Revenue accountant vs fund accountant

The differences between revenue accountants and fund 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 revenue accountant and a fund accountant. Additionally, a revenue accountant has an average salary of $66,015, which is higher than the $60,203 average annual salary of a fund accountant.

The top three skills for a revenue accountant include reconciliations, GAAP and pivot tables. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Revenue accountant vs fund accountant overview

	Revenue Accountant	Fund Accountant
Yearly salary	$66,015	$60,203
Hourly rate	$31.74	$28.94
Growth rate	6%	6%
Number of jobs	39,874	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

What does a revenue accountant do?

A revenue accountant is responsible for monitoring clients' payments, tracking financial transactions, and resolving billing discrepancies and reconciliations. Revenue accountants release invoices and collect payments from outstanding debts. They also identify business opportunities and client partnerships to generate more revenue resources and increase the company's profitability, keeping efficient and safe storage of all account information in the database. A revenue accountant writes comprehensive reports for management's reference, requiring them to have excellent communication skills and accounting principles knowledge.

What does a fund accountant do?

A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.

Revenue accountant vs fund accountant salary

Revenue accountants and fund accountants have different pay scales, as shown below.

	Revenue Accountant	Fund Accountant
Average salary	$66,015	$60,203
Salary range	Between $48,000 And $89,000	Between $44,000 And $80,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	New Jersey	New York
Best paying company	Google	Warburg Pincus
Best paying industry	Technology	Finance

Differences between revenue accountant and fund accountant education

There are a few differences between a revenue accountant and a fund accountant in terms of educational background:

	Revenue Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Revenue accountant vs fund accountant demographics

Here are the differences between revenue accountants' and fund accountants' demographics:

	Revenue Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 40.0% Female, 60.0%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 14.5% White, 61.7% American Indian and Alaska Native, 0.5%	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between revenue accountant and fund accountant duties and responsibilities

Revenue accountant example responsibilities.

Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Upload project statements of work and changes in scope into ERP system, ensuring accurate invoicing and revenue recognition.
Execute and maintain supporting documentation for SOX internal controls
Provide GAAP considerations for complex revenue transactions including audit documentation.
General accounting functions, including adjusting journal entries, reconciliations of global accounts including defer revenue and accruals.
Prepare monthly journal entries and balance sheet reconciliations for numerous domestic and international revenue accounts using foreign exchange rates.

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Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

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Revenue accountant vs fund accountant skills

Common revenue accountant skills

Reconciliations, 18%
GAAP, 10%
Pivot Tables, 5%
Financial Statements, 5%
SOX, 5%
Accruals, 5%

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%

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Updated January 8, 2025

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