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The differences between project accountants and fixed asset 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 project accountant and a fixed asset accountant. Additionally, a project accountant has an average salary of $60,467, which is higher than the $59,691 average annual salary of a fixed asset accountant.
The top three skills for a project accountant include reconciliations, project management and contract terms. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.
| Project Accountant | Fixed Asset Accountant | |
| Yearly salary | $60,467 | $59,691 |
| Hourly rate | $29.07 | $28.70 |
| Growth rate | 6% | 6% |
| Number of jobs | 43,672 | 42,860 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
A fixed asset accountant is responsible for processing statement reports for the company's assets, organizing account records, and handling bank reconciliations and disputes. Fixed asset accountants must have excellent knowledge of the accounting principles to determine and track the assets dispositions in various accounting systems for reference. They also ensure the accurate balance and calculate the value of all fixed assets for reports. A fixed asset accountant should be highly analytical to measure asset obligations and provide recommendations for asset acquisition.
Project accountants and fixed asset accountants have different pay scales, as shown below.
| Project Accountant | Fixed Asset Accountant | |
| Average salary | $60,467 | $59,691 |
| Salary range | Between $46,000 And $79,000 | Between $46,000 And $76,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Perficient | Apple |
| Best paying industry | Professional | Energy |
There are a few differences between a project accountant and a fixed asset accountant in terms of educational background:
| Project Accountant | Fixed Asset Accountant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 77% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project accountants' and fixed asset accountants' demographics:
| Project Accountant | Fixed Asset Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 36.8% Female, 63.2% | Male, 43.8% Female, 56.2% |
| 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, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |