As of April 01, 2025, the average annual salary for a Jr Accountant in Newark, NJ is $70,202. Salary.com reports that pay typically ranges from $64,402 to $77,302, with most professionals earning between $59,121 and $83,766.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $77,302 | $6,442 | $1,487 | $37 |
| Average | $70,202 | $5,850 | $1,350 | $34 |
| 25th Percentile | $64,402 | $5,367 | $1,239 | $31 |
An entry-level Jr Accountant with under 1 year experience makes about $69,893. With less than 2 years of experience, a mid-level Jr Accountant makes around $70,537. After 2-4 years, the Jr Accountant pay rises to about $72,134. Those senior Jr Accountant with 5-8 years of experience earn roughly $72,454, and those Jr Accountant having 8 years or more experience are expected to earn about $72,667 on average.
| Levels | Salary |
|---|---|
| Entry Level Jr Accountant | $69,893 |
| Intermediate Level Jr Accountant | $70,537 |
| Senior Level Jr Accountant | $72,134 |
| Specialist Level Jr Accountant | $72,454 |
| Expert Level Jr Accountant | $72,667 |
| Entry Level | 0% |
| Mid Level | 0% |
| Senior Level | 3% |
| Top Level | 3% |
| Experienced | 4% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Internal Control: Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
| Skill | Salary | Demand |
|---|---|---|
|
Coordination
|
$74,414 |
6%
|
|
Leadership
|
$74,414 |
6%
|
|
Collaboration
|
$73,010 |
4%
|
|
Initiative
|
$73,010 |
4%
|
|
Analysis
|
$73,010 |
4%
|
|
Finance and Accounting
|
$73,010 |
4%
|
