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Senior revenue accountant vs project accountant

The differences between senior revenue accountants and project 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 project accountant. Additionally, a senior revenue accountant has an average salary of $77,865, which is higher than the $60,467 average annual salary of a project accountant.

The top three skills for a senior revenue accountant include reconciliations, ASC and GAAP. The most important skills for a project accountant are reconciliations, project management, and contract terms.

Senior revenue accountant vs project accountant overview

Senior Revenue AccountantProject Accountant
Yearly salary$77,865$60,467
Hourly rate$37.44$29.07
Growth rate6%6%
Number of jobs35,72943,672
Job satisfaction-5
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 72%
Average age4444
Years of experience44

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 project accountant do?

A project accountant is primarily in charge of overseeing the budget and expenditures allocated for various projects within a company. Their responsibilities revolve around reviewing financial data and work plans, managing billing and financial reports, monitoring the flow of revenue, filing purchase orders and invoices, and processing payments to subcontractors, suppliers, and more. It is also vital to coordinate with all managing personnel to prepare necessary reports such as costs and taxes. Furthermore, it is essential to maintain data and records of all transactions, all while implementing the company's policies and regulations.

Senior revenue accountant vs project accountant salary

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

Senior Revenue AccountantProject Accountant
Average salary$77,865$60,467
Salary rangeBetween $56,000 And $106,000Between $46,000 And $79,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateNew JerseyNew Jersey
Best paying companyDatabricksPerficient
Best paying industryTechnologyProfessional

Differences between senior revenue accountant and project accountant education

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

Senior Revenue AccountantProject Accountant
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior revenue accountant vs project accountant demographics

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

Senior Revenue AccountantProject Accountant
Average age4444
Gender ratioMale, 45.1% Female, 54.9%Male, 36.8% Female, 63.2%
Race ratioBlack 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, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between senior revenue accountant and project 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.
  • Show more

Project accountant example responsibilities.

  • Maintain general ledgers, manage cash flow, prepare financial statements and bank reconciliations for multiple development and construction projects.
  • Assure timely accurate filing of all Medicare, Medicaid and commercial insurance claims.
  • Review the collection of Medicare, Medicaid and other receivables to ensure monthly goals are met.
  • Used DelTek to find discrepancies in employee charge hours.
  • Serve as major contributor in system conversion to new web-base ERP system.
  • Identify and rectify accounting errors that have incurred in the past and ensure adherence to IFRS.
  • Show more

Senior revenue accountant vs project accountant skills

Common senior revenue accountant skills
  • Reconciliations, 12%
  • ASC, 11%
  • GAAP, 8%
  • Account Reconciliations, 6%
  • SOX, 4%
  • Internal Controls, 4%
Common project accountant skills
  • Reconciliations, 8%
  • Project Management, 6%
  • Contract Terms, 5%
  • Purchase Orders, 4%
  • Deltek, 4%
  • Revenue Recognition, 4%

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