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The differences between accountant and office managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accountant and office manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $51,217 average annual salary of an accountant and office manager.
The top three skills for an accountant and office manager include payroll tax returns, customer service and reconciliations. The most important skills for a cash manager are customer service, cash management, and treasury.
| Accountant And Office Manager | Cash Manager | |
| Yearly salary | $51,217 | $93,363 |
| Hourly rate | $24.62 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 107,701 | 60,517 |
| Job satisfaction | 3 | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An accountant/office manager is responsible for monitoring the organization's accounting records and financial reports, analyzing statistical information, and managing payroll processes. Accountant/office managers must have excellent knowledge of accounting disciplines and principles to perform accounting duties and train accounting staff of the accounting operations, overseeing account receivables, conducting bank reconciliations, and responding to the staff's inquiries and concerns. An accountant/office manager must have excellent communication and leadership skills, helping the management develop practical accounting and financial approach, maintaining the stability of the organization's cash management.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Accountant and office managers and cash managers have different pay scales, as shown below.
| Accountant And Office Manager | Cash Manager | |
| Average salary | $51,217 | $93,363 |
| Salary range | Between $35,000 And $73,000 | Between $66,000 And $130,000 |
| Highest paying City | New York, NY | Redding, CA |
| Highest paying state | New York | California |
| Best paying company | Turner Construction | PVH |
| Best paying industry | Real Estate | Manufacturing |
There are a few differences between an accountant and office manager and a cash manager in terms of educational background:
| Accountant And Office Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accountant and office managers' and cash managers' demographics:
| Accountant And Office Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 17.4% Female, 82.6% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.1% White, 64.2% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |