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The differences between project 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 project accountant and a general ledger accountant. Additionally, a project accountant has an average salary of $60,467, which is higher than the $60,034 average annual salary of a general ledger accountant.
The top three skills for a project accountant include reconciliations, project management and contract terms. The most important skills for a general ledger accountant are reconciliations, GAAP, and balance sheet accounts.
| Project Accountant | General Ledger Accountant | |
| Yearly salary | $60,467 | $60,034 |
| Hourly rate | $29.07 | $28.86 |
| Growth rate | 6% | 6% |
| Number of jobs | 43,672 | 81,408 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| 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 general ledger accountant is in charge of ensuring the accuracy of a company's overall accounting processes and information. It is their responsibility to communicate with different departments and officials to gather necessary data, conduct extensive audits, prepare documentation and reports, maintain financial data on the company ledger, and interpret financial information. Furthermore, like a general ledger accountant, it is essential to monitor the progress of accounting processes, all while implementing the company's policies and regulations.
Project accountants and general ledger accountants have different pay scales, as shown below.
| Project Accountant | General Ledger Accountant | |
| Average salary | $60,467 | $60,034 |
| Salary range | Between $46,000 And $79,000 | Between $47,000 And $76,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | New Jersey | California |
| Best paying company | Perficient | Citi |
| Best paying industry | Professional | Technology |
There are a few differences between a project accountant and a general ledger accountant in terms of educational background:
| Project Accountant | General Ledger Accountant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project accountants' and general ledger accountants' demographics:
| Project Accountant | General Ledger Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 36.8% Female, 63.2% | Male, 36.9% Female, 63.1% |
| 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, 10.8% Asian, 15.0% White, 61.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |