What Amount  Do Payroll Accountants Get Paid?

The amount payroll accountants receive in a month is equal to $4,617 every month or $1,065 per week. Annual salaries can reach as high as $77,000 and as low as $33,000. This depends on the state you are working in and the industry in which you are. Keep reading for more details.

What Do Accountants In Payroll Do?

  1. Reviewing invoices to make sure they are accurate and meet the payroll requirements.
  2. Control the payment of workers according to their hours worked and wages.
  3. Keeping track of employee records for tax purposes.

Demand For Payroll Accountants

The Bureau of Labor Statistics (BLS) predicts that between 2018 and 2028, employment for accountants and auditors will increase by 5%. This might vary depending on which states and industries experience the most growth. ..

Businesses need professionals to handle their payroll responsibilities as they expand. This is because payroll responsibilities can grow quickly and require more than one person to handle them effectively.

As tax and employment rules have changed over time, so has the demand for payroll accountants.

What You’ll Earn As A Payroll Accountant And Why

Salaries for payroll accountants in the United States vary based on experience, geography, skills, and other criteria. Payroll accountants in the US earn an average of $64,743 per year. ..

Average salary

The Bureau of Labor Statistics (BLS) recently released its report on median wages for various professions in the United States. The report found that the median wage for payroll accountants, including additional incentive pay, is $53,191. This figure varies depending on each individual’s level of professional experience, as is the case with many other professions. ..

Factors That Affect Payroll Accountants’ Salary

The pay of a payroll accountant is affected by the location of the employment, experience, and industry in which the payroll accountant works. The pay for a payroll accountant is also affected by the type of accounting company that employs the payroll accountant.

State Rankings For Payroll Accountants

A need for payroll accountants might vary substantially between states. For instance, within 10 years, the profession might experience a 32% growth rate in Utah. Payroll accountants make ensuring that all workers and contractors are paid on time and correctly.

Since the Bureau of Labor Statistics compiles pay information for all accountants and auditors by state, employees can estimate their expected salary by looking at the averages for different cities across the world. We’ve selected cities with Payroll Staff Accountants’ typical pay that is higher than the national average. ..

The national average for median household income is $55,409. However, in Deer Park, California, the median household income is $10,154 more than the national average. Atkinson, Nebraska also has a higher median household income than the national average.

The high salaries and low cost of living in these cities are two major factors that make them attractive to prospective Payroll Staff Accountants. ..

  1. Omaha, NE - The average salary for payroll staff accountant in Omaha is $86,000.
  2. Brooklyn, NY - The average salary for payroll staff accountant in Brooklyn is $75,000.
  3. Atkinson, NE - The average salary for payroll staff accountant in Atkinson is $85,000.
  4. Fort Worth, TX - The average salary for payroll staff accountant in Fort Worth is $87,000.
  5. Phoenix, AZ - The average salary for payroll staff accountant in Phoenix is $84,000.
  6. Jacksonville FL - Jacksonville has the lowest average salary of any city on this list at $60,000 per year.
  7. San Antonio TX - San Antonio has the highest average salary of any city on this list at $128,000 per year

Pay Scales By Degree

Higher education can lead to better salaries and more expertise. For example, Georgetown University research has shown that accounting graduates earn $69,000 a year on average. ..

Payroll Accountants And Other Accounting Professions.

The data in this article show that payroll accountants have a mean salary that is higher than the mean salary for other types of accountants. This is likely because payroll accountants are more likely to have opportunities for advancement and receive more compensation than other types of accountants.

Accountants who have more experience and are located in more rural areas tend to earn less than those who have less experience and are located in urban areas.

There are at least five positions in the Payroll Staff Accountant job category that pay more annually than the average Payroll Staff Accountant salary, according to our research. Senior Regulatory Accountant, Principal Accountant, and Group Accountant are three prominent examples of these positions. Importantly, the salaries for all of these positions range from $41,083 (74.1%) to $48,264 (87.1%) higher than the $55,409 average wage for payroll staff accountants. ..

The payroll accountant job market is very competitive and there are many opportunities to make a good salary. However, it is important to research the state in which you want to work in order to get the best pay. Some states pay more than others, so it is important to find out which one would be best for you.

According to PayScale, payroll accounting is one of the most lucrative fields in the country. The median pay for a payroll accountant is $92,000 per year. ..

Some other accounting fields have more salaries than payroll accounting because they are used to handle more complex financial transactions.

A payroll accountant is someone who helps manage a company’s payroll. This includes tracking employee wages, deductions, and payments. They also help to ensure that all taxes are paid on time. ..

You need to be able to think ahead and plan for the future.