Account processor vs account payables analyst

The differences between account processors and account payables analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an account processor and an account payables analyst. Additionally, an account payables analyst has an average salary of $54,356, which is higher than the $37,924 average annual salary of an account processor.

The top three skills for an account processor include customer service, customer accounts and data entry. The most important skills for an account payables analyst are customer service, data entry, and purchase orders.

Account processor vs account payables analyst overview

	Account Processor	Account Payables Analyst
Yearly salary	$37,924	$54,356
Hourly rate	$18.23	$26.13
Growth rate	-5%	-5%
Number of jobs	81,434	73,985
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 63%
Average age	51	51
Years of experience	6	6

What does an account processor do?

Account processors are professionals who are responsible for performing various tasks that are related to the processing of client accounts. These processors specialize in maintaining complex customer accounts while working with their clients to update any changes of information in their accounts. They are required to prepare contracts for bank customers and input all the needed data and credit limitations into the bank's systems. Account processors must also perform accounting duties such as preparing financial statements and reconciling general ledger balances.

What does an account payables analyst do?

An accounts payable analyst is primarily responsible for managing and processing invoices and payments, ensuring accuracy and timeliness. They are also responsible for coordinating with various departments to obtain and acquire data and invoices, submitting payments to external vendors and suppliers, identifying errors and inconsistencies, and providing corrective measures. One may also perform clerical tasks such as producing progress reports and presentations, managing schedules, addressing issues and concerns through calls and correspondence, and resolving them promptly and efficiently.

Account processor vs account payables analyst salary

Account processors and account payables analysts have different pay scales, as shown below.

	Account Processor	Account Payables Analyst
Average salary	$37,924	$54,356
Salary range	Between $28,000 And $50,000	Between $39,000 And $74,000
Highest paying City	Binghamton, NY	San Francisco, CA
Highest paying state	New York	New York
Best paying company	Republic Services	SMTC
Best paying industry	Utilities	Energy

Differences between account processor and account payables analyst education

There are a few differences between an account processor and an account payables analyst in terms of educational background:

	Account Processor	Account Payables Analyst
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 63%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Account processor vs account payables analyst demographics

Here are the differences between account processors' and account payables analysts' demographics:

	Account Processor	Account Payables Analyst
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 26.3% Female, 73.7%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.1% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between account processor and account payables analyst duties and responsibilities

Account processor example responsibilities.

Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
Perform on line reject re-entry via CRT access on CPCS.
Support other areas as identified outside of Lockbox during non-peak times.
Process ACH's due to carriers base off incoming money and invoices.
Post ACH and wire payments that come through the bank on a daily basis.
Reconcile open A/R balance by program in billing system with A/R total in accounting system.

Account payables analyst example responsibilities.

Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Perform month end close activities such as account reconciliations and journal entries resulting in accurate financial statement reporting.
Perform validation in ERP to ensure invoices not already paid.
Maintain fixed assets in ERP system to report the correct depreciation monthly.
Request current vendors to switch payment type from check to ACH and enroll in e-Invoicing for faster and more efficient processing.
Coordinate ACH implementation/conversion to electronic payment system.

Account processor vs account payables analyst skills

Common account processor skills

Customer Service, 23%
Customer Accounts, 15%
Data Entry, 12%
Customer Inquiries, 8%
Customer Problems, 7%
A/R, 3%

Common account payables analyst skills

Customer Service, 11%
Data Entry, 6%
Purchase Orders, 5%
Reconciliations, 5%
Vendor Invoices, 5%
Expense Reports, 4%

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Account Processor vs Account Payables Analyst

Updated January 8, 2025

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