Project Accountant Vs Accounting Analyst

The differences between project accountants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a project accountant and an accounting analyst. Additionally, a project accountant has an average salary of $60,467, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for a project accountant include reconciliations, project management and contract terms. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Project accountant vs accounting analyst overview

	Project Accountant	Accounting Analyst
Yearly Salary	$60,467	$58,399
Hourly rate	$29.07	$28.08
Growth Rate	6%	6%
Number Of Jobs	43,672	81,097
Job Satisfaction	5	-
Most Common Degree	Bachelor's Degree, 72%	Bachelor's Degree, 74%
Average Age	44	44
Years Of Experience	4	4

What does a Project Accountant do?

A project accountant is primarily in charge of overseeing the budget and expenditures allocated for various projects within a company. Their responsibilities revolve around reviewing financial data and work plans, managing billing and financial reports, monitoring the flow of revenue, filing purchase orders and invoices, and processing payments to subcontractors, suppliers, and more. It is also vital to coordinate with all managing personnel to prepare necessary reports such as costs and taxes. Furthermore, it is essential to maintain data and records of all transactions, all while implementing the company's policies and regulations.

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

Project accountant vs accounting analyst salary

Project accountants and accounting analysts have different pay scales, as shown below.

	Project Accountant	Accounting Analyst
Average Salary	$60,467	$58,399
Salary Range	Between $46,000 And $79,000	Between $42,000 And $79,000
Highest Paying City	Washington, DC	San Francisco, CA
Highest Paying State	New Jersey	New York
Best Paying Company	Perficient	Google
Best Paying Industry	Professional	Finance

Differences between project accountant and accounting analyst education

There are a few differences between a project accountant and an accounting analyst in terms of educational background:

	Project Accountant	Accounting Analyst
Most Common Degree	Bachelor's Degree, 72%	Bachelor's Degree, 74%
Most Common Major	Accounting	Accounting
Most Common College	University of Pennsylvania	University of Pennsylvania

Project accountant vs accounting analyst demographics

Here are the differences between project accountants' and accounting analysts' demographics:

	Project Accountant	Accounting Analyst
Average Age	44	44
Gender Ratio	Male, 36.8% Female, 63.2%	Male, 41.6% Female, 58.4%
Race Ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5%	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between project accountant and accounting analyst duties and responsibilities

Project Accountant Example Responsibilities.

Maintain general ledgers, manage cash flow, prepare financial statements and bank reconciliations for multiple development and construction projects.
Assure timely accurate filing of all Medicare, Medicaid and commercial insurance claims.
Review the collection of Medicare, Medicaid and other receivables to ensure monthly goals are met.
Used DelTek to find discrepancies in employee charge hours.
Serve as major contributor in system conversion to new web-base ERP system.
Identify and rectify accounting errors that have incurred in the past and ensure adherence to IFRS.

Accounting Analyst Example Responsibilities.

Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
Manage reconciling monthly discrepancies between ERP transfers.
Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.

Project accountant vs accounting analyst skills

Common Project Accountant Skills

Reconciliations, 8%
Project Management, 6%
Contract Terms, 5%
Purchase Orders, 4%
Deltek, 4%
Revenue Recognition, 4%

Common Accounting Analyst Skills

Reconciliations, 12%
Customer Service, 7%
Account Reconciliations, 6%
GAAP, 5%
Strong Analytical, 4%
Payroll, 4%

Project Accountant vs. Similar Jobs

Project Accountant Related Careers

Project Accountant Related Jobs

What Similar Roles Do

Zippia Careers
Business and Financial Industry
Project Accountant
Project Accountant vs Accounting Analyst

Updated January 8, 2025

Browse business and financial jobs