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The differences between cash accountants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a cash accountant and an accounting analyst. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $57,971 average annual salary of a cash accountant.
The top three skills for a cash accountant include reconciliations, cash management and general ledger accounts. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.
| Cash Accountant | Accounting Analyst | |
| Yearly salary | $57,971 | $58,399 |
| Hourly rate | $27.87 | $28.08 |
| Growth rate | 6% | 6% |
| Number of jobs | 40,765 | 81,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 74% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Cash accountants are accounting professionals who are responsible for recording revenues and expenses during the period when cash is received and paid, respectively. These accountants are required to prepare journal entries and perform cash account reconciliations to balance bank and book balances during month-end closing activities. They must prepare all bank deposits and generate financial and payroll reports that are submitted to the operational and executive management team. Cash accountants must also provide analysis and resolution about the discrepancies in the bank and general ledger entries to internal departments and bank representatives.
An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.
Cash accountants and accounting analysts have different pay scales, as shown below.
| Cash Accountant | Accounting Analyst | |
| Average salary | $57,971 | $58,399 |
| Salary range | Between $44,000 And $76,000 | Between $42,000 And $79,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | New York |
| Best paying company | - | |
| Best paying industry | - | Finance |
There are a few differences between a cash accountant and an accounting analyst in terms of educational background:
| Cash Accountant | Accounting Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 74% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cash accountants' and accounting analysts' demographics:
| Cash Accountant | Accounting Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 31.2% Female, 68.8% | Male, 41.6% Female, 58.4% |
| Race ratio | Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.8% American Indian and Alaska Native, 0.5% | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |