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Industrial accountant vs general accountant

The differences between industrial accountants and general 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 general accountant. Additionally, a general accountant has an average salary of $55,043, 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 general accountant are financial data, reconciliations, and cash handling.

Industrial accountant vs general accountant overview

Industrial AccountantGeneral Accountant
Yearly salary$43,267$55,043
Hourly rate$20.80$26.46
Growth rate6%6%
Number of jobs42,22687,663
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 75%
Average age4444
Years of experience44

Industrial accountant vs general accountant salary

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

Industrial AccountantGeneral Accountant
Average salary$43,267$55,043
Salary rangeBetween $25,000 And $72,000Between $40,000 And $73,000
Highest paying City-Washington, DC
Highest paying state-New Jersey
Best paying company-Apple
Best paying industry-Automotive

Differences between industrial accountant and general accountant education

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

Industrial AccountantGeneral Accountant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeHoward UniversityUniversity of Pennsylvania

Industrial accountant vs general accountant demographics

Here are the differences between industrial accountants' and general accountants' demographics:

Industrial AccountantGeneral Accountant
Average age4444
Gender ratioMale, 47.8% Female, 52.2%Male, 43.1% Female, 56.9%
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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between industrial accountant and general 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.

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.
  • Show more

Industrial accountant vs general accountant skills

Common industrial accountant skills
  • Financial Statements, 49%
  • Reconciliations, 44%
  • Payroll, 7%
Common general accountant skills
  • Financial Data, 11%
  • Reconciliations, 10%
  • Cash Handling, 9%
  • Vendor Invoices, 6%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 5%

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