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The differences between accounting technicians and finance technicians can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an accounting technician and a finance technician. Additionally, a finance technician has an average salary of $45,251, which is higher than the $41,337 average annual salary of an accounting technician.
The top three skills for an accounting technician include customer service, financial reports and payroll. The most important skills for a finance technician are financial reports, financial management, and review contracts.
| Accounting Technician | Finance Technician | |
| Yearly salary | $41,337 | $45,251 |
| Hourly rate | $19.87 | $21.76 |
| Growth rate | -5% | -5% |
| Number of jobs | 39,972 | 89,668 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 48% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
An accounting technician is responsible for evaluating financial information procedures to support accounting and taxation tasks, verifying the accuracy of account statements for the reference of accountants. Accounting technicians manage the payroll processes, generate invoices, perform account reconciliations, analyze account receivables, prepare budget reports, and monitor the company's financial transactions. Accounting technicians should always adhere to taxation legislation, comply with accounting disciplines, and coordinate with the account management for any findings and concerns, requiring them to have excellent communication and analytical skills.
Finance technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.
Accounting technicians and finance technicians have different pay scales, as shown below.
| Accounting Technician | Finance Technician | |
| Average salary | $41,337 | $45,251 |
| Salary range | Between $31,000 And $53,000 | Between $30,000 And $67,000 |
| Highest paying City | Oakland, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | W. R. Berkley | Ernst & Young |
| Best paying industry | Government | Government |
There are a few differences between an accounting technician and a finance technician in terms of educational background:
| Accounting Technician | Finance Technician | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 48% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting technicians' and finance technicians' demographics:
| Accounting Technician | Finance Technician | |
| Average age | 51 | 51 |
| Gender ratio | Male, 22.7% Female, 77.3% | Male, 41.2% Female, 58.8% |
| Race ratio | Black 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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |