Inventory accountant vs fund accountant

The differences between inventory accountants and fund 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 inventory accountant and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $59,285 average annual salary of an inventory accountant.

The top three skills for an inventory accountant include reconciliations, financial statements and external auditors. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Inventory accountant vs fund accountant overview

	Inventory Accountant	Fund Accountant
Yearly salary	$59,285	$60,203
Hourly rate	$28.50	$28.94
Growth rate	6%	6%
Number of jobs	56,492	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

What does an inventory accountant do?

An inventory accountant is in charge of overseeing and managing the costs involving a company's inventory operations. It is their duty to monitor transactions, update general ledgers, gather and analyze data, perform audits and assessments, and produce regular inventory reports. They must also observe and be alert for any inconsistencies and discrepancies, dealing with them according to the policies and regulations. Moreover, an inventory accountant must maintain an active communication line with staff for a smooth and efficient workflow.

What does a fund accountant do?

A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.

Inventory accountant vs fund accountant salary

Inventory accountants and fund accountants have different pay scales, as shown below.

	Inventory Accountant	Fund Accountant
Average salary	$59,285	$60,203
Salary range	Between $46,000 And $76,000	Between $44,000 And $80,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	California	New York
Best paying company	RH	Warburg Pincus
Best paying industry	Energy	Finance

Differences between inventory accountant and fund accountant education

There are a few differences between an inventory accountant and a fund accountant in terms of educational background:

	Inventory Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Inventory accountant vs fund accountant demographics

Here are the differences between inventory accountants' and fund accountants' demographics:

	Inventory Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 50.6% Female, 49.4%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between inventory accountant and fund accountant duties and responsibilities

Inventory accountant example responsibilities.

Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Collaborate with external CPA firm in recording accumulate amortization/depreciation and extend tax returns.
Provide monthly consignment inventory balances to customers, roll-forward reports and reconciliations for goods in transit.
Perform both wire and ACH transfers on a weekly basis.
Prepare checks, including ACH transactions, wire transfers, web payments.
Review and verify paperwork for all vehicle purchases to satisfy SOX and internal audit procedures and standards.

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Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

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Inventory accountant vs fund accountant skills

Common inventory accountant skills

Reconciliations, 11%
Financial Statements, 4%
External Auditors, 4%
Internal Controls, 4%
Account Reconciliations, 4%
GAAP, 4%

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%

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Updated January 8, 2025

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