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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 | General Accountant | |
| Yearly salary | $64,388 | $55,043 |
| Hourly rate | $30.96 | $26.46 |
| Growth rate | 6% | 6% |
| Number of jobs | 45,277 | 87,663 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 75% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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 accountants and general accountants have different pay scales, as shown below.
| Senior Project Accountant | General Accountant | |
| Average salary | $64,388 | $55,043 |
| Salary range | Between $48,000 And $85,000 | Between $40,000 And $73,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Dahl Consulting | Apple |
| Best paying industry | Technology | Automotive |
There are a few differences between a senior project accountant and a general accountant in terms of educational background:
| Senior Project Accountant | General Accountant | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior project accountants' and general accountants' demographics:
| Senior Project Accountant | General Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 37.3% Female, 62.7% | Male, 43.1% Female, 56.9% |
| Race ratio | Black 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 Percentage | 7% | 7% |