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The differences between cash accountants and junior 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 cash accountant and a junior accountant. Additionally, a cash accountant has an average salary of $57,971, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a cash accountant include reconciliations, cash management and general ledger accounts. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Cash Accountant | Junior Accountant | |
| Yearly salary | $57,971 | $50,444 |
| Hourly rate | $27.87 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 40,765 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| 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.
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
Cash accountants and junior accountants have different pay scales, as shown below.
| Cash Accountant | Junior Accountant | |
| Average salary | $57,971 | $50,444 |
| Salary range | Between $44,000 And $76,000 | Between $38,000 And $66,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Fuhu |
| Best paying industry | - | Construction |
There are a few differences between a cash accountant and a junior accountant in terms of educational background:
| Cash Accountant | Junior Accountant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cash accountants' and junior accountants' demographics:
| Cash Accountant | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 31.2% Female, 68.8% | Male, 39.6% Female, 60.4% |
| 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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |