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Industrial accountant vs fixed asset accountant

The differences between industrial 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 an industrial accountant and a fixed asset accountant. Additionally, a fixed asset accountant has an average salary of $59,691, which is higher than the $43,267 average annual salary of an industrial accountant.

The top three skills for an industrial accountant include financial statements, reconciliations and payroll. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.

Industrial accountant vs fixed asset accountant overview

Industrial AccountantFixed Asset Accountant
Yearly salary$43,267$59,691
Hourly rate$20.80$28.70
Growth rate6%6%
Number of jobs42,22642,860
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 77%
Average age4444
Years of experience44

Industrial accountant vs fixed asset accountant salary

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

Industrial AccountantFixed Asset Accountant
Average salary$43,267$59,691
Salary rangeBetween $25,000 And $72,000Between $46,000 And $76,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Apple
Best paying industry-Energy

Differences between industrial accountant and fixed asset accountant education

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

Industrial AccountantFixed Asset Accountant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 77%
Most common majorBusinessAccounting
Most common collegeHoward UniversityUniversity of Pennsylvania

Industrial accountant vs fixed asset accountant demographics

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

Industrial AccountantFixed Asset Accountant
Average age4444
Gender ratioMale, 47.8% Female, 52.2%Male, 43.8% Female, 56.2%
Race ratioBlack or African American, 5.7% Unknown, 3.8% Hispanic or Latino, 7.9% Asian, 13.1% White, 69.1% American Indian and Alaska Native, 0.4%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 Percentage7%7%

Differences between industrial accountant and fixed asset accountant duties and responsibilities

Industrial accountant example responsibilities.

  • Manage accounting operations, accounting close, account reporting and reconciliations.
  • Automate accounting processes via excel - bank statement reconciliations, recurring journal entries etc.
  • Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
  • Respond to questions from business units regarding general accounting and/or PeopleSoft system matters and investigate and resolve GL accounting inconsistencies.

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.
  • Show more

Industrial accountant vs fixed asset accountant skills

Common industrial accountant skills
  • Financial Statements, 49%
  • Reconciliations, 44%
  • Payroll, 7%
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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