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The differences between cash 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 cash accountant and a tax accountant. Additionally, a tax accountant has an average salary of $62,142, 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 a tax accountant are CPA, tax audits, and income tax returns.
| Cash Accountant | Tax Accountant | |
| Yearly salary | $57,971 | $62,142 |
| Hourly rate | $27.87 | $29.88 |
| Growth rate | 6% | 6% |
| Number of jobs | 40,765 | 57,919 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| 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.
A tax accountant is an individual who works with clients to produce tax return documents that follow tax laws and regulations while keeping them updated on their return information. Tax accountants must determine tax strategies for their clients that may minimize or eliminate tax payments while arranging audits with taxation authorities. They prepare tax documents for different clients, including private companies, non-profit organizations, and private individuals. Tax accountants are also required to obtain a bachelor's degree in accounting and should understand business concepts.
Cash accountants and tax accountants have different pay scales, as shown below.
| Cash Accountant | Tax Accountant | |
| Average salary | $57,971 | $62,142 |
| Salary range | Between $44,000 And $76,000 | 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 |
There are a few differences between a cash accountant and a tax accountant in terms of educational background:
| Cash Accountant | Tax Accountant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cash accountants' and tax accountants' demographics:
| Cash Accountant | Tax Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 31.2% Female, 68.8% | Male, 47.3% Female, 52.7% |
| 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, 8.2% 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% |