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The differences between management accounts managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a management accounts manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $91,681 average annual salary of a management accounts manager.
The top three skills for a management accounts manager include customer service, client facing and project management. The most important skills for a cash manager are customer service, cash management, and treasury.
| Management Accounts Manager | Cash Manager | |
| Yearly salary | $91,681 | $93,363 |
| Hourly rate | $44.08 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 113,871 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Management accounts managers and cash managers have different pay scales, as shown below.
| Management Accounts Manager | Cash Manager | |
| Average salary | $91,681 | $93,363 |
| Salary range | Between $66,000 And $125,000 | Between $66,000 And $130,000 |
| Highest paying City | Seattle, WA | Redding, CA |
| Highest paying state | Washington | California |
| Best paying company | Meta | PVH |
| Best paying industry | Energy | Manufacturing |
There are a few differences between a management accounts manager and a cash manager in terms of educational background:
| Management Accounts Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between management accounts managers' and cash managers' demographics:
| Management Accounts Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.6% Female, 51.4% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |