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The differences between general ledger bookkeepers and general accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a general ledger bookkeeper, becoming a general accountant takes usually requires 2-4 years. Additionally, a general accountant has an average salary of $55,043, which is higher than the $44,940 average annual salary of a general ledger bookkeeper.
The top three skills for a general ledger bookkeeper include reconciliations, general ledger accounts and CPA. The most important skills for a general accountant are financial data, reconciliations, and cash handling.
| General Ledger Bookkeeper | General Accountant | |
| Yearly salary | $44,940 | $55,043 |
| Hourly rate | $21.61 | $26.46 |
| Growth rate | -5% | 6% |
| Number of jobs | 56,765 | 87,663 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 75% |
| Average age | 51 | 44 |
| Years of experience | 6 | 4 |
A general ledger bookkeeper conducts daily recording and maintenance of all of a business' financial transactions. These transactions include purchases, expenses, invoices, sales revenue, and payments, all of which are summarized in the general ledger. They are expected to prepare journal entries and ensure data is accurate. Furthermore, at the end of a specific period, they are expected to transfer the entries to the ledger. They ensure that the transactions reported meet accounting standards.
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.
General ledger bookkeepers and general accountants have different pay scales, as shown below.
| General Ledger Bookkeeper | General Accountant | |
| Average salary | $44,940 | $55,043 |
| Salary range | Between $34,000 And $59,000 | Between $40,000 And $73,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | New Jersey |
| Best paying company | - | Apple |
| Best paying industry | - | Automotive |
There are a few differences between a general ledger bookkeeper and a general accountant in terms of educational background:
| General Ledger Bookkeeper | General Accountant | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between general ledger bookkeepers' and general accountants' demographics:
| General Ledger Bookkeeper | General Accountant | |
| Average age | 51 | 44 |
| Gender ratio | Male, 28.3% Female, 71.7% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.1% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 7% | 7% |