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The differences between account receivable associates and account specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account receivable associate and an account specialist. Additionally, an account receivable associate has an average salary of $43,252, which is higher than the $42,586 average annual salary of an account specialist.
The top three skills for an account receivable associate include customer service, data entry and patients. The most important skills for an account specialist are customer service, patients, and account management.
| Account Receivable Associate | Account Specialist | |
| Yearly salary | $43,252 | $42,586 |
| Hourly rate | $20.79 | $20.47 |
| Growth rate | -8% | -8% |
| Number of jobs | 79,264 | 116,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 54% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
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 account specialist is responsible for reaching out to customers or potential clients through calls, emails, and other forms of correspondence to secure sales and strengthen business relations. An account specialist may also perform other tasks such as arranging appointment schedules with clients, providing price quotes and responding to further inquiries, process orders, generating sales leads, and handling complaints and resolving issues. Furthermore, an account specialist may also be involved in developing strategies, finding new opportunities, producing and completing necessary documents, and preparing reports, all in adherence to the company's policies and regulations.
Account receivable associates and account specialists have different pay scales, as shown below.
| Account Receivable Associate | Account Specialist | |
| Average salary | $43,252 | $42,586 |
| Salary range | Between $29,000 And $63,000 | Between $28,000 And $62,000 |
| Highest paying City | Wallingford, CT | Washington, DC |
| Highest paying state | Connecticut | Virginia |
| Best paying company | Alvarez & Marsal | Microsoft |
| Best paying industry | Technology | Finance |
There are a few differences between an account receivable associate and an account specialist in terms of educational background:
| Account Receivable Associate | Account Specialist | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between account receivable associates' and account specialists' demographics:
| Account Receivable Associate | Account Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 23.5% Female, 76.5% | Male, 32.2% Female, 67.8% |
| 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, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |