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Accounting clerk lead vs accounting analyst

The differences between accounting clerks lead and accounting analysts 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 clerk lead, becoming an accounting analyst takes usually requires 2-4 years. Additionally, an accounting clerk lead has an average salary of $70,816, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for an accounting clerk lead include general ledger, HR and GAAP. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Accounting clerk lead vs accounting analyst overview

Accounting Clerk LeadAccounting Analyst
Yearly salary$70,816$58,399
Hourly rate$34.05$28.08
Growth rate-5%6%
Number of jobs100,88681,097
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 74%
Average age5144
Years of experience64

What does an accounting clerk lead do?

Accounting Clerk Leads are professionals who are responsible for leading a team of junior-level clerks to maintain a record of a wide range of financial transactions for an organization. These clerks are required to settle and update general ledger accounts by reviewing the month-end process. They are required to develop and implement accounting policies and procedures by following the generally accepted accounting principles (GAAP) to ensure external financial statements and internal management reports. Accounting clerk leads must also coordinate all accounting activities related to internal controls.

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.

Accounting clerk lead vs accounting analyst salary

Accounting clerks lead and accounting analysts have different pay scales, as shown below.

Accounting Clerk LeadAccounting Analyst
Average salary$70,816$58,399
Salary rangeBetween $42,000 And $118,000Between $42,000 And $79,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaNew York
Best paying companySquareGoogle
Best paying industryManufacturingFinance

Differences between accounting clerk lead and accounting analyst education

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

Accounting Clerk LeadAccounting Analyst
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting clerk lead vs accounting analyst demographics

Here are the differences between accounting clerks lead' and accounting analysts' demographics:

Accounting Clerk LeadAccounting Analyst
Average age5144
Gender ratioMale, 26.1% Female, 73.9%Male, 41.6% Female, 58.4%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%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%
LGBT Percentage7%7%

Differences between accounting clerk lead and accounting analyst duties and responsibilities

Accounting clerk lead example responsibilities.

  • Manage weekly, monthly, and quarterly accruals and SOX reporting.
  • Lead the conversion to new trading software that enhance cash management and treasury reporting.
  • Prepare monthly trust experience reports, including reconciliations of trust contributions and disbursements.
  • Prepare adjusting journal entries, reconcile general accounts, and conduct bank reconciliations.
  • Conduct internal control testing and provide controllership operating framework data metrics for SOX compliance.
  • Establish feasibility of payroll function consolidation from individual facilities to single location, resulting in reduction of headcount and cost savings.
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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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Accounting clerk lead vs accounting analyst skills

Common accounting clerk lead skills
  • General Ledger, 13%
  • HR, 13%
  • GAAP, 9%
  • Reconciliations, 9%
  • Invoice, 5%
  • Internal Controls, 5%
Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%

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