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Accounting internship vs general accountant

The differences between accounting interns and general accountants 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 internship, becoming a general accountant takes usually requires 2-4 years. Additionally, a general accountant has an average salary of $55,043, which is higher than the $30,642 average annual salary of an accounting internship.

The top three skills for an accounting internship include reconciliations, data entry and payroll. The most important skills for a general accountant are financial data, reconciliations, and cash handling.

Accounting internship vs general accountant overview

Accounting InternshipGeneral Accountant
Yearly salary$30,642$55,043
Hourly rate$14.73$26.46
Growth rate-5%6%
Number of jobs80,29987,663
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 75%
Average age5144
Years of experience64

What does an accounting internship do?

An accounting internship is a trainee who reports to an organization's accountant in order to learn about the accounting field, complete financial projects and files taxes, and financial reports. An intern should be a graduate of a Bachelor's or Master's in Accounting and should have an aptitude for mathematics and proficiency with computers. In order to prepare financial reports, an intern should possess knowledge with bookkeeping software. An intern must also know how to handle sensitive information with honesty and integrity.

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 internship vs general accountant salary

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

Accounting InternshipGeneral Accountant
Average salary$30,642$55,043
Salary rangeBetween $24,000 And $38,000Between $40,000 And $73,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew Jersey
Best paying companyBWX TechnologiesApple
Best paying industryTelecommunicationAutomotive

Differences between accounting internship and general accountant education

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

Accounting InternshipGeneral Accountant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting internship vs general accountant demographics

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

Accounting InternshipGeneral Accountant
Average age5144
Gender ratioMale, 53.3% Female, 46.7%Male, 43.1% Female, 56.9%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%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 internship and general accountant duties and responsibilities

Accounting internship example responsibilities.

  • Acquire training on the automated ADP payroll system which lead to a recommendation for the payroll manager position.
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Prepare and process accounts payable checks and ACH payments.
  • Code diagnosis and add appropriate modifiers to CPT codes.
  • Prepare and maintain monthly departmental reports to maintain SOX compliance.
  • Demonstrate knowledge of medical terminology, ICD-9 codes, and CPT codes.
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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 internship vs general accountant skills

Common accounting internship skills
  • Reconciliations, 14%
  • Data Entry, 7%
  • Payroll, 6%
  • First Hand, 6%
  • Work Ethic, 6%
  • Account Reconciliations, 5%
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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