Financial Accountant Salary

Financial Accountant Salary

Date Published: November 30, 2020

Financial accountants can expect to earn an average salary of R319 107 per year. Earning potential is usually determined by your place of work and the relevant experience that you may have.

Here is everything you need to know about the salary of a financial accountant.

Job Responsibilities

As a financial accountant, you can expect to have a rather busy schedule. Amongst handling the financial accounts of a company, other responsibilities include:

  • Filing company taxes
  • Recording all business expenses
  • Creating monthly and yearly budgets
  • Making cash flow statements
  • Advising project funding

Day-to-day

Whilst accountants have rather busy schedules as it is, this can either be made less or more strenuous by the type of work you do.

If you work at a company full-time, you can expect to have a very busy work life, especially so in tax season.

If you are a freelance financial accountant, you can choose your hours and work more flexibly and even part-time.

You will also need to have good communication skills if you are working in an office environment. This is because you will be working closely with your co-workers and management.

Financial Accounting is also a scarce skill which means that finding a job as a financial accountant in South Africa is fairly easy. Even as a freelancer, work is abundant.

Earning Potential

According to PayScale, financial accountants can expect to earn between R174 000 and R558 000 per year. With bonus’, this can go up to R604 000.

As a new accountant with very little experience, you are more likely to earn a lower amount of R174 000 whilst those with more experience can earn a yearly salary of between R200 000 and R604 000.

Studying Financial Accounting

Financial Accounting can be a very lucrative and fulfilling career to have. Why not start an ICB Financial Accounting course with Matric College today?

Call us on 012 762 7100 and speak to one of our course experts. It is never too late to build a successful future.

Author: Andrea Frisby

Published: November 30, 2020

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