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Fiscal technician vs finance technician

The differences between fiscal technicians and finance technicians 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 finance technician. Additionally, a finance technician has an average salary of $45,251, 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 finance technician are financial reports, financial management, and review contracts.

Fiscal technician vs finance technician overview

Fiscal TechnicianFinance Technician
Yearly salary$38,696$45,251
Hourly rate$18.60$21.76
Growth rate-5%-5%
Number of jobs13,38489,668
Job satisfaction--
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 48%
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 finance technician do?

Finance technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.

Fiscal technician vs finance technician salary

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

Fiscal TechnicianFinance Technician
Average salary$38,696$45,251
Salary rangeBetween $29,000 And $50,000Between $30,000 And $67,000
Highest paying CityWalnut, CANew York, NY
Highest paying stateMassachusettsNew York
Best paying companyMt. San Antonio CollegeErnst & Young
Best paying industryNon ProfitsGovernment

Differences between fiscal technician and finance technician education

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

Fiscal TechnicianFinance Technician
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Fiscal technician vs finance technician demographics

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

Fiscal TechnicianFinance Technician
Average age5151
Gender ratioMale, 15.8% Female, 84.2%Male, 41.2% Female, 58.8%
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, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between fiscal technician and finance technician 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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Finance technician example responsibilities.

  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Transmit data to MAJCOM, HQ USAF, & DoD timely.
  • Provide debt management for the DOD and service members.
  • Process and review documents associate with PCS, ETS, retirement and/or separation.
  • Ensure that obligations are correct, record, and submits vouchers to DFAS for processing.
  • Network and coordinate with DFAS, civilian personnel or other resources to resolve complex problems.
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Fiscal technician vs finance technician skills

Common fiscal technician skills
  • Financial Reports, 11%
  • Data Entry, 9%
  • Purchase Orders, 8%
  • Payroll, 8%
  • Word Processing, 4%
  • Customer Service, 4%
Common finance technician skills
  • Financial Reports, 15%
  • Financial Management, 13%
  • Review Contracts, 10%
  • Financial Transactions, 8%
  • Treasury, 6%
  • Bonds, 4%

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