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.

Accounting Manager Responsibilities

Here are examples of responsibilities from real accounting manager resumes representing typical tasks they are likely to perform in their roles.

  • Manage finance staff including: G/L, A/P, A/R, financial analysts, and purchasing.
  • Manage 26 LLC and affiliates daily accounting, tax, P/R, M/E closing, & F/S preparation.
  • 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.
  • Distribute semi-monthly payroll using ADP system.
  • Prepare quarterly financial statements in accordance with U.S. GAAP ensuring accuracy of account balances and proper presentation.
  • Improve cash flow by integrating ERP accounting functions with third-party logistics systems to accelerate customer revenue recognition.
  • Comply with financial reporting requirements of various loan and partnership agreements including preparation of GAAP basis financial statements.
  • Execute accounts receivable reporting enhancements and reconciliation procedures in order to integrate QuickBooks accounting software and Sirius inventory software.
  • Complete monthly closing procedures including general ledger activity analysis and supporting schedules/calculations for multiple property portfolios in accordance with GAAP.
Accounting Manager Traits
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Communication skills shows that you are able to relay your thoughts, opinions and ideas clearly to those around you.
Organizational skills are essential to working as efficiently as possible through being able to focus on projects at hand while also keeping a clean workspace.

Accounting Manager Job Description

Perhaps the hardest question to answer when deciding on a career as an accounting manager is "should I become an accounting manager?" You might find this info to be helpful. When compared to other jobs, accounting manager careers are projected to have a growth rate described as "much faster than average" at 16% from 2018 through 2028. This is in accordance with the Bureau of Labor Statistics. What's more, is that the projected number of opportunities that are predicted to become available for a accounting manager by 2028 is 104,700.

Accounting managers average about $38.0 an hour, which makes the accounting manager annual salary $79,049. Additionally, accounting managers are known to earn anywhere from $54,000 to $115,000 a year. This means that the top-earning accounting managers make $61,000 more than the lowest earning ones.

As is the case with most jobs, it takes work to become an accounting manager. Sometimes people change their minds about their career after working in the profession. That's why we looked into some other professions that might help you find your next opportunity. These professions include a manager/finance accounting, senior accountant analyst, senior accountant, and cash manager.

Accounting Manager Jobs You Might Like

Accounting Manager Resume Examples

Accounting Manager Skills and Personality Traits

We calculated that 15% of Accounting Managers are proficient in Procedures, General Ledger Accounts, and Financial Statements. They’re also known for soft skills such as Analytical skills, Communication skills, and Organizational skills.

We break down the percentage of Accounting Managers that have these skills listed on their resume here:

  • Procedures, 15%

    Developed accounting policies and procedures and implemented training for operations personnel to ensure the proper administration of accounting policies and procedures.

  • General Ledger Accounts, 10%

    Prepared monthly account analysis and reconciliation of assigned general ledger accounts to ensure proper balance sand transactions are recorded and reported.

  • Financial Statements, 8%

    Developed and interpreted financial statements and reports for individual programs and customized existing reports to suit the needs of program directors.

  • CPA, 8%

    Assisted with the gathering of financial documents necessary for yearly audits conducted by CPA firms and the National Credit Union Administration.

  • Gaap, 6%

    Established QuickBooks Pro accounting system and information flow facilitating efficient and proper GAAP accounting of all transactions.

  • Internal Audit, 4%

    Directed the accounting group s involvement with external and internal auditors during annual engagement with no significant issues identified.

Most accounting managers list "procedures," "general ledger accounts," and "financial statements" as skills on their resumes. We go into more details on the most important accounting manager responsibilities here:

  • Analytical skills can be considered to be the most important personality trait for an accounting manager to have. According to a accounting manager resume, "financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability." Accounting managers are able to use analytical skills in the following example we gathered from a resume: "oversee financial analysis, financial audits, g/l, a/r, a/p and fixed-asset accounting in accordance with gaap standards. "
  • Another commonly found skill for being able to perform accounting manager duties is the following: communication skills. According to a accounting manager resume, "excellent communication skills are essential because financial managers must explain and justify complex financial transactions." Check out this example of how accounting managers use communication skills: "revised and updated reports periodically, and conducted special projects to improve the departmental communication system. "
  • Another skill that is quite popular among accounting managers is organizational skills. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a accounting manager resume: "because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively." This example from a resume shows how this skill is used: "completed special projects for the cfo, supervised staff members, and implemented strategies to meet organizational objectives. "
  • In order for certain accounting manager responsibilities to be completed, the job requires the skill "detail oriented." According to an accounting manager resume, "in preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." As an example, this snippet was taken directly from a resume about how this skill applies: "developed gaap oriented financials to replace production oriented financials. "
  • Yet another important skill that an accounting manager must demonstrate is "math skills." Financial managers must be skilled in math, including algebra This is clearly demonstrated in this example from an accounting manager who stated: "analyzed quantitative data reports, completed audits, and information verification to ensure accuracy. "
  • See the full list of accounting manager skills.

    After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming an accounting manager. We found that 73.0% of accounting managers have graduated with a bachelor's degree and 11.8% of people in this position have earned their master's degrees. While most accounting managers have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every nine accounting managers were not college graduates.

    The accounting managers who went onto college to earn a more in-depth education generally studied accounting and business, while a small population of accounting managers studied finance and management.

    Once you've obtained the level of education you're comfortable with, you might start applying to companies to become an accounting manager. We've found that most accounting manager resumes include experience from Robert Half International, Job Corps, and Kforce. Of recent, Robert Half International had 272 positions open for accounting managers. Meanwhile, there are 25 job openings at Job Corps and 20 at Kforce.

    But if you're interested in companies where you might earn a high salary, accounting managers tend to earn the biggest salaries at Google, HERE Holding, and SS&C; Technologies. Take Google for example. The median accounting manager salary is $154,135. At HERE Holding, accounting managers earn an average of $139,404, while the average at SS&C; Technologies is $135,003. You should take into consideration how difficult it might be to secure a job with one of these companies.

    View more details on accounting manager salaries across the United States.

    If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at Robert Half International, Marriott International, and Federal Home Loan Mortgage. These three companies have hired a significant number of accounting managers from these institutions.

    In general, accounting managers fulfill roles in the manufacturing and technology industries. While employment numbers are high in those industries, the accounting manager annual salary is the highest in the technology industry with $108,446 as the average salary. Meanwhile, the manufacturing and health care industries pay $100,266 and $99,365 respectively. This means that accounting managers who are employed in the technology industry make 27.1% more than accounting managers who work in the professional Industry.

    The three companies that hire the most prestigious accounting managers are:

      What Manager/Finance Accountings Do

      A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

      We looked at the average accounting manager annual salary and compared it with the average of a manager/finance accounting. Generally speaking, managers/finance accounting receive $15,194 higher pay than accounting managers per year.

      While their salaries may differ, one common ground between accounting managers and managers/finance accounting are a few of the skills required in each craft. In both careers, employees bring forth skills like procedures, general ledger accounts, and financial statements.

      There are some key differences in responsibilities as well. For example, an accounting manager responsibilities require skills like "income," "company policies," "human resources," and "credit card." Meanwhile a typical manager/finance accounting has skills in areas such as "due diligence," "hr," "financial management," and "business units." This difference in skills reveals how truly different these two careers really are.

      Managers/finance accounting really shine in the media industry with an average salary of $109,171. Whereas accounting managers tend to make the most money in the technology industry with an average salary of $108,446.

      The education levels that managers/finance accounting earn is a bit different than that of accounting managers. In particular, managers/finance accounting are 13.0% more likely to graduate with a Master's Degree than an accounting manager. Additionally, they're 0.8% more likely to earn a Doctoral Degree.

      What Are The Duties Of a Senior Accountant Analyst?

      As a senior accountant analyst, your main role is to provide professional guidance to a company. You need to have excellent preparation skills to create financial reports that clearly state the expenses and forecast the company's financial future. You should always aim for accuracy and compliance. Moreover, as a senior accountant analyst, you are supposed to give general operational assistance to the company's management.

      Now we're going to look at the senior accountant analyst profession. On average, senior accountant analysts earn a $2,277 lower salary than accounting managers a year.

      Not everything about these jobs is different. Take their skills, for example. Accounting managers and senior accountant analysts both include similar skills like "procedures," "general ledger accounts," and "financial statements" on their resumes.

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that accounting manager responsibilities requires skills like "cpa," "customer service," "income," and "human resources." But a senior accountant analyst might use skills, such as, "financial performance," "real estate," "pivot tables," and "business units."

      It's been discovered that senior accountant analysts earn lower salaries compared to accounting managers, but we wanted to find out where senior accountant analysts earned the most pay. The answer? The manufacturing industry. The average salary in the industry is $76,552. Additionally, accounting managers earn the highest paychecks in the technology with an average salary of $108,446.

      In general, senior accountant analysts study at higher levels of education than accounting managers. They're 11.0% more likely to obtain a Master's Degree while being 0.8% more likely to earn a Doctoral Degree.

      What technology do you think will become more important and prevalent for Accounting Managers in the next 3-5 years?

      Gregory Petyak

      Assistant Professor of Accounting, University of Pittsburgh - Johnstown

      Artificial Intelligence, blockchain, and RPA (Robotic Process Automation) will become much more important and prevalent in the years to come. In addition, technology related to data analysis and data security will continue to evolve in the workplace and in our daily lives. This year has forced us out of traditional business models and methods. We need to accept and adapt to the fact that things will never be the same as they were before.Show more

      What technology do you think will become more important and prevalent for Accounting Managers in the next 3-5 years?

      Thomas King

      Department Chair, Director, Master of Accountancy Program, Professor, Accountancy, Case Western Reserve University

      I believe critical thinking will be more important than knowledge of any particular technology. Critical thinking means forming defensible conclusions with limited data. As jobs evolve with increasing automation and off-shoring levels, the importance of critical thinking in entry-level employment will rise.Show more

      How a Senior Accountant Compares

      A senior accountant is responsible for organizing financial reports, analyzing cost estimates, reviewing budget goals regularly, and making adjustments with the company's account statements as necessary. Senior accountants' duties also include managing account reconciliations, preparing tax documents, maintaining audit records and balance sheets, generating invoices, and providing recommendations to minimize possible financial loss. A senior accountant must have excellent analytical and critical-thinking skills and extensive knowledge of accounting and financial principles.

      Let's now take a look at the senior accountant profession. On average, these workers make lower salaries than accounting managers with a $3,703 difference per year.

      Using accounting managers and senior accountants resumes, we found that both professions have similar skills such as "general ledger accounts," "financial statements," and "cpa," but the other skills required are very different.

      Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from accounting manager resumes include skills like "procedures," "customer service," "income," and "company policies," whereas a senior accountant might be skilled in "real estate," "hr," "business units," and "intercompany loans. "

      Senior accountants make a very good living in the technology industry with an average annual salary of $80,337. Whereas accounting managers are paid the highest salary in the technology industry with the average being $108,446.

      When it comes to education, senior accountants tend to earn higher education levels than accounting managers. In fact, they're 6.5% more likely to earn a Master's Degree, and 0.0% more likely to graduate with a Doctoral Degree.

      Description Of a Cash Manager

      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.

      Cash managers tend to earn a higher pay than accounting managers by about $5,819 per year.

      While both accounting managers and cash managers complete day-to-day tasks using similar skills like procedures, general ledger accounts, and financial statements, the two careers also vary in other skills.

      Even though a few skill sets overlap, there are some differences that are important to note. For one, an accounting manager might have more use for skills like "cpa," "income," "special projects," and "tax returns." Meanwhile, some cash managers might include skills like "treasury operations," "pos," "business units," and "daily operations" on their resume.

      Now, let's take a closer look at the financials in each career. The automotive industry tends to pay more for cash managers with an average of $98,248. While the highest accounting manager annual salary comes from the technology industry.

      The average resume of cash managers showed that they earn similar levels of education to accounting managers. So much so that the likelihood of them earning a Master's Degree is 4.2% less. Additionally, they're less likely to earn a Doctoral Degree by 0.1%.