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The differences between managers/finance accounting 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 manager/finance accounting and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $91,315 average annual salary of a manager/finance accounting.
The top three skills for a manager/finance accounting include customer service, CPA and GAAP. The most important skills for a cash manager are customer service, cash management, and treasury.
| Manager/Finance Accounting | Cash Manager | |
| Yearly salary | $91,315 | $93,363 |
| Hourly rate | $43.90 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 132,824 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
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.
Managers/finance accounting and cash managers have different pay scales, as shown below.
| Manager/Finance Accounting | Cash Manager | |
| Average salary | $91,315 | $93,363 |
| Salary range | Between $65,000 And $127,000 | Between $66,000 And $130,000 |
| Highest paying City | New York, NY | Redding, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Mayo Clinic | PVH |
| Best paying industry | Government | Manufacturing |
There are a few differences between a manager/finance accounting and a cash manager in terms of educational background:
| Manager/Finance Accounting | Cash Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers/finance accounting' and cash managers' demographics:
| Manager/Finance Accounting | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% 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% |