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Tax analyst vs revenue analyst

The differences between tax analysts and revenue analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a tax analyst, becoming a revenue analyst takes usually requires 2-4 years. Additionally, a revenue analyst has an average salary of $66,985, which is higher than the $61,745 average annual salary of a tax analyst.

The top three skills for a tax analyst include tax audits, reconciliations and tax compliance. The most important skills for a revenue analyst are revenue cycle, customer service, and patients.

Tax analyst vs revenue analyst overview

Tax AnalystRevenue Analyst
Yearly salary$61,745$66,985
Hourly rate$29.69$32.20
Growth rate-7%9%
Number of jobs56,22365,034
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 69%
Average age4840
Years of experience24

What does a tax analyst do?

A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.

What does a revenue analyst do?

A revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.

Tax analyst vs revenue analyst salary

Tax analysts and revenue analysts have different pay scales, as shown below.

Tax AnalystRevenue Analyst
Average salary$61,745$66,985
Salary rangeBetween $43,000 And $87,000Between $48,000 And $91,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateMaineCalifornia
Best paying companyMetaGoogle
Best paying industryTechnologyTechnology

Differences between tax analyst and revenue analyst education

There are a few differences between a tax analyst and a revenue analyst in terms of educational background:

Tax AnalystRevenue Analyst
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 69%
Most common majorAccountingBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Tax analyst vs revenue analyst demographics

Here are the differences between tax analysts' and revenue analysts' demographics:

Tax AnalystRevenue Analyst
Average age4840
Gender ratioMale, 42.9% Female, 57.1%Male, 42.3% Female, 57.7%
Race ratioBlack or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3%Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage8%7%

Differences between tax analyst and revenue analyst duties and responsibilities

Tax analyst example responsibilities.

  • Utilize QuickBooks to manage client data and prepare necessary financial statements.
  • Own the preparation of the consolidated/worldwide provision calculations and AJE, including account reconciliations.
  • Prepare ASC 740 tax accounting calculations.
  • Input apportionment factors into OneSource tax system.
  • Correspond with taxpayers, accountants, and CPAs.
  • Assist in federal and state return preparation using OneSource software.
  • Show more

Revenue analyst example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Perform monthly revenue variance analysis and account reconciliations to ensure royalty payments and financial transactions are recorded accurately and timely.
  • Prepare monthly closing journal entries in both OneGlobe and Hyperion accounting systems.
  • Assist in directing accounting clerical staff in accounts payable, payroll processing, invoicing, and accuracy of journal entries post.
  • Execute month-end/quarterly/year-end procedures in accordance with GAAP.
  • Prepare yearly audit documents following SOX regulations.
  • Show more

Tax analyst vs revenue analyst skills

Common tax analyst skills
  • Tax Audits, 6%
  • Reconciliations, 4%
  • Tax Compliance, 4%
  • Tax Payments, 4%
  • Tax Software, 4%
  • Income Tax Returns, 4%
Common revenue analyst skills
  • Revenue Cycle, 12%
  • Customer Service, 6%
  • Patients, 6%
  • Strong Analytical, 5%
  • Process Improvement, 4%
  • SQL, 4%

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