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The differences between accounting analysts and 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 accounting analyst and an accountant. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $54,890 average annual salary of an accountant.
The top three skills for an accounting analyst include reconciliations, customer service and account reconciliations. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.
| Accounting Analyst | Accountant | |
| Yearly salary | $58,399 | $54,890 |
| Hourly rate | $28.08 | $26.39 |
| Growth rate | 6% | 6% |
| Number of jobs | 81,097 | 60,073 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.
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.
Accounting analysts and accountants have different pay scales, as shown below.
| Accounting Analyst | Accountant | |
| Average salary | $58,399 | $54,890 |
| Salary range | Between $42,000 And $79,000 | Between $41,000 And $72,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Meta | |
| Best paying industry | Finance | Technology |
There are a few differences between an accounting analyst and an accountant in terms of educational background:
| Accounting Analyst | Accountant | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting analysts' and accountants' demographics:
| Accounting Analyst | Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 41.6% Female, 58.4% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5% | 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% |
| LGBT Percentage | 7% | 7% |