The roles and responsibilities of a CPA and NON-CPA are different, and so are their salaries. Because of these roles and responsibilities, this disparity in salaries is created. Other than this, there are also other factors because of which the salaries can vary. They can be experienced in the field, type of industry, location of the firm, size, and more. In this post, we have explained to you the salary comparison between CPA and Non-CPA. Also, we have presented to you the difference in their roles and responsibilities, which is the primary reason for the disparity in salary. So, without any delay, let’s begin.
Let’s Know What CPA Actually Is
When an accounting professional qualifies uniform CPA exam, he is known to be a CPA. But, he should also possess all the necessary experience and qualifications. The CPA exam is conducted by the National Association of the state board of accountancy with the contribution of the American Institute of Certified Public Accountants.
Qualifying in this CPA exam is not that easy. To obtain this certification, you need to be eligible for each exam section within 18 months. This period starts when you clear the first section of your exam. Another point that you always have to keep in mind is that you need to score a minimum of 75/99 in each area.
Duties of a CPA
The most important responsibility of a CPA is to provide financial insights to the firm. This financial insight enables the firm to set monetary goals. Other duties of a CPA are mentioned below.
- Preparing and Filing Taxes
- Ensure that all rules are followed
- Budgeting and planning for the firm
- Auditing
- Managing all the financial data of the firm
- Analyzing the current financial position of the firm and suggesting ideas for better things.
CPA Salary and Miscellaneous Benefits
Because of the certification and proper training of a CPA, they get a high-value package. It is analyzed that the salary of CPA in the USA is approximately 119,000$ and that too after excluding all the bonuses. Other than this, the median pay for auditors and accountants is averaged at 73,560.
With this, you can see the difference between the CPA Salary NYC and Non-CPA. Other than high salaries, CPAs are offered miscellaneous benefits like a stable career, satisfaction with the job, a reputation in society, and global exposure.Â
Other than this, having a CPA means that the individual is an expert in accounting. So, when you hire a CPA, you can be assured that the CPA will perform his duties with a complete code of ethics. If he does not follow his duties, or there is any malpractice, the governing body will take action and revoke his license.
Let’s Know What Non-CPA Actually Is
Non-CPA’s are the accountants who manage the financial record of a company. They are usually responsible for maintaining, preparing, interpreting, or analyzing the financials of a company. They prepare the reports and then send the same to their seniors in written form.
To become a Non-CPA accountant, you will have to obtain a bachelor’s degree in accounts or finance. You can also obtain the same in accounting. Also, you need to have the required experience in the same area.
Duties of a Non-CPA
Well, the duties of a non-CPA are never the same. You can work as an accountant, a tax accountant, an auditor, and other related fields. The scope of work for a Non-CPA may vary according to the need. But, when it comes to a CPA, the roles and responsibilities are specific. Some of the duties of a Non-CPA are:
- Tracking the order of the account books
- Filling taxes and fulfilling obligations
- Create financial reports for a company.
- Consulting
- Track the finance of a company.
Salary of a Non –CPA
Now that you know the CPA salary NYC, you can guess the salary of a Non-CPA. It can be seen that the salary of a Non-CPA is less than that of a CPA. The difference varies from 5 percent to 15 percent. Other than this, when it comes to the miscellaneous benefits, job stability may not be achieved.
Salary Difference Between CPA and Non-CPA
When it comes to the difference between the salaries, the median pay for accounts is approximately 73,560$. But, it is also observed that a CPA earns at least 15 percent more than a Non CPA. Because of the CPA certification, an accountant can improve the scope of their career. With the certification, they can also work for four big accounting firms in NYC. They are Deloitte, KPMG, PwC, Ernst, and Young. They offer a lot more salary than other firms but only when you are CPA.
Last Say
Indeed, you can earn more with CPA than Non-CPA. But, you also have to work harder to get the CPA certification. You can also work for Big four accounting firms in NYC with CPA. We have explained the difference between the roles and responsibilities of CPA and Non-Cpa and presented to you the salary difference. We hope it will help you to make critical decisions easier.