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The differences between revenue 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 revenue accountant and a project accountant. Additionally, a revenue accountant has an average salary of $66,015, which is higher than the $60,467 average annual salary of a project accountant.
The top three skills for a revenue accountant include reconciliations, GAAP and pivot tables. The most important skills for a project accountant are reconciliations, project management, and contract terms.
| Revenue Accountant | Project Accountant | |
| Yearly salary | $66,015 | $60,467 |
| Hourly rate | $31.74 | $29.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 39,874 | 43,672 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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.
Revenue accountants and project accountants have different pay scales, as shown below.
| Revenue Accountant | Project Accountant | |
| Average salary | $66,015 | $60,467 |
| Salary range | Between $48,000 And $89,000 | Between $46,000 And $79,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Perficient | |
| Best paying industry | Technology | Professional |
There are a few differences between a revenue accountant and a project accountant in terms of educational background:
| Revenue Accountant | Project Accountant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between revenue accountants' and project accountants' demographics:
| Revenue Accountant | Project Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.0% Female, 60.0% | Male, 36.8% Female, 63.2% |
| 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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |