Bank accountant vs general ledger accountant

The differences between bank accountants and general ledger 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 general ledger accountant. Additionally, a general ledger accountant has an average salary of $60,034, 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 general ledger accountant are reconciliations, GAAP, and balance sheet accounts.

Bank accountant vs general ledger accountant overview

	Bank Accountant	General Ledger Accountant
Yearly salary	$52,142	$60,034
Hourly rate	$25.07	$28.86
Growth rate	6%	6%
Number of jobs	43,750	81,408
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 76%
Average age	44	44
Years of experience	4	4

Bank accountant vs general ledger accountant salary

Bank accountants and general ledger accountants have different pay scales, as shown below.

	Bank Accountant	General Ledger Accountant
Average salary	$52,142	$60,034
Salary range	Between $39,000 And $68,000	Between $47,000 And $76,000
Highest paying City	-	Washington, DC
Highest paying state	-	California
Best paying company	-	Citi
Best paying industry	-	Technology

Differences between bank accountant and general ledger accountant education

There are a few differences between a bank accountant and a general ledger accountant in terms of educational background:

	Bank Accountant	General Ledger Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 76%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs general ledger accountant demographics

Here are the differences between bank accountants' and general ledger accountants' demographics:

	Bank Accountant	General Ledger Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 36.9% Female, 63.1%
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, 10.8% Asian, 15.0% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between bank accountant and general ledger 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.

General ledger accountant example responsibilities.

Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Perform account analysis, cost accruals, bank reconciliations, inventory reconciliation and analysis; research and recommend transaction corrections.
Maintain ERP general ledger and data in sub module, and perform the expenditure review according to budgeting.
Prepare monthly, reconciliations of subsidiary ledgers to general ledger control accounts.
Reconcile general ledger accounts which including preparing journal entries and accruals in preparation of consolidate financial reports.
Prepare various monthly journal entries to record prepay insurance amortization, payroll deduction liabilities and other liability accruals.

Bank accountant vs general ledger 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 general ledger accountant skills

Reconciliations, 15%
GAAP, 6%
Balance Sheet Accounts, 6%
Payroll, 5%
Accruals, 5%
External Auditors, 4%

Bank Accountant vs. similar jobs

Bank Accountant related careers

Bank Accountant related jobs

What similar roles do

Zippia Careers
Business and Financial Industry
Bank Accountant
Bank Accountant vs General Ledger Accountant

Updated January 8, 2025

Browse business and financial jobs