General accountant vs fixed asset accountant

The differences between general 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 general accountant and a fixed asset accountant. Additionally, a fixed asset accountant has an average salary of $59,691, which is higher than the $55,043 average annual salary of a general accountant.

The top three skills for a general accountant include financial data, reconciliations and cash handling. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.

General accountant vs fixed asset accountant overview

	General Accountant	Fixed Asset Accountant
Yearly salary	$55,043	$59,691
Hourly rate	$26.46	$28.70
Growth rate	6%	6%
Number of jobs	87,663	42,860
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	4	4

What does a general accountant do?

A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.

What does a fixed asset accountant do?

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.

General accountant vs fixed asset accountant salary

General accountants and fixed asset accountants have different pay scales, as shown below.

	General Accountant	Fixed Asset Accountant
Average salary	$55,043	$59,691
Salary range	Between $40,000 And $73,000	Between $46,000 And $76,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	New Jersey	New York
Best paying company	Apple	Apple
Best paying industry	Automotive	Energy

Differences between general accountant and fixed asset accountant education

There are a few differences between a general accountant and a fixed asset accountant in terms of educational background:

	General Accountant	Fixed Asset Accountant
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

General accountant vs fixed asset accountant demographics

Here are the differences between general accountants' and fixed asset accountants' demographics:

	General Accountant	Fixed Asset Accountant
Average age	44	44
Gender ratio	Male, 43.1% Female, 56.9%	Male, 43.8% Female, 56.2%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% 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%

Differences between general accountant and fixed asset accountant duties and responsibilities

General accountant example responsibilities.

Manage payroll functions, financial statements, accounts payable, basic job cost, account analysis, accruals, year-end audits.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Assist manager with cash flow, preparing financial statement, BBC, and report to CPA.
Create budget at beginning and coordinate CPA firm's audit at the end of year.
Assist in any kind of audit engagement (internal control, external, SOX, etc . )
Provide support for the controller with period-end close accruals and journal entries and assist in various duties and responsibilities.

Fixed asset accountant example responsibilities.

Lead the discussions on the level of asset componentization with respect to compliance IFRS standards.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Monitor purchase orders and calculate month-end accruals.
Support internal and external audit requirements and verify SOX documentation.
Calculate and reconcile deferred rent liability accruals for office leases.
Set up a consolidate and centralize SOX depository for require documentation.

General accountant vs fixed asset accountant skills

Common general accountant skills

Financial Data, 11%
Reconciliations, 10%
Cash Handling, 9%
Vendor Invoices, 6%
General Ledger Accounts, 6%
Account Reconciliations, 5%

Common fixed asset accountant skills

Fixed Assets, 16%
Reconciliations, 8%
Asset System, 6%
GAAP, 5%
Financial Statements, 4%
Account Reconciliations, 4%

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General Accountant vs Fixed Asset Accountant

Updated January 8, 2025

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