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The differences between accounting managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accounting manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $84,451 average annual salary of an accounting manager.
The top three skills for an accounting manager include reconciliations, CPA and GAAP. The most important skills for a cash manager are customer service, cash management, and treasury.
| Accounting Manager | Cash Manager | |
| Yearly salary | $84,451 | $93,363 |
| Hourly rate | $40.60 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 92,089 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Accounting managers and cash managers have different pay scales, as shown below.
| Accounting Manager | Cash Manager | |
| Average salary | $84,451 | $93,363 |
| Salary range | Between $60,000 And $117,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | Vermont | California |
| Best paying company | Morgan Lewis | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an accounting manager and a cash manager in terms of educational background:
| Accounting Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting managers' and cash managers' demographics:
| Accounting Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 40.4% Female, 59.6% | Male, 38.2% Female, 61.8% |
| Race ratio | Black 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |