Accounting administrator vs finance administrator

The differences between accounting administrators and finance administrators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an accounting administrator, becoming a finance administrator takes usually requires 6-8 years. Additionally, a finance administrator has an average salary of $55,541, which is higher than the $48,068 average annual salary of an accounting administrator.

The top three skills for an accounting administrator include customer service, data entry and reconciliations. The most important skills for a finance administrator are customer service, financial aid, and powerpoint.

Accounting administrator vs finance administrator overview

	Accounting Administrator	Finance Administrator
Yearly salary	$48,068	$55,541
Hourly rate	$23.11	$26.70
Growth rate	-5%	17%
Number of jobs	97,934	130,256
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 61%
Average age	51	46
Years of experience	6	8

What does an accounting administrator do?

An accounting administrator is responsible for reviewing and analyzing account statements, managing deposits, and resolving bank discrepancies and financial disputes. Accounting administrators handle the efficient and accurate cash flow within an organization, including payroll release and filing of petty cash. They maintain an organized record of payments and billing statements for reference and audit purposes to generate reports for the management. An accounting administrator must have extensive knowledge of the accounting principles, as well as excellent communication and analytical skills to perform duties effectively, even under minimal supervision.

What does a finance administrator do?

A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.

Accounting administrator vs finance administrator salary

Accounting administrators and finance administrators have different pay scales, as shown below.

	Accounting Administrator	Finance Administrator
Average salary	$48,068	$55,541
Salary range	Between $32,000 And $70,000	Between $38,000 And $80,000
Highest paying City	Clifton, NJ	Dover, DE
Highest paying state	New Jersey	Delaware
Best paying company	Cambridge Associates	State Street
Best paying industry	Technology	Manufacturing

Differences between accounting administrator and finance administrator education

There are a few differences between an accounting administrator and a finance administrator in terms of educational background:

	Accounting Administrator	Finance Administrator
Most common degree	Bachelor's Degree, 53%	Bachelor's Degree, 61%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounting administrator vs finance administrator demographics

Here are the differences between accounting administrators' and finance administrators' demographics:

	Accounting Administrator	Finance Administrator
Average age	51	46
Gender ratio	Male, 16.9% Female, 83.1%	Male, 29.3% Female, 70.7%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	7%	11%

Differences between accounting administrator and finance administrator duties and responsibilities

Accounting administrator example responsibilities.

Manage cash flow; online banking, initiates ACH transactions, deposits and transfer of funds.
Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Monitor and resolve accounts overdue, return ACH and collection calls.
Import time into the ADP batch and process any expenses or miscellaneous reimbursements.
Work directly with the owners & CPA providing weekly/monthly financial reporting and year end tax preparation.
Record dividends and loan payments, also consult with CPA and business owners for tax preparation.

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

Accounting administrator vs finance administrator skills

Common accounting administrator skills

Customer Service, 13%
Data Entry, 9%
Reconciliations, 7%
Purchase Orders, 6%
Journal Entries, 5%
Credit Card Payments, 4%

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 4%

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Accounting Administrator
Accounting Administrator vs Finance Administrator

Updated January 8, 2025

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