Procurement accountant vs general ledger accountant

The differences between procurement 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 procurement accountant and a general ledger accountant. Additionally, a procurement accountant has an average salary of $68,944, which is higher than the $60,034 average annual salary of a general ledger accountant.

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

Procurement accountant vs general ledger accountant overview

	Procurement Accountant	General Ledger Accountant
Yearly salary	$68,944	$60,034
Hourly rate	$33.15	$28.86
Growth rate	6%	6%
Number of jobs	36,267	81,408
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 76%
Average age	44	44
Years of experience	4	4

Procurement accountant vs general ledger accountant salary

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

	Procurement Accountant	General Ledger Accountant
Average salary	$68,944	$60,034
Salary range	Between $46,000 And $102,000	Between $47,000 And $76,000
Highest paying City	-	Washington, DC
Highest paying state	-	California
Best paying company	-	Citi
Best paying industry	-	Technology

Differences between procurement accountant and general ledger accountant education

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

	Procurement Accountant	General Ledger Accountant
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 76%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Procurement accountant vs general ledger accountant demographics

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

	Procurement Accountant	General Ledger Accountant
Average age	44	44
Gender ratio	Male, 57.7% Female, 42.3%	Male, 36.9% Female, 63.1%
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, 8.4% 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 procurement accountant and general ledger 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.

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.

Procurement accountant vs general ledger accountant skills

Common procurement accountant skills

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

Common general ledger accountant skills

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

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Procurement Accountant
Procurement Accountant vs General Ledger Accountant

Updated January 8, 2025

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