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The differences between finance reporting accountants and fixed asset 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 reporting accountant and a fixed asset accountant. Additionally, a finance reporting accountant has an average salary of $67,545, which is higher than the $59,691 average annual salary of a fixed asset accountant.
The top three skills for a finance reporting accountant include GAAP, reconciliations and external auditors. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.
| Finance Reporting Accountant | Fixed Asset Accountant | |
| Yearly salary | $67,545 | $59,691 |
| Hourly rate | $32.47 | $28.70 |
| Growth rate | 6% | 6% |
| Number of jobs | 112,234 | 42,860 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A finance reporting accountant is responsible for monitoring the efficiency and accuracy of the company's financial reporting procedures. Finance reporting accountants analyze the financial statements of the company, including its expenses, balance sheets, revenues, cash flow, and other related financial information and discuss it to the management. They also provide strategic recommendations to minimize loss through cost-reduction operational processes and identifying business opportunities to increase profits. A finance reporting accountant should have excellent knowledge of the accounting principles and disciplines, evaluating financial forecasts and resolving account discrepancies.
A fixed asset accountant is responsible for processing statement reports for the company's assets, organizing account records, and handling bank reconciliations and disputes. Fixed asset accountants must have excellent knowledge of the accounting principles to determine and track the assets dispositions in various accounting systems for reference. They also ensure the accurate balance and calculate the value of all fixed assets for reports. A fixed asset accountant should be highly analytical to measure asset obligations and provide recommendations for asset acquisition.
Finance reporting accountants and fixed asset accountants have different pay scales, as shown below.
| Finance Reporting Accountant | Fixed Asset Accountant | |
| Average salary | $67,545 | $59,691 |
| Salary range | Between $50,000 And $90,000 | Between $46,000 And $76,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | Western Alliance Bank | Apple |
| Best paying industry | Retail | Energy |
There are a few differences between a finance reporting accountant and a fixed asset accountant in terms of educational background:
| Finance Reporting Accountant | Fixed Asset Accountant | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 77% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance reporting accountants' and fixed asset accountants' demographics:
| Finance Reporting Accountant | Fixed Asset Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 43.8% Female, 56.2% |
| Race ratio | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.6% White, 60.8% American Indian and Alaska Native, 0.5% | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |