written by | April 27, 2022

Highly Paid Accounting Jobs

Everyone in this world follows their passion and builds a successful career in their area of interest. A lot of students who do not have a clear idea of their profession pursue commerce, choosing subjects such as accounting, business administration, and economics. And that's because of the very well-known saying, "Trade offers you  a variety of jobs in terms of type and salary."  We are all apprehensive about how much money we will make to fund our dreams, and this concern reminds us of high-paying jobs. Among the terrific things, the work of Indian accountants is sought after for the safety, security,  growth, and rewards of the careers they offer.

Did you know?

The average accountant's salary in India ranges from ₹3 lakhs to ₹5 lakhs per year.

Estimated Salary of Accountants in India

Accountants perform financial calculations for companies in different disciplines. Typical duties include creating sales and cash flow reports, managing salaries, maintaining balance sheets, performing accounting activities, managing budgets, and maintaining inventory. Accountants may also be responsible for filing company taxes, reviewing past reports, and providing income forecasts. The average accountant salary in India is ₹3,84,412 per year. Entry-level positions start at ₹2.4 lakhs a year, but most experienced workers earn up to ₹11 lakhs a year.

Also Read: Chartered Accountant or CA Salary in India

Cost Accountant

Entry-level cost accountants with less than a year of experience can expect an average compensation of ₹4,94,585 (including tips, bonuses, and overtime) based on 47 salaries. Early career cost accountants with 1-4 years of experience earn an average of ₹4,91,837 in compensation based on 118 salaries. Mid-career cost calculators with 5-9 years of experience earn an average of ₹7,40,750 based on 47 salaries. An experienced cost calculator with 10-19 years of experience makes an average of ₹9,14,859 based on 19 salaries. In the second half of their career (20 years+), employees receive an average of ₹13 lakhs in compensation.

Chartered Accountant

Entry-level chartered accountants with less than a year of experience can expect an average compensation of ₹7,05,951 (including tips, bonuses, and overtime) based on 377 salaries. With 1-4 years of experience, juniors earn an average of ₹7,62,738 based on 856 salaries. Mid-career accountants with 5-9 years of experience earn an average of ₹11,17,154 in compensation based on 411 salaries. An experienced Chartered accountant with 10-19 years of experience makes an average of ₹16,57,750 based on 132 salaries. In the second half of their career (20 years+), employees receive an average of ₹19,65,270 in compensation.

Financial Accountant

Entry-level financial accountants with less than a year of experience can expect an average compensation of ₹3,34,810 (including tips, bonuses, and overtime) based on 53 salaries. Early career finance accountants with 1-4 years of experience earn an average of ₹3,18,800 in compensation based on 95 salaries. Mid-career financial accountants with 59 years of experience receive an average of ₹5,08,005 in compensation based on 5-9 salaries. An experienced financial accountant with 10-19 years of experience earns an average total wage of ₹6,21,637 based on 29 salaries. In the second half of their career (20 years+), employees receive an average of ₹6,61,287 compensation.

Company Secretary

Entry-level corporate secretaries with less than a year of experience can expect an average salary of ₹4,20,963 (including tips, bonuses, and overtime) based on 52 salaries. An early career company secretary with 1-4 years of experience earns an average of ₹4,83,042 compensation based on 164 salaries. A mid-career company secretary with 5-9 years of experience makes an average of ₹8,67,320 based on 106 salaries. An experienced corporate secretary with 10-19 years of experience earns an average of ₹15,58,813 based on 54 salaries. In the second half of their career (20 years+), employees receive an average of ₹22 lakhs in compensation.

Skills That Can Influence Accountants’ Paycheck

Attention to Details

Accounting professionals need to pay close attention to the parties to keep the information accurate and organised. The large amount of financial data that needs to be analysed makes it easy to make mistakes. However, simple mistakes can lead to much bigger problems if left undetected.

Communication

As an accountant, you will probably work with many clients and colleagues. Depending on your job title, it may include replying to emails or calling customers, so it's essential to know how to pass information quickly and accurately. Effective communication ensures that you have all the information you need to complete a task or deliver a project according to the expectations of your recipients.

Guidance

Leadership is an essential ability in accounting. If your employer can trust you, remember what you are planning. You can think about the latest technology, you can learn, you can be a leader of the team. If you need financial advice, your employees can contact you. If possible, make it available to other departments. You can indicate that you are a leader by using your needs directly. When you provide new ideas and suggestions, you can also demonstrate your teaching ability.

Data Analysis

Collecting and analysing financial data is an integral part of bookkeeping and essential for identifying patterns and potential problems. The application of data analytics in accounting is a new trend in the industry and is expected to have significant implications for the future.

Time Management

It allows you to complete tasks efficiently and on time. It is helpful to have an efficient system for managing workloads in a specific amount of time. Scheduling tasks keeps you organised and allows you to see how much time you're spending on a process or step.

Salary in Online Accounting Job 

Balance your books, make sure your financial records are accurate, and prepare and submit your tax return. The accountant's job is read like an example in a textbook of tasks that can be performed remotely. It may be one of the reasons why remote accounting jobs are an increasingly popular option for accounting professionals seeking job flexibility.

In short, a remote accounting job is an accounting job a position that you can run remotely. Similar to traditional accountant duties, remote accountant duties may include:  

  • Financial Statement Audit and Review. 
  • Drafting, preparing, and submitting tax returns and other tax-related work. 
  • Help companies reduce costs and work more efficiently. 
  • Keep books and financial records up to date.  
  • Make sure your accounting procedures comply with best-practice standards.  
  • Payroll accounting monitoring.

The job title of an online accountant is the same as that of an in-house accountant. So, the compensation is the same for both positions. The average accountant salary in India per month is ₹18,000. However, the individual remuneration of an accountant depends primarily on their educational background, years of experience, skills, and performance. Accountants working in large companies can have higher average salaries than accountants working in small and medium-sized companies.

Also Read: Average Corporate Lawyer Salary in India

Tally Accountants in India

Tally Accountants are a desirable profession in India, especially in the construction and manufacturing sectors. You can learn Tally to gain an even better place in your accounting career, no matter your position. It helps improve your knowledge of inventory management, accounting, and taxation. Assistant accountants, finance managers, account executives, account managers, etc., all require critical accounting skills to improve productivity.

Even after getting a proof of count, you can expect an increase in your salary expectations. You can search for Tally teachers and tutors on online platforms such as Superprof. It is one of the leading platforms to help students find the best teachers globally. All you have to do is enter your location and subject. Browse the profiles of hundreds of teachers and choose the one that suits your interests and budget.

Conclusion

All students want a fulfilling career that pays great respect and is well paid. If you're good at numbers, the accounting industry may be what you're looking for. After becoming an expert, you will be paid a higher salary than a beginner. You can shape your career the way you want, based on your skills and interests, and we suggest you decide based on your interests. 

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FAQs

Q: What is the senior accountant's salary in India per month?

Ans:

The salary of senior accountants in India ranges from ₹2.2 lakhs to ₹8.7 lakhs, with an average annual wage of ₹4 lakhs. Salary estimates are based on the salaries of 26,100 people received from senior accountants.

Q: What is the average accounting officer's salary?

Ans:

Accounts Officer salary in India ranges from ₹1.9 lakhs to ₹7.9 lakhs, with an average annual wage of ₹3.6 lakhs. Salary estimates are based on 12.1k salaries received from Accounts Officers.

Q: What is the job of an Accounting Manager?

Ans:

Accounting manager responsibilities include preparing and reviewing appropriate general ledger input adjustments. You are also responsible for maintaining the general ledger system and preparing monthly financial statements. As needed, these financial statements will be submitted to management and the regulatory report.

Q: What is the starting salary of a tally accountant in India?

Ans:

The salary for a beginner tally accountant in India starts at around ₹10,000 per year, and no prior knowledge is required to become an accountant.

Q: How much is an accountant's salary in India?

Ans:

An Accountant with experience of 3 years or less is expected to earn an average salary of ₹2.1 Lakhs per year. A mid-career Accountant with experience of between 4-9 years earns an average salary of ₹3.2 Lakhs per year, while a Senior Accountant with 10-20 years of experience earns an average salary of ₹4.5 Lakhs per year.

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