Account processor vs accounts receivable clerk

The differences between account processors and accounts receivable clerks 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 accounts receivable clerk. Additionally, an account processor has an average salary of $37,924, which is higher than the $36,425 average annual salary of an accounts receivable clerk.

The top three skills for an account processor include customer service, customer accounts and data entry. The most important skills for an accounts receivable clerk are customer service, data entry, and collection calls.

Account processor vs accounts receivable clerk overview

	Account Processor	Accounts Receivable Clerk
Yearly salary	$37,924	$36,425
Hourly rate	$18.23	$17.51
Growth rate	-5%	-5%
Number of jobs	81,434	87,935
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 36%
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 accounts receivable clerk do?

An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. Among the duties include calculating total revenues and unpaid invoices, maintaining financial records and keeping a detailed and organized database, and verifying financial transactions and payment delinquencies. Furthermore, an Accounts Receivable Clerk must resolve and examine deductions, prepare invoices and necessary documentation, and review customer payment plans and history records and coordinate with the collections department should there be any issues.

Account processor vs accounts receivable clerk salary

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

	Account Processor	Accounts Receivable Clerk
Average salary	$37,924	$36,425
Salary range	Between $28,000 And $50,000	Between $29,000 And $45,000
Highest paying City	Binghamton, NY	Boston, MA
Highest paying state	New York	Massachusetts
Best paying company	Republic Services	IBM
Best paying industry	Utilities	Finance

Differences between account processor and accounts receivable clerk education

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

	Account Processor	Accounts Receivable Clerk
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 36%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Account processor vs accounts receivable clerk demographics

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

	Account Processor	Accounts Receivable Clerk
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 13.7% Female, 86.3%
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, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between account processor and accounts receivable clerk 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 clerk example responsibilities.

Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
Utilize QuickBooks accounting software for billing/invoices, generate statements.
Perform necessary adjustments using knowledge of Medicare and all third party insurance.
Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.

Account processor vs accounts receivable clerk 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 clerk skills

Customer Service, 12%
Data Entry, 9%
Collection Calls, 8%
Financial Data, 7%
Credit Card Payments, 5%
Process Payments, 5%

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Account Processor vs Accounts Receivable Clerk

Updated January 8, 2025

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