Inventory accountant vs inventory control analyst

The differences between inventory accountants and inventory control analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, an inventory accountant has an average salary of $59,285, which is higher than the $54,184 average annual salary of an inventory control analyst.

The top three skills for an inventory accountant include reconciliations, financial statements and external auditors. The most important skills for an inventory control analyst are logistics, inventory control procedures, and inventory management.

Inventory accountant vs inventory control analyst overview

	Inventory Accountant	Inventory Control Analyst
Yearly salary	$59,285	$54,184
Hourly rate	$28.50	$26.05
Growth rate	6%	23%
Number of jobs	56,492	48,044
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 60%
Average age	44	45
Years of experience	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 an inventory control analyst do?

An Inventory Control Analyst is responsible for managing the adequacy of inventories for distribution and business operations. Inventory Control Analysts inspect the quality of tools and materials required for the production and identify cost-reduction opportunities without compromising the quality standards. They also perform administrative and clerical duties, such as filing reports, creating purchase requests, processing customers' orders and payments, and overseeing sales targets. An Inventory Control Analyst must have excellent organizational and computer skills, especially handling and updating databases and updating information for accurate reference.

Inventory accountant vs inventory control analyst salary

Inventory accountants and inventory control analysts have different pay scales, as shown below.

	Inventory Accountant	Inventory Control Analyst
Average salary	$59,285	$54,184
Salary range	Between $46,000 And $76,000	Between $39,000 And $74,000
Highest paying City	San Francisco, CA	Oakland, CA
Highest paying state	California	Delaware
Best paying company	RH	VF
Best paying industry	Energy	Transportation

Differences between inventory accountant and inventory control analyst education

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

	Inventory Accountant	Inventory Control Analyst
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 60%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Southern California

Inventory accountant vs inventory control analyst demographics

Here are the differences between inventory accountants' and inventory control analysts' demographics:

	Inventory Accountant	Inventory Control Analyst
Average age	44	45
Gender ratio	Male, 50.6% Female, 49.4%	Male, 56.6% Female, 43.4%
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, 12.5% Unknown, 6.0% Hispanic or Latino, 14.6% Asian, 8.4% White, 57.8% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	9%

Differences between inventory accountant and inventory control analyst 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.

Inventory control analyst example responsibilities.

Manage the implementation and roll-out of SharePoint as a team collaboration and document management tool.
Prepare weekly and monthly inventory control and performance reporting from the data collect in the warehouse management system (WMS).
Coordinate the procurement, logistics, inventory management, and supplier relations operations.
Document all the new processes create and include them in the ISO procedures.
Create and set up - new item numbers, UPC codes and BOM in company database.
Procure materials base on MRP analysis to support marketing plan and follow up with vendors to ensure availability.

Inventory accountant vs inventory control analyst skills

Common inventory accountant skills

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

Common inventory control analyst skills

Logistics, 10%
Inventory Control Procedures, 7%
Inventory Management, 5%
WMS, 5%
Purchase Orders, 5%
Process Improvement, 5%

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Inventory Accountant vs Inventory Control Analyst

Updated January 8, 2025

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