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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 | Accounts Receivable Manager | |
| Yearly salary | $43,252 | $69,403 |
| Hourly rate | $20.79 | $33.37 |
| Growth rate | -8% | 17% |
| Number of jobs | 79,264 | 53,859 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 55% |
| Average age | 46 | 46 |
| Years of experience | 12 | 8 |
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 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 associates and accounts receivable managers have different pay scales, as shown below.
| Account Receivable Associate | Accounts Receivable Manager | |
| Average salary | $43,252 | $69,403 |
| Salary range | Between $29,000 And $63,000 | Between $42,000 And $114,000 |
| Highest paying City | Wallingford, CT | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Alvarez & Marsal | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between an account receivable associate and an accounts receivable manager in terms of educational background:
| Account Receivable Associate | Accounts Receivable Manager | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between account receivable associates' and accounts receivable managers' demographics:
| Account Receivable Associate | Accounts Receivable Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 23.5% Female, 76.5% | Male, 25.0% Female, 75.0% |
| 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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 11% |