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The differences between finance assistants and accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a finance assistant, becoming an accountant takes usually requires 2-4 years. Additionally, an accountant has an average salary of $54,890, which is higher than the $37,926 average annual salary of a finance assistant.
The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.
| Finance Assistant | Accountant | |
| Yearly salary | $37,926 | $54,890 |
| Hourly rate | $18.23 | $26.39 |
| Growth rate | -8% | 6% |
| Number of jobs | 118,749 | 60,073 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 71% |
| Average age | 50 | 44 |
| Years of experience | 2 | 4 |
A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.
An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.
Finance assistants and accountants have different pay scales, as shown below.
| Finance Assistant | Accountant | |
| Average salary | $37,926 | $54,890 |
| Salary range | Between $27,000 And $52,000 | Between $41,000 And $72,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Connecticut | New York |
| Best paying company | Boston Consulting Group | Meta |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a finance assistant and an accountant in terms of educational background:
| Finance Assistant | Accountant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 71% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance assistants' and accountants' demographics:
| Finance Assistant | Accountant | |
| Average age | 50 | 44 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7% | Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 6% | 7% |