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The differences between accounting assistants and finance account managers 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 assistant, becoming a finance account manager takes usually requires 6-8 years. Additionally, a finance account manager has an average salary of $68,403, which is higher than the $39,569 average annual salary of an accounting assistant.
The top three skills for an accounting assistant include data entry, customer service and reconciliations. The most important skills for a finance account manager are financial services, account management, and financial analysis.
| Accounting Assistant | Finance Account Manager | |
| Yearly salary | $39,569 | $68,403 |
| Hourly rate | $19.02 | $32.89 |
| Growth rate | -5% | 17% |
| Number of jobs | 63,945 | 184,766 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 70% |
| Average age | 51 | 46 |
| Years of experience | 6 | 8 |
An accounting assistant is responsible for supporting the daily operations of the business' accounting department, from reviewing financial transactions to the submission of financial reports. Accounting assistants' duties include performing data entry and clerical tasks, maintaining a safe record of account statements, updating and analyzing transactions, verifying the accuracy of financial records, and managing customers and vendors' inquiries as immediate as possible. An accounting assistant must have a broad knowledge of the accounting principles and processes, as well as excellent communication and time-management skills, especially on meeting strict deadlines and doing complex tasks as needed.
The job of a finance account manager is to oversee, monitor, and evaluate the day-to-day activities of an organization's accounting department. As a finance account manager, you will perform a variety of tasks that may include assisting the accountant with reports and client settlement transactions, developing and implementing operational procedures and policies, and monitoring and analyzing accounting data. You will also be responsible for producing financial statements and reports and ensuring that the organization's financial accounting goals and objectives are met.
Accounting assistants and finance account managers have different pay scales, as shown below.
| Accounting Assistant | Finance Account Manager | |
| Average salary | $39,569 | $68,403 |
| Salary range | Between $30,000 And $50,000 | Between $46,000 And $100,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New York | Pennsylvania |
| Best paying company | Los Alamos National Laboratory | The New York Times Company |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an accounting assistant and a finance account manager in terms of educational background:
| Accounting Assistant | Finance Account Manager | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 70% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting assistants' and finance account managers' demographics:
| Accounting Assistant | Finance Account Manager | |
| Average age | 51 | 46 |
| Gender ratio | Male, 20.1% Female, 79.9% | Male, 48.7% Female, 51.3% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |