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Accounting analyst vs general accountant

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 vs general accountant overview

Accounting AnalystGeneral Accountant
Yearly salary$58,399$55,043
Hourly rate$28.08$26.46
Growth rate6%6%
Number of jobs81,09787,663
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 75%
Average age4444
Years of experience44

What does an accounting analyst do?

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.

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.

Accounting analyst vs general accountant salary

Accounting analysts and general accountants have different pay scales, as shown below.

Accounting AnalystGeneral Accountant
Average salary$58,399$55,043
Salary rangeBetween $42,000 And $79,000Between $40,000 And $73,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateNew YorkNew Jersey
Best paying companyGoogleApple
Best paying industryFinanceAutomotive

Differences between accounting analyst and general accountant education

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

Accounting AnalystGeneral Accountant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting analyst vs general accountant demographics

Here are the differences between accounting analysts' and general accountants' demographics:

Accounting AnalystGeneral Accountant
Average age4444
Gender ratioMale, 41.6% Female, 58.4%Male, 43.1% Female, 56.9%
Race ratioBlack 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 Percentage7%7%

Differences between accounting analyst and general accountant duties and responsibilities

Accounting analyst example responsibilities.

  • Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
  • Manage reconciling monthly discrepancies between ERP transfers.
  • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
  • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  • Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
  • Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.
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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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Accounting analyst vs general accountant skills

Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%
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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