Account processor vs accounts receivable specialist

The differences between account processors and accounts receivable specialists 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 specialist takes usually requires 6-12 months. Additionally, an accounts receivable specialist has an average salary of $39,873, 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 specialist are customer service, patients, and data entry.

Account processor vs accounts receivable specialist overview

	Account Processor	Accounts Receivable Specialist
Yearly salary	$37,924	$39,873
Hourly rate	$18.23	$19.17
Growth rate	-5%	-8%
Number of jobs	81,434	61,988
Job satisfaction	-	4.5
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 45%
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 specialist do?

Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.

Account processor vs accounts receivable specialist salary

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

	Account Processor	Accounts Receivable Specialist
Average salary	$37,924	$39,873
Salary range	Between $28,000 And $50,000	Between $31,000 And $50,000
Highest paying City	Binghamton, NY	Washington, DC
Highest paying state	New York	Connecticut
Best paying company	Republic Services	InfosysPublicService
Best paying industry	Utilities	Technology

Differences between account processor and accounts receivable specialist education

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

	Account Processor	Accounts Receivable Specialist
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 45%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Account processor vs accounts receivable specialist demographics

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

	Account Processor	Accounts Receivable Specialist
Average age	51	46
Gender ratio	Male, 25.0% Female, 75.0%	Male, 18.2% Female, 81.8%
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, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

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

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
Cash and credit allocation of customer payments in ROSS ERP system.
Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.

Account processor vs accounts receivable specialist 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 specialist skills

Customer Service, 15%
Patients, 9%
Data Entry, 5%
Credit Card Payments, 4%
Reconciliations, 4%
Accounts Receivables, 3%

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Account Processor vs Accounts Receivable Specialist

Updated January 8, 2025

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