Industrial accountant vs tax accountant

The differences between industrial accountants and tax 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 tax accountant. Additionally, a tax accountant has an average salary of $62,142, 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 tax accountant are CPA, tax audits, and income tax returns.

Industrial accountant vs tax accountant overview

	Industrial Accountant	Tax Accountant
Yearly salary	$43,267	$62,142
Hourly rate	$20.80	$29.88
Growth rate	6%	6%
Number of jobs	42,226	57,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

Industrial accountant vs tax accountant salary

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

	Industrial Accountant	Tax Accountant
Average salary	$43,267	$62,142
Salary range	Between $25,000 And $72,000	Between $45,000 And $83,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Pacific Investment Management Company LLC
Best paying industry	-	Finance

Differences between industrial accountant and tax accountant education

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

	Industrial Accountant	Tax Accountant
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 72%
Most common major	Business	Accounting
Most common college	Howard University	University of Pennsylvania

Industrial accountant vs tax accountant demographics

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

	Industrial Accountant	Tax Accountant
Average age	44	44
Gender ratio	Male, 47.8% Female, 52.2%	Male, 47.3% Female, 52.7%
Race ratio	Black 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, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between industrial accountant and tax 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.

Tax accountant example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Manage and prepare sales and use tax account reconciliations and property tax liability accounts and prepare corresponding journal entries.
Prepared/Review financial statements according to GAAP and propose adjusting entries for clients.
Prepare tax returns for corporations, partnerships, non-profit organizations and individuals.
Work with various accounting departments, with duties such as account reconciliations, customer service, and administrative/clerical positions.
SAP, ONESOURCE, YESWIN, and BSAEfiling

Industrial accountant vs tax accountant skills

Common industrial accountant skills

Financial Statements, 49%
Reconciliations, 44%
Payroll, 7%

Common tax accountant skills

CPA, 9%
Tax Audits, 4%
Income Tax Returns, 4%
Tax Research, 4%
Reconciliations, 4%
Financial Statements, 4%