As of December 01, 2024, the average annual pay of Accountant I in Salem, MA is $71,060. While Salary.com is seeing that Accountant I salary in Salem, MA can go up to $84,619 or down to $58,988, but most earn between $64,741 and $78,158. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Accountant I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $69,846 | $5,820 | $1,343 | $34 |
| Average | $63,503 | $5,292 | $1,221 | $31 |
| 25th Percentile | $57,856 | $4,821 | $1,113 | $28 |
An entry-level Accountant I with under 1 year experience makes about $70,241. With less than 2 years of experience, a mid-level Accountant I makes around $70,921. After 2-4 years, the Accountant I pay rises to about $72,502. Those senior Accountant I with 5-8 years of experience earn roughly $72,818, and those Accountant I having 8 years or more experience are expected to earn about $73,029 on average.
| Levels | Salary |
|---|---|
| Entry Level Accountant I | $70,241 |
| Intermediate Level Accountant I | $70,921 |
| Senior Level Accountant I | $72,502 |
| Specialist Level Accountant I | $72,818 |
| Expert Level Accountant I | $73,029 |
| Entry Level | 11% |
| Mid Level | 12% |
| Senior Level | 14% |
| Top Level | 15% |
| Experienced | 15% |
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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
|
$75,324 |
6%
|
|
Leadership
|
$75,324 |
6%
|
|
Collaboration
|
$73,903 |
4%
|
|
Initiative
|
$73,903 |
4%
|
|
Analysis
|
$73,903 |
4%
|
|
Finance and Accounting
|
$73,903 |
4%
|
