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Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

If you’re installing new drywall, you may need to skim coat the drywall first for a smooth finish and to allow the primer to adhere to the wall. It’s only necessary if there are imperfections in your drywall due to issues with the studs or improper drywall installation. If you’re refreshing existing walls, you may want to skim coat if there are imperfections across the wall. As an alternative, you can repair your drywall and sand it for a smooth finish before painting.

When you are learning how to tape and mud drywall, waiting for things to dry requires a lot of patience. So how long does drywall mud take to dry? On average, it takes about 24 hours. However, it depends on things like the thickness of the mud, as well as the room’s temperature, humidity, and ventilation. Using thin layers of mud in a warm, low-humidity room with good airflow reduces average drying time. You also could speed up drying time by making use of hot drywall mud, which consists of a powder that you mix with water, instead of using pre-mixed mud. 

It's generally recommended to hang drywall on the ceiling first before moving on to the walls. This sequence allows the ceiling sheets to provide support for the vertical wall sheets. By attaching the ceiling drywall initially, you establish a solid framework to align and attach the wall panels accurately. This method ensures a seamless and sturdy connection between the ceiling and walls, resulting in a more professional finish.