Account processor vs accounts receivable analyst

The differences between account processors and accounts receivable analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account processor, becoming an accounts receivable analyst takes usually requires 6-12 months. Additionally, an accounts receivable analyst has an average salary of $43,692, 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 accounts receivable analyst are customer service, reconciliations, and customer accounts.

Account processor vs accounts receivable analyst overview

	Account Processor	Accounts Receivable Analyst
Yearly salary	$37,924	$43,692
Hourly rate	$18.23	$21.01
Growth rate	-5%	-8%
Number of jobs	81,434	26,558
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 61%
Average age	51	46
Years of experience	6	12

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 accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

Account processor vs accounts receivable analyst salary

Account processors and accounts receivable analysts have different pay scales, as shown below.

	Account Processor	Accounts Receivable Analyst
Average salary	$37,924	$43,692
Salary range	Between $28,000 And $50,000	Between $33,000 And $57,000
Highest paying City	Binghamton, NY	Arlington, VA
Highest paying state	New York	Connecticut
Best paying company	Republic Services	Pacific Investment Management Company LLC
Best paying industry	Utilities	Hospitality

Differences between account processor and accounts receivable analyst education

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

	Account Processor	Accounts Receivable Analyst
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Account processor vs accounts receivable analyst demographics

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

	Account Processor	Accounts Receivable Analyst
Average age	51	46
Gender ratio	Male, 25.0% Female, 75.0%	Male, 29.4% Female, 70.6%
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, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between account processor and accounts receivable 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.

Accounts receivable analyst example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.
Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.

Account processor vs accounts receivable 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 accounts receivable analyst skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Account Processor vs Accounts Receivable Analyst

Updated January 8, 2025

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