A junior accountant is an entry-level position in an accounting firm or department. A junior accountant’s duties include posting journal entries, updating financial statements, maintaining accounts receivable and accounts payable, paying monthly payroll, and preparing financial reports.
Below are salaries earned by Junior Accountant In South Africa
The average salary for a Junior Accountant in SA is R 245 500 gross per year (R 20 460 gross per month), which is 13% lower than South Africa’s national average salary.
Salary Range: a Junior Accountant can expect an average starting salary of R 186 470. The highest salaries can exceed R 657 000.
Accountant Salary Range – South Africa
Among Accountants in South Africa, Trainee Accountants or Junior Accountants tend to have the lowest salaries, while more experienced and qualified Professional Accountants enjoy the highest salaries.
Junior Accountant – Salary Differences
|Senior Accountant||R 336K/year||+37%|
|Junior Accountant||R 201K/year||-18%|
Junior Accountant – Pay by Experience Level
In South Africa, an Entry Level Accountant with less than three years of experience can expect to earn an average compensation of R 200 000 gross per year. An intermediate level Accountant with 4-9 years of experience earns an average salary of R 240 000, while a Senior Accountant with 10-20 years of experience makes on average R 330 000. Accountants with more than 20 years of experience may earn more than R 500 000 yearly.
How Work Experience Affects the Salary of a Junior Accountant in SA
|Late Career||▲ +104%|
|Average Salary||R 245 500/year|
|Intermediate Level||▼ -2%|
|Entry Level||▼ -19%|
What does a junior accountant earn in South Africa?
In South Africa, an Entry Level Accountant with less than three years of experience can expect to earn an average compensation of R 200 000 gross per year.
Are junior accountants in demand in South Africa?
A Chartered Accountant (CA) is the highest professional qualification in accounting in South Africa and CA’s are most in-demand in the job market.
How long does it take to become a junior accountant in South Africa?
To become a registered Professional Accountant (SA) you will need to complete a degree or Diploma from a South African Institute of Professional Accountants (SAIPA) -an accredited institution as well as a three-year learner ship at an accredited training center, or complete six years of verifiable experience.
Is junior accounting a good career in South Africa?
Accountancy has become an exciting career that involves working with the latest accounting software. A good Accountant stays up to date with rapidly changing business and professional trends. The current shortage of chartered accountants in South Africa makes it one of the highest-paid professions in the country.
Is accounting difficult in South Africa?
A career in chartered accountancy certainly isn’t for everyone. It generally takes at least four years of academic study at South Africa’s top universities and another three years of practical training, simultaneous study, and passing two of the toughest professional exams in any industry.