Bank accountant vs tax accountant

The differences between bank accountants and tax 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 tax accountant. Additionally, a tax accountant has an average salary of $62,142, 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 tax accountant are CPA, tax audits, and income tax returns.

Bank accountant vs tax accountant overview

	Bank Accountant	Tax Accountant
Yearly salary	$52,142	$62,142
Hourly rate	$25.07	$29.88
Growth rate	6%	6%
Number of jobs	43,750	57,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

Bank accountant vs tax accountant salary

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

	Bank Accountant	Tax Accountant
Average salary	$52,142	$62,142
Salary range	Between $39,000 And $68,000	Between $45,000 And $83,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Pacific Investment Management Company LLC
Best paying industry	-	Finance

Differences between bank accountant and tax accountant education

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

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

Bank accountant vs tax accountant demographics

Here are the differences between bank accountants' and tax accountants' demographics:

	Bank Accountant	Tax Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 47.3% Female, 52.7%
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, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between bank accountant and tax 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.

Tax accountant example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Manage and prepare sales and use tax account reconciliations and property tax liability accounts and prepare corresponding journal entries.
Prepared/Review financial statements according to GAAP and propose adjusting entries for clients.
Prepare tax returns for corporations, partnerships, non-profit organizations and individuals.
Work with various accounting departments, with duties such as account reconciliations, customer service, and administrative/clerical positions.
SAP, ONESOURCE, YESWIN, and BSAEfiling

Bank accountant vs tax 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 tax accountant skills

CPA, 9%
Tax Audits, 4%
Income Tax Returns, 4%
Tax Research, 4%
Reconciliations, 4%
Financial Statements, 4%