Medical accountant vs general ledger accountant

The differences between medical accountants and general ledger 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 medical accountant and a general ledger accountant. Additionally, a general ledger accountant has an average salary of $60,034, which is higher than the $43,023 average annual salary of a medical accountant.

The top three skills for a medical accountant include medical billing, reconciliations and patient accounts. The most important skills for a general ledger accountant are reconciliations, GAAP, and balance sheet accounts.

Medical accountant vs general ledger accountant overview

	Medical Accountant	General Ledger Accountant
Yearly salary	$43,023	$60,034
Hourly rate	$20.68	$28.86
Growth rate	6%	6%
Number of jobs	79,480	81,408
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 76%
Average age	44	44
Years of experience	4	4

Medical accountant vs general ledger accountant salary

Medical accountants and general ledger accountants have different pay scales, as shown below.

	Medical Accountant	General Ledger Accountant
Average salary	$43,023	$60,034
Salary range	Between $25,000 And $71,000	Between $47,000 And $76,000
Highest paying City	Nashua, NH	Washington, DC
Highest paying state	New York	California
Best paying company	LifePoint Health	Citi
Best paying industry	Health Care	Technology

Differences between medical accountant and general ledger accountant education

There are a few differences between a medical accountant and a general ledger accountant in terms of educational background:

	Medical Accountant	General Ledger Accountant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 76%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Medical accountant vs general ledger accountant demographics

Here are the differences between medical accountants' and general ledger accountants' demographics:

	Medical Accountant	General Ledger Accountant
Average age	44	44
Gender ratio	Male, 27.3% Female, 72.7%	Male, 36.9% Female, 63.1%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.0% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between medical accountant and general ledger accountant duties and responsibilities

Medical accountant example responsibilities.

Maintain and order supplies, manage medical office, prepare office payroll.
Process all payroll deduction for employees that have outstanding balances including setting up new contracts and managing current deductions.
Post all EOB payments and adjustments.
File and forward secondary claims and process appeals.
Perform payment postings, deposit reconciliations, batch reviews, and adjustments.
Enter vendor invoices and cut checks on a bi-weekly basis using QuickBooks.

General ledger accountant example responsibilities.

Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Perform account analysis, cost accruals, bank reconciliations, inventory reconciliation and analysis; research and recommend transaction corrections.
Maintain ERP general ledger and data in sub module, and perform the expenditure review according to budgeting.
Prepare monthly, reconciliations of subsidiary ledgers to general ledger control accounts.
Reconcile general ledger accounts which including preparing journal entries and accruals in preparation of consolidate financial reports.
Prepare various monthly journal entries to record prepay insurance amortization, payroll deduction liabilities and other liability accruals.

Medical accountant vs general ledger accountant skills

Common medical accountant skills

Medical Billing, 21%
Reconciliations, 16%
Patient Accounts, 11%
EOB, 10%
Appeals, 10%
Financial Reports, 8%

Common general ledger accountant skills

Reconciliations, 15%
GAAP, 6%
Balance Sheet Accounts, 6%
Payroll, 5%
Accruals, 5%
External Auditors, 4%

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Medical Accountant vs General Ledger Accountant

Updated January 8, 2025

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