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Industrial accountant vs junior accountant

The differences between industrial accountants and junior 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 junior accountant. Additionally, a junior accountant has an average salary of $50,444, 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 junior accountant are reconciliations, general ledger accounts, and account reconciliations.

Industrial accountant vs junior accountant overview

Industrial AccountantJunior Accountant
Yearly salary$43,267$50,444
Hourly rate$20.80$24.25
Growth rate6%6%
Number of jobs42,22657,892
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 70%
Average age4444
Years of experience44

Industrial accountant vs junior accountant salary

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

Industrial AccountantJunior Accountant
Average salary$43,267$50,444
Salary rangeBetween $25,000 And $72,000Between $38,000 And $66,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Fuhu
Best paying industry-Construction

Differences between industrial accountant and junior accountant education

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

Industrial AccountantJunior Accountant
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 70%
Most common majorBusinessAccounting
Most common collegeHoward UniversityUniversity of Pennsylvania

Industrial accountant vs junior accountant demographics

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

Industrial AccountantJunior Accountant
Average age4444
Gender ratioMale, 47.8% Female, 52.2%Male, 39.6% Female, 60.4%
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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between industrial accountant and junior 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.

Junior accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
  • Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
  • Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
  • Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
  • Deposit checks into lockbox and post to funds to proper accounts daily.
  • Show more

Industrial accountant vs junior accountant skills

Common industrial accountant skills
  • Financial Statements, 49%
  • Reconciliations, 44%
  • Payroll, 7%
Common junior accountant skills
  • Reconciliations, 18%
  • General Ledger Accounts, 8%
  • Account Reconciliations, 5%
  • Data Entry, 5%
  • QuickBooks, 4%
  • Payroll Taxes, 4%

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