Procurement accountant vs tax accountant

The differences between procurement accountants and tax 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 tax accountant. Additionally, a procurement accountant has an average salary of $68,944, which is higher than the $62,142 average annual salary of a tax accountant.

The top three skills for a procurement accountant include GAAP, balance sheet accounts and accruals. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.

Procurement accountant vs tax accountant overview

	Procurement Accountant	Tax Accountant
Yearly salary	$68,944	$62,142
Hourly rate	$33.15	$29.88
Growth rate	6%	6%
Number of jobs	36,267	57,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	4	4

Procurement accountant vs tax accountant salary

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

	Procurement Accountant	Tax Accountant
Average salary	$68,944	$62,142
Salary range	Between $46,000 And $102,000	Between $45,000 And $83,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Pacific Investment Management Company LLC
Best paying industry	-	Finance

Differences between procurement accountant and tax accountant education

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

	Procurement Accountant	Tax Accountant
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Procurement accountant vs tax accountant demographics

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

	Procurement Accountant	Tax Accountant
Average age	44	44
Gender ratio	Male, 57.7% Female, 42.3%	Male, 47.3% Female, 52.7%
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, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between procurement accountant and tax 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.

Tax accountant example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Manage and prepare sales and use tax account reconciliations and property tax liability accounts and prepare corresponding journal entries.
Prepared/Review financial statements according to GAAP and propose adjusting entries for clients.
Prepare tax returns for corporations, partnerships, non-profit organizations and individuals.
Work with various accounting departments, with duties such as account reconciliations, customer service, and administrative/clerical positions.
SAP, ONESOURCE, YESWIN, and BSAEfiling

Procurement accountant vs tax accountant skills

Common procurement accountant skills

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

Common tax accountant skills

CPA, 9%
Tax Audits, 4%
Income Tax Returns, 4%
Tax Research, 4%
Reconciliations, 4%
Financial Statements, 4%

Procurement Accountant vs. similar jobs

Procurement Accountant related careers

Procurement Accountant related jobs

What similar roles do

Zippia Careers
Business and Financial Industry
Procurement Accountant
Procurement Accountant vs Tax Accountant

Updated January 8, 2025

Browse business and financial jobs