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The differences between accounting analysts 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 accounting analyst and a general accountant. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $55,043 average annual salary of a general accountant.
The top three skills for an accounting analyst include reconciliations, customer service and account reconciliations. The most important skills for a general accountant are financial data, reconciliations, and cash handling.
| Accounting Analyst | General Accountant | |
| Yearly salary | $58,399 | $55,043 |
| Hourly rate | $28.08 | $26.46 |
| Growth rate | 6% | 6% |
| Number of jobs | 81,097 | 87,663 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| 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.
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.
Accounting analysts and general accountants have different pay scales, as shown below.
| Accounting Analyst | General Accountant | |
| Average salary | $58,399 | $55,043 |
| Salary range | Between $42,000 And $79,000 | Between $40,000 And $73,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | New York | New Jersey |
| Best paying company | Apple | |
| Best paying industry | Finance | Automotive |
There are a few differences between an accounting analyst and a general accountant in terms of educational background:
| Accounting Analyst | General Accountant | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting analysts' and general accountants' demographics:
| Accounting Analyst | General Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 41.6% Female, 58.4% | Male, 43.1% Female, 56.9% |
| 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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |