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Fiscal technician vs bookkeeper

The differences between fiscal technicians and bookkeepers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a fiscal technician and a bookkeeper. Additionally, a bookkeeper has an average salary of $40,337, which is higher than the $38,696 average annual salary of a fiscal technician.

The top three skills for a fiscal technician include financial reports, data entry and purchase orders. The most important skills for a bookkeeper are payroll tax returns, customer service, and reconciliations.

Fiscal technician vs bookkeeper overview

Fiscal TechnicianBookkeeper
Yearly salary$38,696$40,337
Hourly rate$18.60$19.39
Growth rate-5%-5%
Number of jobs13,38438,481
Job satisfaction-5
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 46%
Average age5151
Years of experience66

What does a fiscal technician do?

Fiscal technicians are the ones who are responsible for ensuring that there are no accounting inaccuracies for a client. They must also make sure that fraud and other discrepancies on accounts are seen and are solved. They are responsible for maintaining clean and reliable financial records by tracking transactions, doing inventories, verifying the truthfulness and accuracy of every entry, comparing folders, and keeping correct records secured.

What does a bookkeeper do?

Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.

Fiscal technician vs bookkeeper salary

Fiscal technicians and bookkeepers have different pay scales, as shown below.

Fiscal TechnicianBookkeeper
Average salary$38,696$40,337
Salary rangeBetween $29,000 And $50,000Between $30,000 And $52,000
Highest paying CityWalnut, CAWashington, DC
Highest paying stateMassachusettsNew York
Best paying companyMt. San Antonio CollegeNTT Data International L.L.C.
Best paying industryNon ProfitsManufacturing

Differences between fiscal technician and bookkeeper education

There are a few differences between a fiscal technician and a bookkeeper in terms of educational background:

Fiscal TechnicianBookkeeper
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 46%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Fiscal technician vs bookkeeper demographics

Here are the differences between fiscal technicians' and bookkeepers' demographics:

Fiscal TechnicianBookkeeper
Average age5151
Gender ratioMale, 15.8% Female, 84.2%Male, 15.4% Female, 84.6%
Race ratioBlack or African American, 7.0% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.7% White, 67.1% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between fiscal technician and bookkeeper duties and responsibilities

Fiscal technician example responsibilities.

  • Manage finance operations of assign USPS location.
  • Analyze debtor and creditor ledgers and accounts daily to ensure accuracy.
  • Correspond with Medicaid, Medicare and insurance companies with regards to billing matters.
  • Keep vendor ledgers for each fiscal year and all back up documentation for invoices.
  • Review time reports for accuracy and complete reconciliations of retroactive payments.
  • Complete financial reconciliations for various accounts and assist in developing the budget and cost center analysis for management.
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Bookkeeper example responsibilities.

  • Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
  • Perform journal entries, balance ledger, perform bank reconciliations, control inventory, coordinate proper guest accommodation.
  • Post and update of daily sales and purchases into QuickBooks system.
  • Execute monthly collection of Medicaid surplus funds from clients on a monthly basis.
  • Post resident receipts, Medicaid remittance, and process adjusting entries to the A/R detail.
  • Work closely with QC personnel for the planning of tooling and the flow process of PWB's.
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Fiscal technician vs bookkeeper skills

Common fiscal technician skills
  • Financial Reports, 11%
  • Data Entry, 9%
  • Purchase Orders, 8%
  • Payroll, 8%
  • Word Processing, 4%
  • Customer Service, 4%
Common bookkeeper skills
  • Payroll Tax Returns, 12%
  • Customer Service, 10%
  • Reconciliations, 10%
  • Data Entry, 7%
  • Journal Entries, 5%
  • Financial Transactions, 4%

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