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Accounting coordinator vs accounting analyst

The differences between accounting coordinators 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 coordinator, becoming an accounting analyst takes usually requires 2-4 years. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $44,639 average annual salary of an accounting coordinator.

The top three skills for an accounting coordinator include customer service, reconciliations and data entry. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Accounting coordinator vs accounting analyst overview

Accounting CoordinatorAccounting Analyst
Yearly salary$44,639$58,399
Hourly rate$21.46$28.08
Growth rate-5%6%
Number of jobs63,12981,097
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 74%
Average age5144
Years of experience64

What does an accounting coordinator do?

An accounting coordinator is responsible for assisting the operations of the organization's accounting department, processing financial reports, and serving as a liaison between the accounting staff and other department personnel or external parties. Accounting coordinators maintain a record of accounts payable and receivables, issuing invoices, updating account statements, resolving account discrepancies, and managing bank reconciliations. They also help with tax audits, as well as performing bookkeeping functions and other administrative tasks as needed. An accounting coordinator must have excellent analytical skills and knowledge of accounting principles and disciplines.

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 coordinator vs accounting analyst salary

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

Accounting CoordinatorAccounting Analyst
Average salary$44,639$58,399
Salary rangeBetween $34,000 And $58,000Between $42,000 And $79,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkNew York
Best paying companyCleary Gottlieb Steen & HamiltonGoogle
Best paying industryManufacturingFinance

Differences between accounting coordinator and accounting analyst education

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

Accounting CoordinatorAccounting Analyst
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting coordinator vs accounting analyst demographics

Here are the differences between accounting coordinators' and accounting analysts' demographics:

Accounting CoordinatorAccounting Analyst
Average age5144
Gender ratioMale, 23.3% Female, 76.7%Male, 41.6% Female, 58.4%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% 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 coordinator and accounting analyst duties and responsibilities

Accounting coordinator example responsibilities.

  • Train and manage employees in payroll operations, and achieve significant improvements in their productivity.
  • Manage accounting in QuickBooks, scheduling and material purchasing
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Conduct online research, in order to acquire detail commission statements for commission ACH bank deposits and commission checks.
  • Perform complex account reconciliations and analysis to ensure proper support and documentation for balance sheet and income statement account balances.
  • Import previous day's invoices from POS system into QuickBooks using custom software correcting invoices as necessary to permit importing.
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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 coordinator vs accounting analyst skills

Common accounting coordinator skills
  • Customer Service, 12%
  • Reconciliations, 9%
  • Data Entry, 8%
  • Purchase Orders, 5%
  • General Ledger Accounts, 4%
  • Credit Card Payments, 4%
Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%

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