Bank accountant vs fixed asset accountant

The differences between bank accountants and fixed asset accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bank accountant and a fixed asset accountant. Additionally, a fixed asset accountant has an average salary of $59,691, which is higher than the $52,142 average annual salary of a bank accountant.

The top three skills for a bank accountant include reconciliations, general ledger and financial statements. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.

Bank accountant vs fixed asset accountant overview

	Bank Accountant	Fixed Asset Accountant
Yearly salary	$52,142	$59,691
Hourly rate	$25.07	$28.70
Growth rate	6%	6%
Number of jobs	43,750	42,860
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	4	4

Bank accountant vs fixed asset accountant salary

Bank accountants and fixed asset accountants have different pay scales, as shown below.

	Bank Accountant	Fixed Asset Accountant
Average salary	$52,142	$59,691
Salary range	Between $39,000 And $68,000	Between $46,000 And $76,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Apple
Best paying industry	-	Energy

Differences between bank accountant and fixed asset accountant education

There are a few differences between a bank accountant and a fixed asset accountant in terms of educational background:

	Bank Accountant	Fixed Asset Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs fixed asset accountant demographics

Here are the differences between bank accountants' and fixed asset accountants' demographics:

	Bank Accountant	Fixed Asset Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 43.8% Female, 56.2%
Race ratio	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between bank accountant and fixed asset accountant duties and responsibilities

Bank accountant example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Assist in the creation, verification, and transmission of ACH files.
Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
Review of contract documentation to determine billing requirements, reporting requirements and ERP setup for automate invoicing.

Fixed asset accountant example responsibilities.

Lead the discussions on the level of asset componentization with respect to compliance IFRS standards.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Monitor purchase orders and calculate month-end accruals.
Support internal and external audit requirements and verify SOX documentation.
Calculate and reconcile deferred rent liability accruals for office leases.
Set up a consolidate and centralize SOX depository for require documentation.

Bank accountant vs fixed asset accountant skills

Common bank accountant skills

Reconciliations, 17%
General Ledger, 16%
Financial Statements, 15%
Financial Reports, 5%
Reconcile General Ledger, 5%
Balance Sheet, 5%

Common fixed asset accountant skills

Fixed Assets, 16%
Reconciliations, 8%
Asset System, 6%
GAAP, 5%
Financial Statements, 4%
Account Reconciliations, 4%

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Bank Accountant vs Fixed Asset Accountant

Updated January 8, 2025

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