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The differences between account receivable associates and account payables analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an account receivable associate, becoming an account payables analyst takes usually requires 4-6 years. Additionally, an account payables analyst has an average salary of $54,356, which is higher than the $43,252 average annual salary of an account receivable associate.
The top three skills for an account receivable associate include customer service, data entry and patients. The most important skills for an account payables analyst are customer service, data entry, and purchase orders.
| Account Receivable Associate | Account Payables Analyst | |
| Yearly salary | $43,252 | $54,356 |
| Hourly rate | $20.79 | $26.13 |
| Growth rate | -8% | -5% |
| Number of jobs | 79,264 | 73,985 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 63% |
| Average age | 46 | 51 |
| Years of experience | 12 | 6 |
An account receivable associate is responsible for collecting and posting client payments for the company's services, recording system transactions timely, and reaching out to clients for outstanding bills. Account receivable associates settle accurate receipts for records, resolve payment discrepancies, and handle other related financial transactions. They also create comprehensive financial reports to the supervisor for review and submission to the senior management. An account receivable associate reviews contract agreements and discusses payment terms with the clients.
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 receivable associates and account payables analysts have different pay scales, as shown below.
| Account Receivable Associate | Account Payables Analyst | |
| Average salary | $43,252 | $54,356 |
| Salary range | Between $29,000 And $63,000 | Between $39,000 And $74,000 |
| Highest paying City | Wallingford, CT | San Francisco, CA |
| Highest paying state | Connecticut | New York |
| Best paying company | Alvarez & Marsal | SMTC |
| Best paying industry | Technology | Energy |
There are a few differences between an account receivable associate and an account payables analyst in terms of educational background:
| Account Receivable Associate | Account Payables Analyst | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 63% |
| Most common major | Business | Accounting |
| Most common college | - | University of Pennsylvania |
Here are the differences between account receivable associates' and account payables analysts' demographics:
| Account Receivable Associate | Account Payables Analyst | |
| Average age | 46 | 51 |
| Gender ratio | Male, 23.5% Female, 76.5% | Male, 26.3% Female, 73.7% |
| Race ratio | Black or African American, 14.3% Unknown, 4.0% Hispanic or Latino, 18.3% Asian, 3.5% White, 59.4% American Indian and Alaska Native, 0.5% | 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 | 8% | 7% |