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Accountant/consultant vs general accountant

The differences between accountant/consultants and general 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 accountant/consultant and a general accountant. Additionally, an accountant/consultant has an average salary of $64,298, which is higher than the $55,043 average annual salary of a general accountant.

The top three skills for an accountant/consultant include account management, product knowledge and strong analytical. The most important skills for a general accountant are financial data, reconciliations, and cash handling.

Accountant/consultant vs general accountant overview

Accountant/ConsultantGeneral Accountant
Yearly salary$64,298$55,043
Hourly rate$30.91$26.46
Growth rate6%6%
Number of jobs38,91687,663
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Average age4444
Years of experience44

What does an accountant/consultant do?

Accountants/consultants perform accounting tasks for organizations or companies. The accountants improve accounting practices and prepare financial statements at the end of every year. They analyze financial data and offer advice on regulatory compliance issues to the finance department. It is their job to make sure that the online system is secure. Most of the day, they organize invoices, prepare statements, and supervising systems. They should be equipped with analytical skills, industry knowledge, critical thinking, and interpersonal communication.

What does a general accountant do?

A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.

Accountant/consultant vs general accountant salary

Accountant/consultants and general accountants have different pay scales, as shown below.

Accountant/ConsultantGeneral Accountant
Average salary$64,298$55,043
Salary rangeBetween $47,000 And $86,000Between $40,000 And $73,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew Jersey
Best paying companyIBMApple
Best paying industryFinanceAutomotive

Differences between accountant/consultant and general accountant education

There are a few differences between an accountant/consultant and a general accountant in terms of educational background:

Accountant/ConsultantGeneral Accountant
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accountant/consultant vs general accountant demographics

Here are the differences between accountant/consultants' and general accountants' demographics:

Accountant/ConsultantGeneral Accountant
Average age4444
Gender ratioMale, 47.1% Female, 52.9%Male, 43.1% Female, 56.9%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.8% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between accountant/consultant and general accountant duties and responsibilities

Accountant/consultant example responsibilities.

  • Manage a staff of five to ensure their compliance with GAAP as well as best practices.
  • Manage company responsibilities for budgets, forecasting, payroll and accounts receivable.
  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Select and run weekly check run, ACH payments, and foreign payments.
  • Process bi-weekly ACH and EFT payment to vendors, reimbursement and rush check payments.
  • Coordinate with external CPA on financial tax filings i.e. , 990 for IRS regulations and maintain of IRS 501C status.
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General accountant example responsibilities.

  • Manage payroll functions, financial statements, accounts payable, basic job cost, account analysis, accruals, year-end audits.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Assist manager with cash flow, preparing financial statement, BBC, and report to CPA.
  • Create budget at beginning and coordinate CPA firm's audit at the end of year.
  • Assist in any kind of audit engagement (internal control, external, SOX, etc . )
  • Provide support for the controller with period-end close accruals and journal entries and assist in various duties and responsibilities.
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Accountant/consultant vs general accountant skills

Common accountant/consultant skills
  • Account Management, 17%
  • Product Knowledge, 14%
  • Strong Analytical, 13%
  • Leveraged, 9%
  • Customer Service, 8%
  • Customer Satisfaction, 6%
Common general accountant skills
  • Financial Data, 11%
  • Reconciliations, 10%
  • Cash Handling, 9%
  • Vendor Invoices, 6%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 5%

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