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Inventory auditor vs revenue auditor

The differences between inventory auditors and revenue auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a revenue auditor has an average salary of $41,905, which is higher than the $33,666 average annual salary of an inventory auditor.

The top three skills for an inventory auditor include customer service, basic math and sales floor. The most important skills for a revenue auditor are revenue audit, CPT, and audit procedures.

Inventory auditor vs revenue auditor overview

Inventory AuditorRevenue Auditor
Yearly salary$33,666$41,905
Hourly rate$16.19$20.15
Growth rate6%6%
Number of jobs37,88721,643
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 53%
Average age4444
Years of experience--

What does an inventory auditor do?

Inventory auditors are responsible for creating and monitoring inventory reports as well as recording various products and stocks. Often, Inventory Auditor works full-time hours inside a warehouse and delivery company, business establishment, Malls, and other management company. The job also includes traveling to different locations and work with multiple industries. Counts the item stock's quantity and compares the inventory record to physical inventory to ensure that the number matches with the supply amount and there is no missing product.

What does a revenue auditor do?

A revenue auditor reads through the organization's finances and records revenue derived from the sale of goods and services. They then create reports indicating all their calculations and recommendations to ensure the organization runs effectively and makes a profit. Their duties and responsibilities include preparing a detailed report on the organization's finances and offering recommendations. Auditors also report cases of fraud or misuse of funds.

Inventory auditor vs revenue auditor salary

Inventory auditors and revenue auditors have different pay scales, as shown below.

Inventory AuditorRevenue Auditor
Average salary$33,666$41,905
Salary rangeBetween $26,000 And $42,000Between $26,000 And $66,000
Highest paying CityNew York, NYOlympia, WA
Highest paying stateAlaskaWashington
Best paying companyBDHuntington Hospital
Best paying industryTechnologyRetail

Differences between inventory auditor and revenue auditor education

There are a few differences between an inventory auditor and a revenue auditor in terms of educational background:

Inventory AuditorRevenue Auditor
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 53%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Inventory auditor vs revenue auditor demographics

Here are the differences between inventory auditors' and revenue auditors' demographics:

Inventory AuditorRevenue Auditor
Average age4444
Gender ratioMale, 53.3% Female, 46.7%Male, 39.4% Female, 60.6%
Race ratioBlack or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between inventory auditor and revenue auditor duties and responsibilities

Inventory auditor example responsibilities.

  • Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
  • Process price adjustments, correct inventory in the AS400 system.
  • Perform research in WMS, and report problem and perform final confirmation of correction.
  • Perform daily warehouse audits using AS400 verifying product quantity, location, and shipping information.
  • Travel to different stores and take account of store's inventory using a microcomputer and a RF scanner.
  • Inventory merchandise with the use of the RF system, audit trailers, investigate and communicate discrepancies and cycle count merchandise.
    • Show more

Revenue auditor example responsibilities.

  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Respond both written and oral to taxpayer's appeals regardingadjustments and assessments to their income tax returns and/or estimate tax accounts.
  • Work with revenue integrity, case management, and coding to ensure proper billing and appeals.
  • Perform audits on hospitals participating in Medicaid program to ensure the hospitals are reimburse properly for services render to Medicaid beneficiaries.
  • Develop user documentation, including SAAS reference manuals and training material.

Inventory auditor vs revenue auditor skills

Common inventory auditor skills
  • Customer Service, 22%
  • Basic Math, 20%
  • Sales Floor, 7%
  • Inventory Audits, 7%
  • Computer Data, 6%
  • Organizational Effectiveness, 6%
Common revenue auditor skills
  • Revenue Audit, 19%
  • CPT, 7%
  • Audit Procedures, 5%
  • Data Entry, 5%
  • Appeals, 4%
  • Financial Statements, 4%

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Updated January 8, 2025

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