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Account receivable associate vs accounts receivable manager

The differences between account receivable associates and accounts receivable managers 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 accounts receivable manager takes usually requires 6-8 years. Additionally, an accounts receivable manager has an average salary of $69,403, 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 accounts receivable manager are customer service, accounts receivables, and financial reports.

Account receivable associate vs accounts receivable manager overview

Account Receivable AssociateAccounts Receivable Manager
Yearly salary$43,252$69,403
Hourly rate$20.79$33.37
Growth rate-8%17%
Number of jobs79,26453,859
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 55%
Average age4646
Years of experience128

What does an account receivable associate do?

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.

What does an accounts receivable manager do?

An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.

Account receivable associate vs accounts receivable manager salary

Account receivable associates and accounts receivable managers have different pay scales, as shown below.

Account Receivable AssociateAccounts Receivable Manager
Average salary$43,252$69,403
Salary rangeBetween $29,000 And $63,000Between $42,000 And $114,000
Highest paying CityWallingford, CTSan Francisco, CA
Highest paying stateConnecticutCalifornia
Best paying companyAlvarez & MarsalMeta
Best paying industryTechnologyTechnology

Differences between account receivable associate and accounts receivable manager education

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

Account Receivable AssociateAccounts Receivable Manager
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Account receivable associate vs accounts receivable manager demographics

Here are the differences between account receivable associates' and accounts receivable managers' demographics:

Account Receivable AssociateAccounts Receivable Manager
Average age4646
Gender ratioMale, 23.5% Female, 76.5%Male, 25.0% Female, 75.0%
Race ratioBlack 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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% American Indian and Alaska Native, 0.3%
LGBT Percentage8%11%

Differences between account receivable associate and accounts receivable manager duties and responsibilities

Account receivable associate example responsibilities.

  • Manage daily credit card reconciliations and personally deliver regular cash deposits in a safe and professional manner.
  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Participate in month end close process by ensuring all assign journal entries and account reconciliations are perform timely and accurately.
  • Receive payments by credit card, ACH (automate clearing house) and electronic bank deposits.
  • Create and process ACH draft files, credit cards and manual deposits for multiple bank accounts.
  • Print and export daily EDI orders, match documents by PO number and forward to shipping department for processing.
  • Show more

Accounts receivable manager example responsibilities.

  • Manage payroll activities including calculating and distributing payroll checks and making monthly withholding deposits to the IRS via EFTPS website.
  • Accomplish, results-orient professional with a strong background in TABS3 management and QuickBooks utilization.
  • Manage all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
  • Review claims hold up in EDI, and initiate pathway in working claims edits, claims follow up and appeals.
  • Run GL transfer and post daily.
  • Utilize multiple ERP systems for billing and collection purposes.
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Account receivable associate vs accounts receivable manager skills

Common account receivable associate skills
  • Customer Service, 19%
  • Data Entry, 8%
  • Patients, 8%
  • Good Judgment, 5%
  • Credit Card Payments, 4%
  • Cash Application, 4%
Common accounts receivable manager skills
  • Customer Service, 14%
  • Accounts Receivables, 8%
  • Financial Reports, 6%
  • Reconciliations, 5%
  • Payroll, 4%
  • Customer Accounts, 4%

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