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Accounting manager vs accounting consultant

The differences between accounting managers and accounting consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an accounting manager, becoming an accounting consultant takes usually requires 2-4 years. Additionally, an accounting manager has an average salary of $84,451, which is higher than the $62,830 average annual salary of an accounting consultant.

The top three skills for an accounting manager include reconciliations, CPA and GAAP. The most important skills for an accounting consultant are CPA, GAAP, and reconciliations.

Accounting manager vs accounting consultant overview

Accounting ManagerAccounting Consultant
Yearly salary$84,451$62,830
Hourly rate$40.60$30.21
Growth rate17%6%
Number of jobs92,08974,894
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 73%
Average age4644
Years of experience84

What does an accounting manager do?

An accounting manager is responsible for supervising and monitoring the overall accounting department operations. Duties of an accounting manager include reviewing account information and account statements, processing invoices, analyzing financial data, performing account reconciliations, assisting with tax processing and audit reports, and generating financial reports for presentation with the board. An accounting manager must have excellent knowledge of the accounting principles and legislation to assist the team with the company's financial goals. Accounting managers must have the outstanding analytical, critical thinking, and decision-making skills to develop the best competitive financial strategies.

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.

Accounting manager vs accounting consultant salary

Accounting managers and accounting consultants have different pay scales, as shown below.

Accounting ManagerAccounting Consultant
Average salary$84,451$62,830
Salary rangeBetween $60,000 And $117,000Between $45,000 And $86,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateVermontCalifornia
Best paying companyMorgan LewisJordan Company
Best paying industryFinanceManufacturing

Differences between accounting manager and accounting consultant education

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

Accounting ManagerAccounting Consultant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 73%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting manager vs accounting consultant demographics

Here are the differences between accounting managers' and accounting consultants' demographics:

Accounting ManagerAccounting Consultant
Average age4644
Gender ratioMale, 40.4% Female, 59.6%Male, 49.3% Female, 50.7%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 10.0% White, 63.2% American Indian and Alaska Native, 0.3%Black 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%
LGBT Percentage11%7%

Differences between accounting manager and accounting consultant duties and responsibilities

Accounting manager example responsibilities.

  • Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
  • Work independently on line of business projects to automate derivative processes and system enhancement testing.
  • Manage payroll and all taxation matters, coordinate independent audit; communicate with outside organizations and agencies.
  • Lead team that develop templates and procedure documentation of key controls within general accounting to comply with Sarbanes-Oxley.
  • Lead successful international enterprise wide ERP migration and experience in analysis, testing, documentation, design and implementation.
  • Conduct corporate treasury management planning and analysis, manages controls for inventory and cost accumulation for all products sell.
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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.
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Accounting manager vs accounting consultant skills

Common accounting manager skills
  • Reconciliations, 10%
  • CPA, 9%
  • GAAP, 7%
  • Customer Service, 5%
  • Payroll Processing, 4%
  • Internal Controls, 4%
Common accounting consultant skills
  • CPA, 15%
  • GAAP, 11%
  • Reconciliations, 8%
  • ERP, 4%
  • Shared Services, 4%
  • SOX, 4%

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