Post job

Accounting consultant vs staff accountant

The differences between accounting consultants and staff 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 consultant and a staff accountant. Additionally, an accounting consultant has an average salary of $62,830, which is higher than the $54,216 average annual salary of a staff accountant.

The top three skills for an accounting consultant include CPA, GAAP and reconciliations. The most important skills for a staff accountant are reconciliations, account reconciliations, and GAAP.

Accounting consultant vs staff accountant overview

Accounting ConsultantStaff Accountant
Yearly salary$62,830$54,216
Hourly rate$30.21$26.07
Growth rate6%6%
Number of jobs74,894115,930
Job satisfaction-4
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 76%
Average age4444
Years of experience44

What does an accounting consultant do?

An Accounting Consultant is a person tasked to assist the accounting department of a company. The consultant advises businesses concerning the accounting system used by the organization. It is also through the accounting consultant's help that improvements in the accounting process are proposed, the determination of problematic areas in the workflow, possible issues in the future, and everything that needs upgrading. The accounting consultant also helps businesses conform to legal policies set about by State and Federal legislation.

What does a staff accountant do?

Staff accountants are employees who are part of the company's accounting department. They are usually certified public accountants (CPAs). Staff accountants should be familiar with accounting tasks. Previous accounting experiences play a huge advantage in their success. They perform a variety of accounting responsibilities such as information verification and analysis, financial report preparation and presentation, financial account reconciliation, billing and payment receiving activities, vendor database management, and invoice processing requirements. They should also know how to do bookkeeping. Staff accountants should have good communication skills, analytical skills, and decision-making skills. They should also be organized and trustworthy since they will be handling confidential information.

Accounting consultant vs staff accountant salary

Accounting consultants and staff accountants have different pay scales, as shown below.

Accounting ConsultantStaff Accountant
Average salary$62,830$54,216
Salary rangeBetween $45,000 And $86,000Between $42,000 And $68,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew York
Best paying companyJordan CompanyMeta
Best paying industryManufacturingGovernment

Differences between accounting consultant and staff accountant education

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

Accounting ConsultantStaff Accountant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 76%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting consultant vs staff accountant demographics

Here are the differences between accounting consultants' and staff accountants' demographics:

Accounting ConsultantStaff Accountant
Average age4444
Gender ratioMale, 49.3% Female, 50.7%Male, 41.6% Female, 58.4%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.4% White, 63.0% American Indian and Alaska Native, 0.5%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.4% White, 61.9% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between accounting consultant and staff accountant duties and responsibilities

Accounting consultant example responsibilities.

  • Work independently on line of business projects to automate derivative processes and system enhancement testing.
  • Share oversight for recruitment, human resources and advertising.
  • Provide support to accounts payable department in tagging and recording of fix assets during an ERP system transition
  • Work with governance and internal audit team ensuring SOX compliance during monthly & quarterly reviews as well as the annual audit.
  • Collaborate with accounting department in monthly closing process and development of internal controls to support SOX requirements.
  • Improve audit performance of major medical center by clearing backlog of account reconciliations across multiple medical billing systems.
  • Show more

Staff accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Contribute revenue accruals using job cost system, fix assets including reclassification, reconciliation and depreciation.
  • Prepare month-end journal entries and assist in compilation of financial statements, reconcile bank statements and general ledgers.
  • Complete audit-quality account reconciliations monthly for balance sheet accounts including the capital projects in progress accounts and miscellaneous revenue accounts.
  • Assume responsibility for cash management encompassing wire and ACH transfers processing, bank activity confirmation, and monthly bank account reconciliations.
  • Handle all A/R and A/P, payroll, change orders, collections, lien placement and release, vendor account management.
  • Show more

Accounting consultant vs staff accountant skills

Common accounting consultant skills
  • CPA, 15%
  • GAAP, 11%
  • Reconciliations, 8%
  • ERP, 4%
  • Shared Services, 4%
  • SOX, 4%
Common staff accountant skills
  • Reconciliations, 15%
  • Account Reconciliations, 7%
  • GAAP, 6%
  • General Ledger Accounts, 4%
  • External Auditors, 4%
  • Internal Controls, 4%

Browse business and financial jobs