hour
When it comes to answering the question of how much do accountants make an hour, it is important to note that an accountant’s income is dependent on many factors like education attained, training, experience, location, etc.
Accountant earns enough for a decent living. Their salaries range from $26.92 per hour. Although the median hourly salary of some ranges from $32.76 per hour. Some accountants earn more or less. The senior-level accountants make up to $120 910 per year.
An entry-level accountant makes a reasonable income per hour, although it increases with their experience level.
This is what an accountant make an hour based on experience:
- Less than 5 years
- $26.92 per hour
- 5-10 years
- $33.65 per hour
- 10-20 years
- $38.94 per hour
- 20+ years
- $44.71 per hour.
Top 10 Highest Accountant Paying Cities In The U.S
- San Mateo, $34.02 per hour
- Richmond $31.8 per hour
- Petaluma, CA. $31.06 per hour
- Plymouth, MA $30.98 per hour
- Stamford, CT $30.97 per hour
- Bellevue, WA $30.90 per hour
- Morehead, KY $30.61 per hour
- Gloucester, MA. $30.59 per hour
- Quantico, VA $30.58 per hour
- Brooklyn, NY $30.51 per hour
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Duties of An Accountant
Have you probably thought an accountant is only charged with the responsibilities of money? Of course not, The duties of an accountant include:
- Communicate with clients via phone, email, and in-person,
- Produce billing statements and reports,
- Assist with monthly, quarterly, and annual audits,
- Cross check and approve expense reports,
- Review, then reconcile the general ledger often,
- Participate in forecasting and budget planning sessions,
- Uphold obedience with all state and federal regulations at all times,
- Maintain the excellent reputation of the firm,
- Uphold constant communication with the clients and senior accountant,
- Collaborate with other teams to achieve allocated goals, etc.
Types Of Accountant Jobs
There are various types of account specialties, but below are the most common three;
- Public Accountant,
- Management Accountant, and
- Government Accountants.
Public Accountant
This type of Accountant Job requires you to work with individuals, small businesses, or large agencies with training in finance, auditing, etc.
Management Accountant
This type of Accountant job requires working in-house at large companies to help clients with financial planning and a reasonable budget.
Government accountants
This set of accountants works with the government agencies to guarantee that all federal funds are spent lawfully, and tax requirements are met.
Other types include; international accountant, tax accountant, forensic accountant, non-profit accountant, etc.
Requirements For An Accountant Job
- Degree in accounting or any relevant required field,
- 1-year experience as an accountant or bookkeeper in any cooperate setting,
- Computer skills which include Microsoft Office and databases,
- Math and analytical skills,
- Knowlege of Quickbooks and financial statements,
- Organizational skills and natural ability for numbers,
- Written and verbal communication skills,
- Customer service and interpersonal skills,
- Phone and email etiquette,
- Capacity to grow in a deadline-driven setting, etc.
SEE ALSO: Is finance a good career path?
How Do You Get an Accountant Job?
To secure a job as an account, you are expected to have:
- A bachelors degree in accounting, finance, or any other related field,
- Pass the Uniform Certified Public Accountant Examination and professional Ethics Exams to become a certified public accountant,
- Internship while at school can help you to gain experience, then
- Apply for an entry-level position.
However, it is essential to note that accountants write different exams while obtaining their degree program, even while on Job, this is why it is advisable to be knowledgeable if you would love to pursue a career as an Accountant.
Conclusion
How much do Accountants make an hour? This varies depending on the level of experience. Nevertheless, be assured that how much you would make per hour can earn you a decent living if you are frugal with spending.
You can pursue a career for yourself today if you have the capacity. If this post has helped you, do not forget to leave a comment in the comment section.