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Accounting Assistant Average Salary in Sri Lanka 2020

How much money does an Accounting Assistant make in Sri Lanka?

Average Monthly Salary
81,000 LKR
( 972,000 LKR yearly)


A person working as an Accounting Assistant in Sri Lanka typically earns around 81,000 LKR per month. Salaries range from 37,200 LKR (lowest) to 129,000 LKR (highest).

This is the average monthly salary including housing, transport, and other benefits. Accounting Assistant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Accounting Assistant Salary Distribution in Sri Lanka

Median and salary distribution monthly Sri Lanka Accounting Assistant
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Assistant salaries in Sri Lanka range from 37,200 LKR per month (minimum salary) to 129,000 LKR per month (maximum salary).

  • Median Salary

    The median salary is 87,500 LKR per month, which means that half (50%) of people working as Accounting Assistant(s) are earning less than 87,500 LKR while the other half are earning more than 87,500 LKR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Accounting Assistant(s) are earning less than 56,100 LKR while 75% of them are earning more than 56,100 LKR. Also from the diagram, 75% of Accounting Assistant(s) are earning less than 117,000 LKR while 25% are earning more than 117,000 LKR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Accounting Assistant Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Sri Lanka Accounting Assistant
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Accounting Assistant salaries by experience level and this is what we found.

An Accounting Assistant with less than two years of experience makes approximately 42,300 LKR per month.

While someone with an experience level between two and five years is expected to earn 56,500 LKR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 83,500 LKR per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Accounting Assistant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 102,000 LKR per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 111,000 LKR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 120,000 LKR per month, 8% more than people with fifteen to twenty years of experience.

Accounting Assistant average salary change by experience in Sri Lanka

0 - 2 Years
42,300 LKR
2 - 5 Years+34%
56,500 LKR
5 - 10 Years+48%
83,500 LKR
10 - 15 Years+22%
102,000 LKR
15 - 20 Years+9%
111,000 LKR
20+ Years+8%
120,000 LKR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Accounting Assistant Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Accounting Assistant(s) who have the same experience but different education levels.

Salary comparison by education level monthly Sri Lanka Accounting Assistant
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Accounting Assistant salaries by education level in order to make a comparison.

When the education level is High School, the average salary of an Accounting Assistant is 51,900 LKR per month.

While someone with a Certificate or Diploma gets a salary of 61,000 LKR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 88,500 LKR per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 116,000 LKR per month, 31% more than someone with Bachelor's Degree.

Accounting Assistant average salary difference by education level in Sri Lanka

High School
51,900 LKR
Certificate or Diploma+18%
61,000 LKR
Bachelor's Degree+45%
88,500 LKR
Master's Degree+31%
116,000 LKR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Sri Lanka costs anywhere from 577,000 Sri Lanka Rupee(s) to 1,730,000 Sri Lanka Rupee(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Accounting Assistant Salary Comparison By Gender

Salary comparison by gender monthly Sri Lanka Accounting Assistant
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Accounting Assistant employees in Sri Lanka earn 26% more than their female counterparts.

71,600 LKR
90,400 LKR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Sri Lanka for all Careers

Salary comparison by gender monthly Sri Lanka
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Accounting Assistant Average Annual Salary Increment Percentage in Sri Lanka

How much are annual salary increments in Sri Lanka for Accounting Assistant(s)? How often do employees get salary raises?

Accounting Assistant

Accounting Assistant(s) in Sri Lanka are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Sri Lanka Accounting Assistant
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Sri Lanka / All Professions

Annual Salary Increment Rate Sri Lanka
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Sri Lanka is 6%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Sri Lanka for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Accounting Assistant Bonus and Incentive Rates in Sri Lanka

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sri Lanka Accounting Assistant
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An Accounting Assistant is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

68% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 32% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Sri Lanka
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Where can you get paid more, working for a private company or for the government? Public sector Accounting Assistant employees in Sri Lanka earn 8% more than their private sector counterparts.

Private Sector
111,000 LKR
Public Sector+8%
119,000 LKR
Percentage increase and decrease are relative to the previous value

Accounting Assistant Salary Trend and Forecast in Sri Lanka

How are Accounting Assistant salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Sri Lanka Accounting Assistant
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Average Salary 2016
70,000 LKR
Average Salary 2017+4%
72,600 LKR
Average Salary 2018+4%
75,300 LKR
Average Salary 2019+4%
78,100 LKR
Percentage increase and decrease are relative to the previous value

Accounting Assistant salaries in Sri Lanka are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Accounting Assistant Average Hourly Wage in Sri Lanka

470 LKR per hour

The average hourly wage (pay per hour) in Sri Lanka is 470 LKR. This means that the average Accounting Assistant in Sri Lanka earns approximately 470 LKR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Accounting Assistant VS Other Jobs

Salary Comparison Between Accounting Assistant and Accounting and Finance monthly Sri Lanka
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The average salary for Accounting Assistant is 28% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner71,300 LKR-12%
Account Executive115,000 LKR+42%
Accountant83,800 LKR+3%
Accounting Assistant81,000 LKR+0%
Accounting Associate76,700 LKR-5%
Accounting Clerk59,400 LKR-27%
Accounting Coordinator64,100 LKR-21%
Accounting Manager149,000 LKR+84%
Accounting Supervisor107,000 LKR+32%
Accounting Technician75,400 LKR-7%
Accounts Executive98,600 LKR+22%
Accounts Payable and Receivable Specialist96,600 LKR+19%
Accounts Payable Clerk58,500 LKR-28%
Accounts Payable Manager119,000 LKR+47%
Accounts Receivable Clerk63,300 LKR-22%
Accounts Receivable Manager127,000 LKR+57%
Assistant Accounting Manager103,000 LKR+27%
Assistant Auditor86,300 LKR+7%
Audit Supervisor155,000 LKR+91%
Auditing Clerk78,100 LKR-4%
Auditing Manager165,000 LKR+100%
Billing Coordinator93,900 LKR+16%
Billing Specialist92,100 LKR+14%
Billing Supervisor115,000 LKR+42%
Bookkeeper63,900 LKR-21%
Bookkeeping Specialist86,200 LKR+6%
Budget Analyst99,300 LKR+23%
Budget Manager146,000 LKR+80%
Business Support Analyst105,000 LKR+30%
Capital Markets Associate123,000 LKR+52%
Cash Flow Analyst123,000 LKR+52%
Cash Management Officer116,000 LKR+43%
Cashbook Clerk74,000 LKR-9%
Chartered Accountant107,000 LKR+32%
Collections Clerk62,100 LKR-23%
Collections Specialist76,200 LKR-6%
Corporate Treasurer201,000 LKR+150%
Cost Accountant97,700 LKR+21%
Cost Accounting Manager123,000 LKR+52%
Cost Analyst116,000 LKR+43%
Credit and Collection Manager141,000 LKR+74%
Credit and Collection Staff64,700 LKR-20%
Credit and Loans Officer65,500 LKR-19%
Credit Controller113,000 LKR+40%
Debt Adviser142,000 LKR+75%
Debt Collector100,000 LKR+23%
Debtors Clerk85,100 LKR+5%
Deputy CFO213,000 LKR+160%
Derivative Trader159,000 LKR+96%
Escrow Assistant93,900 LKR+16%
External Auditor122,000 LKR+51%
Finance Associate88,800 LKR+10%
Finance Executive195,000 LKR+140%
Finance Licensing Clerk75,800 LKR-6%
Finance Licensing Manager122,000 LKR+51%
Finance Licensing Specialist96,200 LKR+19%
Finance Officer137,000 LKR+69%
Finance President248,000 LKR+210%
Finance Relationship Manager160,000 LKR+98%
Finance Release Analyst113,000 LKR+40%
Finance Team Leader 124,000 LKR+53%
Financial Actuary118,000 LKR+46%
Financial Administrator105,000 LKR+30%
Financial Analyst124,000 LKR+53%
Financial Applications Specialist79,300 LKR-2%
Financial Assistant72,200 LKR-11%
Financial Associate91,200 LKR+13%
Financial Claims Analyst106,000 LKR+31%
Financial Claims Manager121,000 LKR+49%
Financial Commercial Analyst107,000 LKR+32%
Financial Compliance Analyst119,000 LKR+47%
Financial Consultant117,000 LKR+44%
Financial Controller111,000 LKR+37%
Financial Coordinator96,600 LKR+19%
Financial Customer Service Manager139,000 LKR+72%
Financial Dealer and Broker106,000 LKR+31%
Financial Encoder65,800 LKR-19%
Financial Manager233,000 LKR+190%
Financial Operations Manager173,000 LKR+110%
Financial Policy Analyst123,000 LKR+52%
Financial Project Manager110,000 LKR+36%
Financial Quantitative Analyst135,000 LKR+67%
Financial Reporting Consultant112,000 LKR+38%
Financial Reporting Manager150,000 LKR+85%
Financial Services Sales Agent102,000 LKR+26%
Fixed Assets Administrator97,400 LKR+20%
Forensic Accountant89,900 LKR+11%
Fraud Detection Supervisor109,000 LKR+35%
Fraud Prevention Manager167,000 LKR+110%
Fund Accountant86,200 LKR+6%
Grants Coordinator72,400 LKR-11%
Internal Auditor124,000 LKR+53%
Internal Control Adviser122,000 LKR+51%
Internal Control Officer104,000 LKR+28%
Inventory Accountant190,000 LKR+130%
Investment Analyst153,000 LKR+89%
Investment Fund Manager161,000 LKR+99%
Investment Underwriter72,500 LKR-10%
Investor117,000 LKR+44%
Investor Relations Manager141,000 LKR+74%
KYC Team Leader148,000 LKR+83%
Management Economist126,000 LKR+56%
Paymaster93,100 LKR+15%
Payroll Clerk72,400 LKR-11%
Payroll Manager124,000 LKR+53%
Pensions Administrator87,700 LKR+8%
Pricing Analyst134,000 LKR+65%
Private Equity Analyst134,000 LKR+65%
Proposal Development Coordinator86,300 LKR+7%
Receivables Accountant80,300 LKR-1%
Regulatory Accountant92,500 LKR+14%
Retirement Plan Analyst119,000 LKR+47%
Revenue Management Specialist101,000 LKR+25%
Revenue Recognition Analyst149,000 LKR+84%
Risk Management Director178,000 LKR+120%
Risk Management Supervisor137,000 LKR+69%
Tax Accountant86,400 LKR+7%
Tax Advisor121,000 LKR+49%
Tax Associate92,800 LKR+15%
Tax Manager165,000 LKR+100%
Teller52,200 LKR-36%
Treasury Accountant90,500 LKR+12%
Treasury Analyst121,000 LKR+49%
Underwriter67,900 LKR-16%
Underwriting Assistant62,300 LKR-23%
Vice President of Finance168,000 LKR+110%

Salary Comparison By City

CityAverage Salary
Colombo82,900 LKR
28670 - 10

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