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The differences between forensic accountants and general ledger 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 forensic accountant and a general ledger accountant. Additionally, a forensic accountant has an average salary of $66,833, which is higher than the $60,034 average annual salary of a general ledger accountant.
The top three skills for a forensic accountant include CPA, litigation and forensic accounting. The most important skills for a general ledger accountant are reconciliations, GAAP, and balance sheet accounts.
| Forensic Accountant | General Ledger Accountant | |
| Yearly salary | $66,833 | $60,034 |
| Hourly rate | $32.13 | $28.86 |
| Growth rate | 6% | 6% |
| Number of jobs | 39,176 | 81,408 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Working close together with law enforcement agencies, a forensic accountant specializes in investigating potential fraud and financial crimes. Their responsibilities typically include performing extensive research and analysis, gathering and analyzing various forms of financial data and storage, reviewing and validating documents, verifying information, and conducting internal and external financial audits. Most of the time, a forensic accountant presents research findings to lawyers and judges as evidence, which will require them to participate and testify in court proceedings.
A general ledger accountant is in charge of ensuring the accuracy of a company's overall accounting processes and information. It is their responsibility to communicate with different departments and officials to gather necessary data, conduct extensive audits, prepare documentation and reports, maintain financial data on the company ledger, and interpret financial information. Furthermore, like a general ledger accountant, it is essential to monitor the progress of accounting processes, all while implementing the company's policies and regulations.
Forensic accountants and general ledger accountants have different pay scales, as shown below.
| Forensic Accountant | General Ledger Accountant | |
| Average salary | $66,833 | $60,034 |
| Salary range | Between $44,000 And $100,000 | Between $47,000 And $76,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Rhode Island | California |
| Best paying company | Berkeley Research Group | Citi |
| Best paying industry | Finance | Technology |
There are a few differences between a forensic accountant and a general ledger accountant in terms of educational background:
| Forensic Accountant | General Ledger Accountant | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between forensic accountants' and general ledger accountants' demographics:
| Forensic Accountant | General Ledger Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 36.9% Female, 63.1% |
| Race ratio | Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5% | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.0% White, 61.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |