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Junior accountant vs revenue accountant

The differences between junior accountants and revenue accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a junior accountant and a revenue accountant. Additionally, a revenue accountant has an average salary of $66,015, which is higher than the $50,444 average annual salary of a junior accountant.

The top three skills for a junior accountant include reconciliations, general ledger accounts and account reconciliations. The most important skills for a revenue accountant are reconciliations, GAAP, and pivot tables.

Junior accountant vs revenue accountant overview

Junior AccountantRevenue Accountant
Yearly salary$50,444$66,015
Hourly rate$24.25$31.74
Growth rate6%6%
Number of jobs57,89239,874
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 75%
Average age4444
Years of experience44

What does a junior accountant do?

Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.

What does a revenue accountant do?

A revenue accountant is responsible for monitoring clients' payments, tracking financial transactions, and resolving billing discrepancies and reconciliations. Revenue accountants release invoices and collect payments from outstanding debts. They also identify business opportunities and client partnerships to generate more revenue resources and increase the company's profitability, keeping efficient and safe storage of all account information in the database. A revenue accountant writes comprehensive reports for management's reference, requiring them to have excellent communication skills and accounting principles knowledge.

Junior accountant vs revenue accountant salary

Junior accountants and revenue accountants have different pay scales, as shown below.

Junior AccountantRevenue Accountant
Average salary$50,444$66,015
Salary rangeBetween $38,000 And $66,000Between $48,000 And $89,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkNew Jersey
Best paying companyFuhuGoogle
Best paying industryConstructionTechnology

Differences between junior accountant and revenue accountant education

There are a few differences between a junior accountant and a revenue accountant in terms of educational background:

Junior AccountantRevenue Accountant
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Junior accountant vs revenue accountant demographics

Here are the differences between junior accountants' and revenue accountants' demographics:

Junior AccountantRevenue Accountant
Average age4444
Gender ratioMale, 39.6% Female, 60.4%Male, 40.0% Female, 60.0%
Race ratioBlack or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 14.5% White, 61.7% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between junior accountant and revenue accountant duties and responsibilities

Junior accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
  • Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
  • Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
  • Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
  • Deposit checks into lockbox and post to funds to proper accounts daily.
  • Show more

Revenue accountant example responsibilities.

  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Upload project statements of work and changes in scope into ERP system, ensuring accurate invoicing and revenue recognition.
  • Execute and maintain supporting documentation for SOX internal controls
  • Provide GAAP considerations for complex revenue transactions including audit documentation.
  • General accounting functions, including adjusting journal entries, reconciliations of global accounts including defer revenue and accruals.
  • Prepare monthly journal entries and balance sheet reconciliations for numerous domestic and international revenue accounts using foreign exchange rates.
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Junior accountant vs revenue accountant skills

Common junior accountant skills
  • Reconciliations, 18%
  • General Ledger Accounts, 8%
  • Account Reconciliations, 5%
  • Data Entry, 5%
  • QuickBooks, 4%
  • Payroll Taxes, 4%
Common revenue accountant skills
  • Reconciliations, 18%
  • GAAP, 10%
  • Pivot Tables, 5%
  • Financial Statements, 5%
  • SOX, 5%
  • Accruals, 5%

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