Becoming a revenue accountant generally requires a bachelor's degree in accounting or a related field, although there are cases where relevant work experience may be considered an adequate background. Often senior-level accountants, a revenue accountant may also be required to oversee other employees within a company's accounting department.
Revenue accountants are specialized accountants responsible for keeping track of clients' income. They typically need a bachelor's degree in accounting, and it is useful for these accountants to have strong interpersonal and organizational skills as well as a keen eye for detail.
|Required Education||Bachelor of Science in Accounting|
|Projected Job Growth (2014-2024)||11% from (for all accountants & auditors)*|
|Median Annual Salary (2016)||$56,119**|
Sources: *U.S. Bureau of Labor Statistics, **PayScale.com
Revenue Accounting Education Requirements
The education requirement for becoming a revenue accountant is generally a bachelor's degree in accounting or a related field. However, in some cases, experience or a combination of education and experience can make up for a lack of a 4-year degree. For more advanced career titles, such as revenue accounting director, extensive experience as well as a bachelor's degree and certified public accountant certification may be required.
Revenue Accountant Salary
The average salary of revenue accountants can vary significantly with experience. According to PayScale.com, revenue accountants earned a median salary of $56,119 in January, 2016.
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Revenue Accounting Career Information
Revenue is the income that a business or individual receives from customers or clients. Revenue accountants keep track of payments received. They also keep track of any money owed to the company, creating invoices and collecting money due from loans and other debts. Since revenue accountants are responsible for knowing what is going on with virtually every aspect of a company's revenue income, they may also offer suggestions to colleagues in marketing and advertising regarding ways to increase revenue.
Revenue accountants are usually senior-level accountants, and often oversee other accounting staff. They make sure that all accountants who work under them are keeping accurate records of all transactions. They may also assist other accountants in completing paperwork and creating monthly financial statements.
Those revenue accountants who have at least ten years of experience may become revenue accounting directors and oversee whole revenue accounting departments. They may be responsible for developing new systems and policies, as well as monitoring revenue records for accuracy and policy compliance. They may also need to interact with external auditors.
The Bureau of Labor Statistics (BLS) projected jobs in accounting will increase by 11% between 2014 and 2024, due in large part to globalization, a growing economy, and increasingly complex tax regulations. A revenue accountant may work for the government, or in the financial, manufacturing, and accounting industries; in 2016, the median salary for this occupation was about $56,000. Most revenue accountants hold bachelor's degrees in accounting, and extensive experience and CPA certification may be required for career advancement.