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The differences between fund 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 fund accountant and a fixed asset accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $59,691 average annual salary of a fixed asset accountant.
The top three skills for a fund accountant include reconciliations, calculation and securities. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.
| Fund Accountant | Fixed Asset Accountant | |
| Yearly salary | $60,203 | $59,691 |
| Hourly rate | $28.94 | $28.70 |
| Growth rate | 6% | 6% |
| Number of jobs | 35,702 | 42,860 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.
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.
Fund accountants and fixed asset accountants have different pay scales, as shown below.
| Fund Accountant | Fixed Asset Accountant | |
| Average salary | $60,203 | $59,691 |
| Salary range | Between $44,000 And $80,000 | Between $46,000 And $76,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Warburg Pincus | Apple |
| Best paying industry | Finance | Energy |
There are a few differences between a fund accountant and a fixed asset accountant in terms of educational background:
| Fund Accountant | Fixed Asset Accountant | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 77% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fund accountants' and fixed asset accountants' demographics:
| Fund Accountant | Fixed Asset Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 61.5% Female, 38.5% | Male, 43.8% Female, 56.2% |
| Race ratio | Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% 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% |