Accountant Salary in Elgin, Illinois

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Average Salary for Accountant in Elgin, Illinois

The average salary of a(n) Accountant in Elgin, Illinois is $68,824.

The average hourly rate of a(n) Accountant in Elgin, Illinois is $33.09.

The average bonus of a(n) Accountant in Elgin, Illinois is $2,409.00.

Job Description:

Readies and maintains financial and business transactions, applying accounting principles, that include work that is analytical, evaluative, and advisory in nature and that requires an understanding of both accounting theory and practice. Utilizes knowledge of the fundamental doctrines, theories, principles, and terminology of accountancy, and often entails some understanding of such related fields as business law, statistics, and general management. Analyzes the effects of transactions upon account relationships. Evaluates alternative means of treating transactions. Plans the manner in which account structures should be developed or modified. Ensures the adequacy of the accounting system as the basis for reporting to management. Considers the need for new or changed controls. Projects accounting data to show the effects of proposed plans on capital investments, income, cash position, and overall financial condition. Interprets the meaning of accounting records, reports, and statements. Advises operating officials on accounting matters. Excludes paraprofessional accountants. Recommends improvements, adaptations, or revisions in the accounting system and procedures. Applies principles of accounting to analyze financial information and prepare financial reports. Compiles and analyzes financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions. Analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize current and projected company financial position. Audits contracts, orders, and vouchers, and prepares reports to substantiate individual transactions prior to settlement. At the fully competent level, may lead and coordinate activities of other lower level accountants, paraprofessionals, and/or clerical workers performing accounting and bookkeeping tasks. May establish, modify, document, and coordinate implementation of accounting and accounting control procedures. May devise and implement manual or computer-based system for general accounting. Less

Readies and maintains financial and business transactions, applying accounting principles, that include work that is analytical, evaluative, and advisory in nature and that requires an understanding of both accounting theory and practice. Utilizes knowledge of the fundamental doctrines, theories, principles,... More

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