Home > Salary > Latvia > Financial Accountant
A financial accountant is responsible for managing and analyzing financial data to ensure accuracy and compliance with regulations. They prepare financial statements, including income statements, balance sheets, and cash flow statements, and provide insights and recommendations to improve financial performance. Financial accountants also reconcile accounts, track expenses, and ensure proper documentation of financial transactions. They may collaborate with other departments to develop budgets and forecasts, and assist in the preparation of tax returns.
Estimated Yearly Salary: 24,549 EUR
Estimated Monthly Salary: 2,046 EUR
Estimated Weekly Salary: 472 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,972 EUR
Estimated Weekly Salary: 455 EUR per week
Estimated Hourly Salary: 11 EUR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 24,587 USD
Estimated Monthly Salary: 2,049 USD
Estimated Weekly Salary: 473 USD per week
Estimated Hourly Salary: 12 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 24,549 EUR
Estimated Monthly Salary: 2,046 EUR
Estimated Weekly Salary: 472 EUR per week
Estimated Hourly Salary: 12 EUR per hour
By working as Financial Accountant a person can save up to 1,189 USD per month or 14,267 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Financial Accountant
Last revision of data: 2025-01-04
Data as of 2025
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Financial Accountant salary in Latvia
Average Yearly Salary of Financial Accountant in Latvia is approximately 24,549 EUR (24,587 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Financial Accountant do?
A financial accountant is responsible for managing and analyzing financial data to ensure accuracy and compliance with regulations. They prepare financial statements, including income statements, balance sheets, and cash flow statements, and provide insights and recommendations to improve financial performance. Financial accountants also reconcile accounts, track expenses, and ensure proper documentation of financial transactions. They may collaborate with other departments to develop budgets and forecasts, and assist in the preparation of tax returns.
Skills: financial accountant, financial analysis, financial reporting, compliance, budgeting, tax preparation
Job industry: Accounting
Job industry: Accounting
How much does Financial Accountant make?
Salary details
How much does Financial Accountant make?Estimated Yearly Salary: 24,549 EUR
Estimated Monthly Salary: 2,046 EUR
Estimated Weekly Salary: 472 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 23,669 EUREstimated Monthly Salary: 1,972 EUR
Estimated Weekly Salary: 455 EUR per week
Estimated Hourly Salary: 11 EUR per hour
Last revision of data: 2024-01-06Financial Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 24,587 USD
Estimated Monthly Salary: 2,049 USD
Estimated Weekly Salary: 473 USD per week
Estimated Hourly Salary: 12 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Financial Accountant job salary compared to average salary in Latvia.
Comparison shows that a person working as Financial Accountant in Latvia earns on average:
1.25 times the average salary (or 125% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Financial Accountant job salary compared to average salary in Latvia.
Comparison shows that a person working as Financial Accountant in Latvia earns on average:
1.25 times the average salary (or 125% of average salary).
Is Financial Accountant a well paid job?
Yes, our data shows that Financial Accountant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Financial Accountant?
High salary for Financial Accountant would be somewhere between 27,004 EUR and 35,596 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Accountant in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 24,549 EUR
Estimated Monthly Salary: 2,046 EUR
Estimated Weekly Salary: 472 EUR per week
Estimated Hourly Salary: 12 EUR per hour
By working as Financial Accountant a person can save up to 1,189 USD per month or 14,267 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Financial Accountant
Estonia is 31,525 USD
Russia is 14,580 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
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Engine lathe setup operator (17,108 EUR per year, pre-tax.)
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Business broker (31,342 EUR per year, pre-tax.)
Manager commercial lines (insurance) (27,549 EUR per year, pre-tax.)
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