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Senior project accountant vs general accountant

The differences between senior project accountants and general 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 senior project accountant and a general accountant. Additionally, a senior project accountant has an average salary of $64,388, which is higher than the $55,043 average annual salary of a general accountant.

The top three skills for a senior project accountant include reconciliations, project management and GAAP. The most important skills for a general accountant are financial data, reconciliations, and cash handling.

Senior project accountant vs general accountant overview

Senior Project AccountantGeneral Accountant
Yearly salary$64,388$55,043
Hourly rate$30.96$26.46
Growth rate6%6%
Number of jobs45,27787,663
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 75%
Average age4444
Years of experience44

What does a senior project accountant do?

Senior Project Accountants are responsible for providing support in financial management for a project. Their duties include creating financial appraisals, producing project forecasts, and developing project financial reports. They are responsible for facilitating financial planning, identifying budget deviances, performing impact analysis, and assisting in risk management planning. Senior Project Accountants also establish financial governance for a project, improve financial tools, test data, and prepare a business case analysis for senior management. They participate in project meetings, assist in internal audits, and ensure operations adhere to corporate financial legislations.

What does a general accountant do?

A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.

Senior project accountant vs general accountant salary

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

Senior Project AccountantGeneral Accountant
Average salary$64,388$55,043
Salary rangeBetween $48,000 And $85,000Between $40,000 And $73,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateMassachusettsNew Jersey
Best paying companyDahl ConsultingApple
Best paying industryTechnologyAutomotive

Differences between senior project accountant and general accountant education

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

Senior Project AccountantGeneral Accountant
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior project accountant vs general accountant demographics

Here are the differences between senior project accountants' and general accountants' demographics:

Senior Project AccountantGeneral Accountant
Average age4444
Gender ratioMale, 37.3% Female, 62.7%Male, 43.1% Female, 56.9%
Race ratioBlack or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between senior project accountant and general accountant duties and responsibilities

Senior project accountant example responsibilities.

  • Manage daily operations of the accounting department to include contract billing, accounts receivable, and monthly backlog/accrual reconciliations.
  • Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
  • Produce financial reports on a timely basis for building construction decision making using various job cost methods in conformity to GAAP.
  • Provide recommendations and assist with development, documentation, and implementation of agree process improvement procedures according to GAAP and SOX.
  • Audit and approve the supporting documents of all invoices of the company in accordance with the requirements regulations by SOX.
  • Prepare schedules for recurring accruals and deferrals and amortize monthly.
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General accountant example responsibilities.

  • Manage payroll functions, financial statements, accounts payable, basic job cost, account analysis, accruals, year-end audits.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Assist manager with cash flow, preparing financial statement, BBC, and report to CPA.
  • Create budget at beginning and coordinate CPA firm's audit at the end of year.
  • Assist in any kind of audit engagement (internal control, external, SOX, etc . )
  • Provide support for the controller with period-end close accruals and journal entries and assist in various duties and responsibilities.
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Senior project accountant vs general accountant skills

Common senior project accountant skills
  • Reconciliations, 7%
  • Project Management, 6%
  • GAAP, 5%
  • Financial Reports, 4%
  • Payroll, 4%
  • Accruals, 4%
Common general accountant skills
  • Financial Data, 11%
  • Reconciliations, 10%
  • Cash Handling, 9%
  • Vendor Invoices, 6%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 5%

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