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The average accounting manager salary in the United States is $76,214 per year. While those at the entry level make $52,624 on average, senior accounting managers make up to $108,006.
However, the number of years you’ve spent can determine how much you earn. Your location can also play a huge role and you have to meet certain requirements, to begin with.
So we have detailed the requirements, the best paying cities for the accounting manager jobs, and the companies that pay accounting managers above average.
This article is divided into sections so you can easily skip to any part you’re interested in.
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Who is an Accounting Manager?
An accounting manager primarily oversees and supervises accountants; develops, and implements systems and processes for analyzing, gathering, verifying, and reporting several financial information.
They’re also business representatives who create company financial policies, train, evaluate, and monitor day-to-day account tasks. They’re there to avoid and manage financial risk.
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What is Accounting Manager Job Description?
There are various duties and job descriptions of accounting managers, such as:
- They oversee daily operations and manage the accounting department.
- They monitor and analyze accounting data and produce financial reports, annual budgets, or statements.
- Creating and implementing good accounting principles, policies and methods.
- They establish internal controls and guidelines for accounting transactions.
- Responsible for tax planning and filing annual corporate tax returns.
- They audit accounts to make sure it complies with state and federal regulations.
- Recommend different managements on short and long-term financial policies and objectives.
- Make financial analysis on pricing decisions, contract negotiations, and capital investments.
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What is the Salary of an Accounting Manager in 2023?
The accounting manager salary in the United States is $76,214 per year. Those at the entry-level make $52,624 on average while senior accounting managers make up to $108,006.
What is the Average Salary of Accounting Manager in 2023?
An accounting manager makes around $76,214 per year on average in the U.S. They also, make an additional $15,000 commission and a cash bonus of $12,000 annually.
A person working as an average accounting manager in the United States can also earn up to 141,000 USD per year.
So we can say that salaries range from 66,300 USD (lowest) to 223,000 USD (highest).
What is Senior Accounting Manager Salary in 2023?
Senior account manager salary is $102,705 yearly in the United States with an average annual pay of $102,705 in 2023.
This is approximately $49.38 an hour. And the equivalent of $1,975/week or $8,559/month. This salary estimate seems to have remained the same since the beginning of the year.
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How Much Does an Accounting Manager Make at Entry Level?
Entry-level accounting manager in the U.S. makes $52,624 on average in 2023 while senior accounting managers make up to $108,006 a year.
You can start as a junior accountant with an average salary of $19.79 to $22.91 per hour. After about 5 years of experience, then you can go for managerial positions where you’ll earn more.
How Much is a Corporate Accounting Manager Salary in 2023?
The average Corporate Accounting Manager salary in the United States is $92,009 in 2023. The salary range can be as low as $22,940 and as high as $148,588.
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How Much do Accounting Managers Make in Different Industries in the U.S?
| Rank | Industry | Average Accounting Manager Salary |
|---|---|---|
| 1 | Finance | $89,714 |
| 2 | Technology | $89,448 |
| 3 | Retail | $87,936 |
| 4 | Health Care | $87,471 |
| 5 | Professional | $87,416 |
| 6 | Manufacturing | $87,054 |
| 7 | Hospitality | $84,835 |
| 8 | Transportation | $84,733 |
| INDUSTRY | ANNUAL MEAN WAGE |
|---|---|
| School and Employee Bus Transportation | $109,250 |
| Federal Executive Branch | $100,080 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities | $97,000 |
| Other Investment Pools and Funds | $96,770 |
| Other Pipeline Transportation | $93,590 |
Accounting Manager Salary by Years of Experience
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Accounting Manager Salary by Demography
We have listed 2 demographic findings on accounting manager salaries. They are:
- By Gender
- By Race
Accounting Manager Salary by Gender
Here in the United States, there are over 403,624 currently employed accounting managers among which 56% are female, and 39.5% are men. However, the average age of an employed accounting manager is 45 years old.
Accounting Manager Salary by Race
The most populous race among accounting managers is white, with 67%. However, 14.2% are Hispanics or Latinos, 9.5% are Asians, and 7.3% are Blacks or African Americans.
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15 Highest Paying Accounting Manager Jobs in 2023
1. Commercial Accounting Manager
Salary range: $104,500-$122,000 per year
A Commercial Finance Manager is one who analyzes a company’s data and also determines the ways to increase profit. He also evaluates financial information to assess the strengths and weaknesses of a company.
2. Fund Accounting Manager
Salary range: $92,500-$116,500 per year
Fund Accounting Managers fund accounts and carry out duties such as; preparing tax returns, management report writing, assisting in audits, delivering funds, and reconciling accounts.
3. Senior Accounting Manager
Salary range: $80,000-$121,500 per year
A Senior Accounting Manager oversees all financial operations of an organization. They prepare and examine statements and financial reports.
4. Cost Accounting Manager
Salary range: $84,000-$105,500 per year
The Cost Accounting Manager is one who compiles a financial report for a company. However, he also collects, analyzes, and prepares data for the senior management for financial review.
5. International Accounting Manager
Salary range: $89,500-$100,000 per year
An International Accounting Manager is one who manages external third-party accountants and individual contributors.
6. Accounting Manager Assistant Controller
Salary range: $74,500-$101,000 per year
Accounting Manager Assistant Controllers are accounting managers who assist with the management of accounting, budgeting, and auditing of accounts. They also work to achieve accuracy and balance in every account.
7. Revenue Manager
Salary range: $62,000-$104,500 per year
Revenue Managers investigate current market data to set prices or business strategies. They also use analytic data to maximize profit.
8. Senior Finance Manager
Salary range: $91,500-$139,500 per year
A Senior Finance Manager oversees business investments and develops strategic financial goals. In line with the above, he supervises financial managers and economic data analysts.
9. Revenue Cycle Manager
Salary range: $63,500-$80,500 per year
Revenue Cycle Manager is one who manages patients’ insurance and billing by a medical facility. His duties also include analyzing data, collecting payments, creating reports, and identifying lost revenue and patients outcome.
10. Finance and Administrative Manager
Salary range: $50,500-$76,000 per year
The finance and Admin Manager is one who is responsible for the overall financial management of a company. However, this includes; budgeting, monitoring of project expenditures, auditing and financial reports, and forecasting of expenditures.
11. Billing Supervisor
Salary range: $49,500-$65,000 per year
A Billing Supervisor provides an administrative and accounting overview for billing matters in an organization. He also helps members by approving payments, reviewing invoices, planning budgets, and communicating with members of the billing department.
12. Accounting Administrator
Salary range: $35,000-$51,500 per year
An Account Administrator reviews and reconciles accounts. In addition, he processes payments for external partners and keeps records of invoices and receipts.
13. Fiscal Manager
Salary range: $52,000-$62,500 per year
A Fiscal Manager is one who oversees all agency finance and accounting functions, such as; grant location, cash flow management, annual reports, auditing, and payrolls.
14. Cost Manager
Salary range: $78,500-$93,000 per year
A Cost Manager plans the budget and carries out cost-effective operations for projects. He also conducts audits on current projects and operation model cost-effectiveness.
15. Financial Services Manager
Salary range: $56,000-$93,000 per year
A Financial Service Manager is one who manages the performance of a financial service team by selling financial products to clients. He performs financial analysis, motivates the team, and provides sales training.
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10 Best Highest Paying Cities for Accounting Manager in the United States
1. Accounting Manager Salary NYC: $93,480
Number of Accountants: 71,070
Average Annual Salary: $93,480
2. Accounting Manager Salary Los Angeles: $78,090
Number of Accountants: 43,490
Average Annual Salary: $78,090
3. Accounting Manager Salary Washington D.C.
Number of Accountants: 35,350
Average Annual Salary: $84,910
4. Accounting Manager Salary Chicago
Number of Accountants: 31,340
Average Annual Salary: $74,460
5. Accounting Manager Salary Houston
Number of Accountants: 29,650
Average Annual Salary: $80,590
6. Accounting Manager Salary Atlanta
Number of Accountants: 28,460
Average Annual Salary: $76,040
7. Accounting Manager Salary Dallas
Number of Accountants: 25,300
Average Annual Salary: $77,100
8. Accounting Manager Salary Boston
Number of Accountants: 24,150
Average Annual Salary: $79,630
9. Accounting Manager Salary Philadelphia
Number of Accountants: 22,040
Average Annual Salary: $78,160
10. Accounting Manager Salary Denver
Number of Accountants: 21,360
Average Annual Salary: $74,780
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Which Companies Pay Accounting Managers the Most?
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What are Popular Skills for Accounting Managers?
Accounting managers’ job varies by industry. However, accounting managers need skills such as; financial analysis, leadership, communication, organization, management, and planning skills.
Financial Analysis Skills
Accounting managers in every organization need strong financial analysis skills. However, such skills help them to effectively manage accountants and also set good accounting goals.
Communication Skills
Accounting managers need good and effective communication skills to meet goals and manage their division. More so, they must effectively communicate with executives.
Leadership Skills
An accounting manager must act as a leader. However, they must coordinate and organize goals and create plans for staff accountants.
Management Skills
The accounting manager must effectively oversee their accounting team. However, they need strong management skills to carry out this task.
Organization Skills
A good organizational skill is highly recommended. More so, they must organize documents and oversee the entire division.
Planning Skills
As an accounting manager, strong planning skills are needed for long-term goals and to improve efficiency and lower costs.
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What are the Factors that Influence the Salary of an Accounting Manager?
The factors that can influence the salaries of an accounting manager are:
- Location
- Industry and employee
- Experience
- Credential
Location
Firstly, the location is very important. It is a factor that influences the salary of any person, even in the same occupation. However, this varies because of the cost of living. Supply and demand can also be a factor. For instance, an accounting manager in Las Vegas, NV, will not earn the same as that in Los Angeles, CA.
Industry and Employment
Secondly, industries and employment are highly influential. As a result, a newly created business will not pay the same amount as a known software company. A software company is likely to pay more.
Employment, as related to the employer’s place in the market, also affects the salary. An accounting manager working for a small business will receive less compared to that of a large organization.
Experience
Thirdly, the experience of a person has a significant influence on their salaries. Most employers look at years of experience as a good indicator of an employee’s skill and ability. So, an accounting manager that has worked on more complex issues will be an advantage over someone who has only worked in small businesses.
Credentials
In addition, certifications and licenses also have a significant influence on the salary rate. We expect an accountant with a CPA license to make 10-15 percent more than those without a license. Thus, your total compensation also includes bonuses, benefits, profit-sharing, and other extras.
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How Much Tax to Pay as an Accounting Manager
The estimated average federal tax in 2018 to date is 24%. Certainly, after a federal tax rate of 24% has been taken out, Accounting Managers could expect to have a take-home pay of $91,439/year, with each paycheck, which is approximately $3,810.
What are the Requirements of an Accounting Manager?
To be an accounting manager is neither a piece of cake nor something impossible. The following are the requirements of an accounting manager:
- Proven working experience as an accounting manager, accounting supervisor or finance.
- Manager’s advanced computer skills on MS Office, accounting software, and databases.
- Ability to manipulate large amounts of data.
- A certified experience in laws and regulations, accounting principles, practices, and book-keeping
- Acute attention to detail and accuracy.
- The ability to direct and supervise.
- Team player.
- Train new employees.
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What are the Physical Requirements For an Accounting Manager Job?
- Must be able to sit for a longer time at a desk and work on a computer.
- Must be able to lift up to 15 pounds of books, files, and other required tools.
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What are the Educational Requirements for an Accounting Manager?
- Requires a Bachelor’s degree in Accounting or Business Administration.
- Eight years or more of related experience is required.
- Certified Public Accountant designation preferred.
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What Skills Does an Accounting Manager Need?
The following are the skills an accounting manager needs:
- Excellent management and supervisory skills.
- An excellent written and verbal communication skills.
- Excellent organizational and time management skills.
- Proficient in accounting and tax preparation software.
- Highly knowledgeable in Microsoft Office Suite or similar software.
| Job Title | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| Technical Accounting Manager | $121,390 | $10,116 | $2,334 | $58.36 |
| Manager Technical Accounting | $112,059 | $9,338 | $2,155 | $53.87 |
| Technical Accounting | $108,270 | $9,022 | $2,082 | $52.05 |
| Senior Accounting Manager | $102,705 | $8,559 | $1,975 | $49.38 |
| Financial Accounting Manager | $100,527 | $8,377 | $1,933 | $48.33 |
Conclusion
Accounting managers make $76,214 on average. Those in entry-level earn $52,624 and senior accounting managers make $108,006 per year. You can start out as a junior accountant and get some experience and skills that will land you an accounting manager role.
FAQ’s
Do accounting managers make good money?
The average salary for an accounting manager is $79,917 per year in the United States
What does an accounting manager do?
An accounting manager primarily oversees and supervises accountants, they develop and implement systems and processes for analyzing, gathering, verifying, and reporting several financial information.
What is the highest accounting salary?
The senior earns the highest. It is approximately $49.38 an hour. The equivalent of $1,975/week or $8,559/month.
What makes a good accounting manager?
They must be able to interpret financial data and make recommendations based on their findings. They should have excellent analytical skills.
What skills are needed to be an accounting manager?
- Financial Analysis
- Leadership.
- Communication.
- Organization.
- Management.
- Planning.
FAQs
Do accounting managers make good money?
The average salary for an accounting manager is $79,917 per year in the United States
What does a accounting manager do?
An accounting manager primarily oversees and supervises accountants, they develop and implement systems and processes for analyzing, gathering, verifying, and reporting several financial information.
What is the highest accounting salary?
The senior earns the highest. It is approximately $49.38 an hour. The equivalent of $1,975/week or $8,559/month.
What makes a good accounting manager?
They must be able to interpret financial data and make recommendations based on their findings. They should have excellent analytical skills.
What skills are needed to be a accounting manager?
- Financial Analysis
- Leadership.
- Communication.
- Organization.
- Management.
- Planning.
Reference
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