Senior revenue accountant vs cost accountant

The differences between senior revenue accountants and 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 senior revenue accountant and a cost accountant. Additionally, a senior revenue accountant has an average salary of $77,865, which is higher than the $60,528 average annual salary of a cost accountant.

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

Senior revenue accountant vs cost accountant overview

	Senior Revenue Accountant	Cost Accountant
Yearly salary	$77,865	$60,528
Hourly rate	$37.44	$29.10
Growth rate	6%	6%
Number of jobs	35,729	39,925
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	4	4

What does a senior revenue accountant do?

A senior revenue accountant is in charge of overseeing the financial revenues of a company, ensuring accuracy and transparency. They primarily coordinate and supervise the accounting team to ensure a smooth workflow and assist in other activities such as preparing revenue and expenditure reports. They must also monitor all financial progress, maintain records of all transactions, and process payments as needed. Furthermore, as a senior revenue accountant, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.

What does a cost accountant do?

A cost accountant specializes in determining the total cost incurred by a company from producing goods and services. Through the various financial data they collect, the cost accountant will devise plans and strategies that will be a vital factor in the next budget and marketing preparations of a company. Aside from this, a cost accountant is responsible for various tasks such as conducting research and analysis in different areas, keeping financial records and inventory, producing financial reports involving profitability and expenditures, and proposing a budget and other financial plans.

Senior revenue accountant vs cost accountant salary

Senior revenue accountants and cost accountants have different pay scales, as shown below.

	Senior Revenue Accountant	Cost Accountant
Average salary	$77,865	$60,528
Salary range	Between $56,000 And $106,000	Between $45,000 And $81,000
Highest paying City	Washington, DC	Edison, NJ
Highest paying state	New Jersey	New Jersey
Best paying company	Databricks	Google
Best paying industry	Technology	Energy

Differences between senior revenue accountant and cost accountant education

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

	Senior Revenue Accountant	Cost Accountant
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Senior revenue accountant vs cost accountant demographics

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

	Senior Revenue Accountant	Cost Accountant
Average age	44	44
Gender ratio	Male, 45.1% Female, 54.9%	Male, 52.6% Female, 47.4%
Race ratio	Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.3% American Indian and Alaska Native, 0.4%	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%
LGBT Percentage	7%	7%

Differences between senior revenue accountant and cost accountant duties and responsibilities

Senior revenue accountant example responsibilities.

Manage accounts receivable including revenue recognition in accordance with GAAP, customer billing and collection activities.
Assist in the implementation of Deltek CostPoint.
Review customer contracts for revenue recognition issues and ensure proper revenue recognition in accordance with GAAP and FASB.
Perform monthly account reconciliations for all accounts assign and ensure proper presentation of account balance.
Invoice over 100 third party sponsors using PeopleSoft.
Assist in the improvement of current policies and procedures in connection with Sarbanes-Oxley requirements.

Cost accountant example responsibilities.

Manage ledgers and perform month end journal entries.
Manage the payroll with ADP system and account receivable.
Manage costing control as well as accounts payable (A/P) and accounts receivable (A/R).
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Prepare raw material and WIP inventory reconciliations.
Develop tracking of GAAP inventory valuation for all inventory inherit from the bankrupt former company.

Senior revenue accountant vs cost accountant skills

Common senior revenue accountant skills

Reconciliations, 12%
ASC, 11%
GAAP, 8%
Account Reconciliations, 6%
SOX, 4%
Internal Controls, 4%

Common cost accountant skills

Reconciliations, 9%
Variance Analysis, 6%
GAAP, 4%
Account Reconciliations, 3%
Cost Analysis, 3%
Financial Analysis, 3%

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Senior Revenue Accountant vs Cost Accountant

Updated January 8, 2025

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