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The differences between revenue accountants and tax 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 tax accountant. Additionally, a revenue accountant has an average salary of $66,015, which is higher than the $62,142 average annual salary of a tax accountant.
The top three skills for a revenue accountant include reconciliations, GAAP and pivot tables. The most important skills for a tax accountant are CPA, tax audits, and income tax returns.
| Revenue Accountant | Tax Accountant | |
| Yearly salary | $66,015 | $62,142 |
| Hourly rate | $31.74 | $29.88 |
| Growth rate | 6% | 6% |
| Number of jobs | 39,874 | 57,919 |
| Job satisfaction | - | - |
| 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 tax accountant is an individual who works with clients to produce tax return documents that follow tax laws and regulations while keeping them updated on their return information. Tax accountants must determine tax strategies for their clients that may minimize or eliminate tax payments while arranging audits with taxation authorities. They prepare tax documents for different clients, including private companies, non-profit organizations, and private individuals. Tax accountants are also required to obtain a bachelor's degree in accounting and should understand business concepts.
Revenue accountants and tax accountants have different pay scales, as shown below.
| Revenue Accountant | Tax Accountant | |
| Average salary | $66,015 | $62,142 |
| Salary range | Between $48,000 And $89,000 | Between $45,000 And $83,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Pacific Investment Management Company LLC | |
| Best paying industry | Technology | Finance |
There are a few differences between a revenue accountant and a tax accountant in terms of educational background:
| Revenue Accountant | Tax 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 tax accountants' demographics:
| Revenue Accountant | Tax Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.0% Female, 60.0% | Male, 47.3% Female, 52.7% |
| 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, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.5% White, 61.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |