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Budget accountant vs project accountant

The differences between budget accountants and project 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 budget accountant and a project accountant. Additionally, a project accountant has an average salary of $60,467, which is higher than the $59,192 average annual salary of a budget accountant.

The top three skills for a budget accountant include financial data, fixed assets and journal entries. The most important skills for a project accountant are reconciliations, project management, and contract terms.

Budget accountant vs project accountant overview

Budget AccountantProject Accountant
Yearly salary$59,192$60,467
Hourly rate$28.46$29.07
Growth rate6%6%
Number of jobs33,77743,672
Job satisfaction-5
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 72%
Average age4444
Years of experience44

Budget accountant vs project accountant salary

Budget accountants and project accountants have different pay scales, as shown below.

Budget AccountantProject Accountant
Average salary$59,192$60,467
Salary rangeBetween $43,000 And $80,000Between $46,000 And $79,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkNew Jersey
Best paying companyGenentechPerficient
Best paying industryFinanceProfessional

Differences between budget accountant and project accountant education

There are a few differences between a budget accountant and a project accountant in terms of educational background:

Budget AccountantProject Accountant
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Budget accountant vs project accountant demographics

Here are the differences between budget accountants' and project accountants' demographics:

Budget AccountantProject Accountant
Average age4444
Gender ratioMale, 49.6% Female, 50.4%Male, 36.8% Female, 63.2%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.7% White, 62.7% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between budget accountant and project accountant duties and responsibilities

Budget accountant example responsibilities.

  • Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
  • Prepare budgets, reconciliations and outcome reports for grants.
  • Facilitate data transfer and reconciliation between systems (TSI/T-II and PeopleSoft).
  • Review staffing compensations, medical benefits, professional insurances, headcount, and FTE metrics.
  • Collaborate extensively with CPA's office during preliminary and year-end audit/review process to ensure completeness of financial statements and tax returns.
  • Develop ROI analysis model for propose capital investments and authore requirements policy and process flow, which streamline decision-making process.

Project accountant example responsibilities.

  • Maintain general ledgers, manage cash flow, prepare financial statements and bank reconciliations for multiple development and construction projects.
  • Assure timely accurate filing of all Medicare, Medicaid and commercial insurance claims.
  • Review the collection of Medicare, Medicaid and other receivables to ensure monthly goals are met.
  • Used DelTek to find discrepancies in employee charge hours.
  • Serve as major contributor in system conversion to new web-base ERP system.
  • Identify and rectify accounting errors that have incurred in the past and ensure adherence to IFRS.
  • Show more

Budget accountant vs project accountant skills

Common budget accountant skills
  • Financial Data, 14%
  • Fixed Assets, 14%
  • Journal Entries, 14%
  • Reconciliations, 13%
  • Budget Preparation, 6%
  • Balance Sheet, 6%
Common project accountant skills
  • Reconciliations, 8%
  • Project Management, 6%
  • Contract Terms, 5%
  • Purchase Orders, 4%
  • Deltek, 4%
  • Revenue Recognition, 4%

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