General ledger accountant vs fixed asset accountant

The differences between general ledger 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 ledger accountant and a fixed asset accountant. Additionally, a general ledger accountant has an average salary of $60,034, which is higher than the $59,691 average annual salary of a fixed asset accountant.

The top three skills for a general ledger accountant include reconciliations, GAAP and balance sheet accounts. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.

General ledger accountant vs fixed asset accountant overview

	General Ledger Accountant	Fixed Asset Accountant
Yearly salary	$60,034	$59,691
Hourly rate	$28.86	$28.70
Growth rate	6%	6%
Number of jobs	81,408	42,860
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	4	4

What does a general ledger accountant do?

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.

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 ledger accountant vs fixed asset accountant salary

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

	General Ledger Accountant	Fixed Asset Accountant
Average salary	$60,034	$59,691
Salary range	Between $47,000 And $76,000	Between $46,000 And $76,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	California	New York
Best paying company	Citi	Apple
Best paying industry	Technology	Energy

Differences between general ledger accountant and fixed asset accountant education

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

	General Ledger Accountant	Fixed Asset Accountant
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

General ledger accountant vs fixed asset accountant demographics

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

	General Ledger Accountant	Fixed Asset Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 43.8% Female, 56.2%
Race ratio	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%	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 ledger accountant and fixed asset accountant duties and responsibilities

General ledger accountant example responsibilities.

Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Perform account analysis, cost accruals, bank reconciliations, inventory reconciliation and analysis; research and recommend transaction corrections.
Maintain ERP general ledger and data in sub module, and perform the expenditure review according to budgeting.
Prepare monthly, reconciliations of subsidiary ledgers to general ledger control accounts.
Reconcile general ledger accounts which including preparing journal entries and accruals in preparation of consolidate financial reports.
Prepare various monthly journal entries to record prepay insurance amortization, payroll deduction liabilities and other liability accruals.

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 ledger accountant vs fixed asset accountant skills

Common general ledger accountant skills

Reconciliations, 15%
GAAP, 6%
Balance Sheet Accounts, 6%
Payroll, 5%
Accruals, 5%
External Auditors, 4%

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 Ledger Accountant vs Fixed Asset Accountant

Updated January 8, 2025

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