Procurement accountant vs accountant

The differences between procurement accountants and 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 procurement accountant and an accountant. Additionally, a procurement accountant has an average salary of $68,944, which is higher than the $54,890 average annual salary of an accountant.

The top three skills for a procurement accountant include GAAP, balance sheet accounts and accruals. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Procurement accountant vs accountant overview

	Procurement Accountant	Accountant
Yearly salary	$68,944	$54,890
Hourly rate	$33.15	$26.39
Growth rate	6%	6%
Number of jobs	36,267	60,073
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 71%
Average age	44	44
Years of experience	4	4

Procurement accountant vs accountant salary

Procurement accountants and accountants have different pay scales, as shown below.

	Procurement Accountant	Accountant
Average salary	$68,944	$54,890
Salary range	Between $46,000 And $102,000	Between $41,000 And $72,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Technology

Differences between procurement accountant and accountant education

There are a few differences between a procurement accountant and an accountant in terms of educational background:

	Procurement Accountant	Accountant
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 71%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Procurement accountant vs accountant demographics

Here are the differences between procurement accountants' and accountants' demographics:

	Procurement Accountant	Accountant
Average age	44	44
Gender ratio	Male, 57.7% Female, 42.3%	Male, 38.2% Female, 61.8%
Race ratio	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.9% American Indian and Alaska Native, 0.5%	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between procurement accountant and accountant duties and responsibilities

Procurement accountant example responsibilities.

Manage month end close process including journal entries, departmental analysis and preparation of consolidate financial statements and account reconciliations.
Develop procedures for GAAP solutions in accordance with SOX, segregation of duties.
Code invoices to appropriate GL accounts.
Budget vendor accruals for the next fiscal year on a vendor, product and program level.
Reconcile purchase contract log balances with the SUNY on-line payment system to verify accuracy of balances.
Maintain the MarrStar database to ensure accuracy and timely availability of information for properties to provide transparency for SOX.

Accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.

Procurement accountant vs accountant skills

Common procurement accountant skills

GAAP, 42%
Balance Sheet Accounts, 38%
Accruals, 20%

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%