Revenue accountant vs senior cost accountant

The differences between revenue accountants and senior cost 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 senior cost accountant. Additionally, a revenue accountant has an average salary of $66,015, which is higher than the $65,824 average annual salary of a senior cost accountant.

The top three skills for a revenue accountant include reconciliations, GAAP and pivot tables. The most important skills for a senior cost accountant are reconciliations, variance analysis, and GAAP.

Revenue accountant vs senior cost accountant overview

	Revenue Accountant	Senior Cost Accountant
Yearly salary	$66,015	$65,824
Hourly rate	$31.74	$31.65
Growth rate	6%	6%
Number of jobs	39,874	45,010
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 79%
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 senior cost accountant do?

A senior cost accountant is an individual who maintains detailed costs in a company's system and provides cost analysis that supports operations and sales. Senior cost accountants are required to review inventory and deal with manufacturing personnel to control and analyze standard costs. They must record cost information to be used in controlling expenditures as well as recommend cost efficiencies in new product layouts. Senior cost accountants must also provide reports that specify and compare factors affecting prices and profitability of products or services to the management.

Revenue accountant vs senior cost accountant salary

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

	Revenue Accountant	Senior Cost Accountant
Average salary	$66,015	$65,824
Salary range	Between $48,000 And $89,000	Between $48,000 And $89,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	New Jersey	New Jersey
Best paying company	Google	OraSure Technologies
Best paying industry	Technology	Health Care

Differences between revenue accountant and senior cost accountant education

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

	Revenue Accountant	Senior Cost Accountant
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 79%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Revenue accountant vs senior cost accountant demographics

Here are the differences between revenue accountants' and senior cost accountants' demographics:

	Revenue Accountant	Senior Cost Accountant
Average age	44	44
Gender ratio	Male, 40.0% Female, 60.0%	Male, 59.7% Female, 40.3%
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, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.3% White, 64.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between revenue accountant and senior cost 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.

Senior cost accountant example responsibilities.

Manage quarterly inventory reserves in accordance with company policy which follows GAAP guidance.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Process month end close including journal entries, account reconciliations, variance analysis, financial statement preparation and corporate reporting.
Provide user training and technical support for ERP and payroll systems.
Implement process improvements for monthly close process and SOX documentation retention.
Complete account reconciliations in accordance with maintaining the integrity of assets and liabilities for balance sheet inventory accounts.

Revenue accountant vs senior cost accountant skills

Common revenue accountant skills

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

Common senior cost accountant skills

Reconciliations, 9%
Variance Analysis, 6%
GAAP, 5%
Account Reconciliations, 4%
SR, 4%
SOX, 3%

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Revenue Accountant vs Senior Cost Accountant

Updated January 8, 2025

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