Accountant vs fixed asset accountant

The differences between accountants and fixed asset 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 and a fixed asset accountant. Additionally, a fixed asset accountant has an average salary of $59,691, which is higher than the $54,890 average annual salary of an accountant.

The top three skills for an accountant include reconciliations, general ledger accounts and account reconciliations. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.

Accountant vs fixed asset accountant overview

	Accountant	Fixed Asset Accountant
Yearly salary	$54,890	$59,691
Hourly rate	$26.39	$28.70
Growth rate	6%	6%
Number of jobs	60,073	42,860
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	4	4

What does an accountant do?

An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.

What does a fixed asset accountant do?

A fixed asset accountant is responsible for processing statement reports for the company's assets, organizing account records, and handling bank reconciliations and disputes. Fixed asset accountants must have excellent knowledge of the accounting principles to determine and track the assets dispositions in various accounting systems for reference. They also ensure the accurate balance and calculate the value of all fixed assets for reports. A fixed asset accountant should be highly analytical to measure asset obligations and provide recommendations for asset acquisition.

Accountant vs fixed asset accountant salary

Accountants and fixed asset accountants have different pay scales, as shown below.

	Accountant	Fixed Asset Accountant
Average salary	$54,890	$59,691
Salary range	Between $41,000 And $72,000	Between $46,000 And $76,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	New York	New York
Best paying company	Meta	Apple
Best paying industry	Technology	Energy

Differences between accountant and fixed asset accountant education

There are a few differences between an accountant and a fixed asset accountant in terms of educational background:

	Accountant	Fixed Asset Accountant
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Accountant vs fixed asset accountant demographics

Here are the differences between accountants' and fixed asset accountants' demographics:

	Accountant	Fixed Asset Accountant
Average age	44	44
Gender ratio	Male, 38.2% Female, 61.8%	Male, 43.8% Female, 56.2%
Race ratio	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between accountant and fixed asset accountant duties and responsibilities

Accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.

Fixed asset accountant example responsibilities.

Lead the discussions on the level of asset componentization with respect to compliance IFRS standards.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Monitor purchase orders and calculate month-end accruals.
Support internal and external audit requirements and verify SOX documentation.
Calculate and reconcile deferred rent liability accruals for office leases.
Set up a consolidate and centralize SOX depository for require documentation.

Accountant vs fixed asset accountant skills

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%

Common fixed asset accountant skills

Fixed Assets, 16%
Reconciliations, 8%
Asset System, 6%
GAAP, 5%
Financial Statements, 4%
Account Reconciliations, 4%

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Accountant vs Fixed Asset Accountant

Updated January 8, 2025

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