Account processor vs senior accounting clerk

The differences between account processors and senior accounting 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 a senior accounting clerk. Additionally, a senior accounting clerk has an average salary of $46,531, 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 a senior accounting clerk are data entry, general ledger accounts, and reconciliations.

Account processor vs senior accounting clerk overview

	Account Processor	Senior Accounting Clerk
Yearly salary	$37,924	$46,531
Hourly rate	$18.23	$22.37
Growth rate	-5%	-5%
Number of jobs	81,434	82,627
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 47%
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 a senior accounting clerk do?

Senior Accounting Clerks lead in a complex set of work staff and are responsible for performing governmental fund accounting that involves reporting and financial record keeping. They are responsible for resolving discrepancies, verifying and auditing financial reports, and inputting data into their financial accounting system. They must know methods of verifying and reconciling accounting records, accounts payable and receivable, and how to familiarize themselves with their firm's financial accounting software. They must also be skilled in handling large sums of cash with integrity and making manual arithmetical calculations with speed and accuracy.

Account processor vs senior accounting clerk salary

Account processors and senior accounting clerks have different pay scales, as shown below.

	Account Processor	Senior Accounting Clerk
Average salary	$37,924	$46,531
Salary range	Between $28,000 And $50,000	Between $33,000 And $64,000
Highest paying City	Binghamton, NY	San Jose, CA
Highest paying state	New York	California
Best paying company	Republic Services	Encore Capital Group
Best paying industry	Utilities	Finance

Differences between account processor and senior accounting clerk education

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

	Account Processor	Senior Accounting Clerk
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 47%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Account processor vs senior accounting clerk demographics

Here are the differences between account processors' and senior accounting clerks' demographics:

	Account Processor	Senior Accounting Clerk
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 18.0% Female, 82.0%
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, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between account processor and senior accounting 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.

Senior accounting clerk example responsibilities.

Manage payroll general ledger accounts including account reconciliations and monthly accruals.
Implement premium accounting statistical reports of all monies collect, including return items and general accounting from bank reconciliations.
Process ACH payments in accordance with company deadlines.
Cross train on many functions within the ACH department.
Monitor and clear holding accounts daily using PeopleSoft; prepare journals as necessary.
Assist with monthly, quarterly, and yearly closing processes, including accruals.

Account processor vs senior accounting 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 senior accounting clerk skills

Data Entry, 10%
General Ledger Accounts, 9%
Reconciliations, 8%
Senior Accounting, 7%
Purchase Orders, 7%
Credit Card Payments, 5%

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Account Processor vs Senior Accounting Clerk

Updated January 8, 2025

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