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Account analyst vs junior accountant

The differences between account analysts and junior accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an account analyst and a junior accountant. Additionally, an account analyst has an average salary of $55,829, which is higher than the $50,444 average annual salary of a junior accountant.

The top three skills for an account analyst include customer service, patients and financial statements. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.

Account analyst vs junior accountant overview

Account AnalystJunior Accountant
Yearly salary$55,829$50,444
Hourly rate$26.84$24.25
Growth rate6%6%
Number of jobs106,32757,892
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 70%
Average age4444
Years of experience44

What does an account analyst do?

Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.

What does a junior accountant do?

Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.

Account analyst vs junior accountant salary

Account analysts and junior accountants have different pay scales, as shown below.

Account AnalystJunior Accountant
Average salary$55,829$50,444
Salary rangeBetween $39,000 And $78,000Between $38,000 And $66,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyVenableFuhu
Best paying industryFinanceConstruction

Differences between account analyst and junior accountant education

There are a few differences between an account analyst and a junior accountant in terms of educational background:

Account AnalystJunior Accountant
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 70%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Account analyst vs junior accountant demographics

Here are the differences between account analysts' and junior accountants' demographics:

Account AnalystJunior Accountant
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 39.6% Female, 60.4%
Race ratioBlack or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%Black or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between account analyst and junior accountant duties and responsibilities

Account analyst example responsibilities.

  • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
  • Prepare and review KYC require documentation for multiple business lines.
  • Prepare weekly payroll through ADP and reconciliation of quarterly payroll taxes and reports.
  • Prepare PowerPoint presentation for CFO to deliver budget report to board and finance committees.
  • Prepare monthly payroll and accompanying journal entries, and process ADP payroll and reconciliation.
  • Consolidate orders going to the same location and submit to warehouse by EDI or fax transmission.
  • Show more

Junior accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
  • Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
  • Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
  • Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
  • Deposit checks into lockbox and post to funds to proper accounts daily.
  • Show more

Account analyst vs junior accountant skills

Common account analyst skills
  • Customer Service, 17%
  • Patients, 11%
  • Financial Statements, 9%
  • Financial Reports, 5%
  • PowerPoint, 4%
  • Reconciliations, 4%
Common junior accountant skills
  • Reconciliations, 18%
  • General Ledger Accounts, 8%
  • Account Reconciliations, 5%
  • Data Entry, 5%
  • QuickBooks, 4%
  • Payroll Taxes, 4%

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