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Regional accountant vs project accountant

The differences between regional accountants and project 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 regional accountant and a project accountant. Additionally, a regional accountant has an average salary of $61,848, which is higher than the $60,467 average annual salary of a project accountant.

The top three skills for a regional accountant include reconciliations, payroll and balance sheet accounts. The most important skills for a project accountant are reconciliations, project management, and contract terms.

Regional accountant vs project accountant overview

Regional AccountantProject Accountant
Yearly salary$61,848$60,467
Hourly rate$29.73$29.07
Growth rate6%6%
Number of jobs56,40643,672
Job satisfaction-5
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 72%
Average age4444
Years of experience44

What does a regional accountant do?

Regional accountants work on the preparation of accounts and tax returns, payroll administration, and auditing financial information. They utilize financial statements, account reconciliations, and balance sheets to assist with their accounting work. Regional accountants must have good communication skills, be highly analytical, and take leadership over the accounts in their assigned region.

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.

Regional accountant vs project accountant salary

Regional accountants and project accountants have different pay scales, as shown below.

Regional AccountantProject Accountant
Average salary$61,848$60,467
Salary rangeBetween $47,000 And $79,000Between $46,000 And $79,000
Highest paying City-Washington, DC
Highest paying state-New Jersey
Best paying company-Perficient
Best paying industry-Professional

Differences between regional accountant and project accountant education

There are a few differences between a regional accountant and a project accountant in terms of educational background:

Regional AccountantProject Accountant
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Regional accountant vs project accountant demographics

Here are the differences between regional accountants' and project accountants' demographics:

Regional AccountantProject Accountant
Average age4444
Gender ratioMale, 42.0% Female, 58.0%Male, 36.8% Female, 63.2%
Race ratioBlack 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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between regional accountant and project accountant duties and responsibilities

Regional accountant example responsibilities.

  • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
  • General accounting functions include G/L, A/P, A/R, accruals & allocations, reconcile accounts, & G/L monthly close.
  • Compile and analyze financial information such as balance sheet account reconciliations, variance, revenue and expense analysis.
  • Analyze financial statements to identify, evaluate and correct financial issues, including preparation of detail account reconciliations.
  • Prepare monthly journal entries in accordance with GAAP including moderate to complex supporting calculations.
  • Verify that all GAAP accounting principal relative to the department operations have been correctly follow.
  • Show more

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.
  • Show more

Regional accountant vs project accountant skills

Common regional accountant skills
  • Reconciliations, 15%
  • Payroll, 6%
  • Balance Sheet Accounts, 6%
  • Account Reconciliations, 5%
  • GAAP, 5%
  • General Ledger Accounts, 5%
Common project accountant skills
  • Reconciliations, 8%
  • Project Management, 6%
  • Contract Terms, 5%
  • Purchase Orders, 4%
  • Deltek, 4%
  • Revenue Recognition, 4%

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