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The differences between cost accounting managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a cost accounting manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $89,286 average annual salary of a cost accounting manager.
The top three skills for a cost accounting manager include variance analysis, financial analysis and reconciliations. The most important skills for a cash manager are customer service, cash management, and treasury.
| Cost Accounting Manager | Cash Manager | |
| Yearly salary | $89,286 | $93,363 |
| Hourly rate | $42.93 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 61,135 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Cost accounting managers and cash managers have different pay scales, as shown below.
| Cost Accounting Manager | Cash Manager | |
| Average salary | $89,286 | $93,363 |
| Salary range | Between $67,000 And $118,000 | Between $66,000 And $130,000 |
| Highest paying City | Boston, MA | Redding, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Microsoft | PVH |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a cost accounting manager and a cash manager in terms of educational background:
| Cost Accounting Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cost accounting managers' and cash managers' demographics:
| Cost Accounting Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.7% Female, 28.3% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 9.2% White, 64.2% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |