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The differences between treasurers and accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a treasurer, becoming an accountant takes usually requires 2-4 years. Additionally, a treasurer has an average salary of $80,467, which is higher than the $54,890 average annual salary of an accountant.
The top three skills for a treasurer include payroll, fraternity and bank accounts. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.
| Treasurer | Accountant | |
| Yearly salary | $80,467 | $54,890 |
| Hourly rate | $38.69 | $26.39 |
| Growth rate | 17% | 6% |
| Number of jobs | 18,358 | 60,073 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 46 | 44 |
| Years of experience | 8 | 4 |
The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.
An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.
Treasurers and accountants have different pay scales, as shown below.
| Treasurer | Accountant | |
| Average salary | $80,467 | $54,890 |
| Salary range | Between $37,000 And $173,000 | Between $41,000 And $72,000 |
| Highest paying City | Cambridge, MA | Washington, DC |
| Highest paying state | Maine | New York |
| Best paying company | Partners Group LTD | Meta |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a treasurer and an accountant in terms of educational background:
| Treasurer | Accountant | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between treasurers' and accountants' demographics:
| Treasurer | Accountant | |
| Average age | 46 | 44 |
| Gender ratio | Male, 48.0% Female, 52.0% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 7% |