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Finance analyst/accountant vs general accountant

The differences between finance analyst/accountants and general 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 finance analyst/accountant and a general accountant. Additionally, a finance analyst/accountant has an average salary of $62,975, which is higher than the $55,043 average annual salary of a general accountant.

The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for a general accountant are financial data, reconciliations, and cash handling.

Finance analyst/accountant vs general accountant overview

Finance Analyst/AccountantGeneral Accountant
Yearly salary$62,975$55,043
Hourly rate$30.28$26.46
Growth rate6%6%
Number of jobs118,04387,663
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 75%
Average age4444
Years of experience44

What does a finance analyst/accountant do?

In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently. They also conduct research and analysis to identify new business opportunities, evaluate the existing procedures to determine its strengths and weaknesses, and recommend solutions to optimize operations for financial growth. Furthermore, as a finance analyst/accountant, it is essential to uphold the company's policies and regulations, including its vision and mission.

What does a general accountant do?

A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.

Finance analyst/accountant vs general accountant salary

Finance analyst/accountants and general accountants have different pay scales, as shown below.

Finance Analyst/AccountantGeneral Accountant
Average salary$62,975$55,043
Salary rangeBetween $47,000 And $84,000Between $40,000 And $73,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkNew Jersey
Best paying companyCitiApple
Best paying industryFinanceAutomotive

Differences between finance analyst/accountant and general accountant education

There are a few differences between a finance analyst/accountant and a general accountant in terms of educational background:

Finance Analyst/AccountantGeneral Accountant
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance analyst/accountant vs general accountant demographics

Here are the differences between finance analyst/accountants' and general accountants' demographics:

Finance Analyst/AccountantGeneral Accountant
Average age4444
Gender ratioMale, 50.2% Female, 49.8%Male, 43.1% Female, 56.9%
Race ratioBlack or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 17.0% White, 60.6% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between finance analyst/accountant and general accountant duties and responsibilities

Finance analyst/accountant example responsibilities.

  • Manage the full cycle finance duties including A/P, A/R, G/L and fixed-asset accounting in accordance with GAAP standards.
  • Manage all monthly accruals for outsides consultant/service providers.
  • Develop transfer prices and manage manufacturing inventory in an ERP system.
  • Utilize accounting principles to manage quarterly regulatory settlement accruals and reporting requirements.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Implement process improvement initiatives for the payroll cash account that facilitate early recognition of unrecord payroll expenses.
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General accountant example responsibilities.

  • Manage payroll functions, financial statements, accounts payable, basic job cost, account analysis, accruals, year-end audits.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Assist manager with cash flow, preparing financial statement, BBC, and report to CPA.
  • Create budget at beginning and coordinate CPA firm's audit at the end of year.
  • Assist in any kind of audit engagement (internal control, external, SOX, etc . )
  • Provide support for the controller with period-end close accruals and journal entries and assist in various duties and responsibilities.
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Finance analyst/accountant vs general accountant skills

Common finance analyst/accountant skills
  • Reconciliations, 9%
  • Financial Analysis, 8%
  • General Ledger Accounts, 4%
  • Payroll, 4%
  • External Auditors, 4%
  • GAAP, 4%
Common general accountant skills
  • Financial Data, 11%
  • Reconciliations, 10%
  • Cash Handling, 9%
  • Vendor Invoices, 6%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 5%

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