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The differences between inventory accountants and senior accountant analysts 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 senior accountant analyst. Additionally, a senior accountant analyst has an average salary of $75,282, 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 senior accountant analyst are reconciliations, external auditors, and account reconciliations.
| Inventory Accountant | Senior Accountant Analyst | |
| Yearly salary | $59,285 | $75,282 |
| Hourly rate | $28.50 | $36.19 |
| Growth rate | 6% | 6% |
| Number of jobs | 56,492 | 82,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
As a senior accountant analyst, your main role is to provide professional guidance to a company. You need to have excellent preparation skills to create financial reports that clearly state the expenses and forecast the company's financial future. You should always aim for accuracy and compliance. Moreover, as a senior accountant analyst, you are supposed to give general operational assistance to the company's management.
Inventory accountants and senior accountant analysts have different pay scales, as shown below.
| Inventory Accountant | Senior Accountant Analyst | |
| Average salary | $59,285 | $75,282 |
| Salary range | Between $46,000 And $76,000 | Between $58,000 And $97,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | RH | BMO Capital Markets |
| Best paying industry | Energy | Finance |
There are a few differences between an inventory accountant and a senior accountant analyst in terms of educational background:
| Inventory Accountant | Senior Accountant Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between inventory accountants' and senior accountant analysts' demographics:
| Inventory Accountant | Senior Accountant Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.6% Female, 49.4% | Male, 49.4% Female, 50.6% |
| 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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |