Account receivable associate vs accounts receivable specialist

The differences between account receivable associates and accounts receivable 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 accounts receivable specialist. Additionally, an account receivable associate has an average salary of $43,252, which is higher than the $39,873 average annual salary of an accounts receivable specialist.

The top three skills for an account receivable associate include customer service, data entry and patients. The most important skills for an accounts receivable specialist are customer service, patients, and data entry.

Account receivable associate vs accounts receivable specialist overview

	Account Receivable Associate	Accounts Receivable Specialist
Yearly salary	$43,252	$39,873
Hourly rate	$20.79	$19.17
Growth rate	-8%	-8%
Number of jobs	79,264	61,988
Job satisfaction	-	4.5
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 45%
Average age	46	46
Years of experience	12	12

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 specialist do?

Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.

Account receivable associate vs accounts receivable specialist salary

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

	Account Receivable Associate	Accounts Receivable Specialist
Average salary	$43,252	$39,873
Salary range	Between $29,000 And $63,000	Between $31,000 And $50,000
Highest paying City	Wallingford, CT	Washington, DC
Highest paying state	Connecticut	Connecticut
Best paying company	Alvarez & Marsal	InfosysPublicService
Best paying industry	Technology	Technology

Differences between account receivable associate and accounts receivable specialist education

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

	Account Receivable Associate	Accounts Receivable Specialist
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 45%
Most common major	Business	Business
Most common college	-	-

Account receivable associate vs accounts receivable specialist demographics

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

	Account Receivable Associate	Accounts Receivable Specialist
Average age	46	46
Gender ratio	Male, 23.5% Female, 76.5%	Male, 18.2% Female, 81.8%
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, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between account receivable associate and accounts receivable specialist 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.

Accounts receivable specialist example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
Cash and credit allocation of customer payments in ROSS ERP system.
Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.

Account receivable associate vs accounts receivable specialist 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 specialist skills

Customer Service, 15%
Patients, 9%
Data Entry, 5%
Credit Card Payments, 4%
Reconciliations, 4%
Accounts Receivables, 3%

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Office and Administrative Industry
Account Receivable Associate
Account Receivable Associate vs Accounts Receivable Specialist

Updated January 8, 2025

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