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Account receivable associate vs billing analyst

The differences between account receivable associates and billing 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 a billing analyst takes usually requires 1-2 years. Additionally, a billing analyst has an average salary of $51,544, 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 a billing analyst are customer service, patients, and billing issues.

Account receivable associate vs billing analyst overview

Account Receivable AssociateBilling Analyst
Yearly salary$43,252$51,544
Hourly rate$20.79$24.78
Growth rate-8%-3%
Number of jobs79,26430,566
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 59%
Average age4646
Years of experience122

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 a billing analyst do?

A billing analyst is responsible for supporting the operations of an accounting department, evaluating and issuing invoices, and analyzing the financial transactions of the company. Billing analysts assist with creating financial statements and reports, managing billing discrepancies, updating recent account statements on the company's database, and checking the accuracy of balance sheets. A billing analyst must have excellent analytical skills, as well as the knowledge of the accounting principles, performing account reconciliations, processing receivables, and tracking clients' billing statements.

Account receivable associate vs billing analyst salary

Account receivable associates and billing analysts have different pay scales, as shown below.

Account Receivable AssociateBilling Analyst
Average salary$43,252$51,544
Salary rangeBetween $29,000 And $63,000Between $35,000 And $73,000
Highest paying CityWallingford, CTWashington, DC
Highest paying stateConnecticutAlaska
Best paying companyAlvarez & MarsalMeta
Best paying industryTechnologyFinance

Differences between account receivable associate and billing analyst education

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

Account Receivable AssociateBilling Analyst
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Account receivable associate vs billing analyst demographics

Here are the differences between account receivable associates' and billing analysts' demographics:

Account Receivable AssociateBilling Analyst
Average age4646
Gender ratioMale, 23.5% Female, 76.5%Male, 29.7% Female, 70.3%
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, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage8%7%

Differences between account receivable associate and billing analyst 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

Billing analyst example responsibilities.

  • Set up, manage, and terminate ACH accounts.
  • Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
  • Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
  • Master sales, events, and reservations systems.
  • Produce month-end reports from IDX for executive staff.
  • Prepare provisional invoices for billing after provisional rates are receive from DCAA.
  • Show more

Account receivable associate vs billing analyst 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 billing analyst skills
  • Customer Service, 16%
  • Patients, 7%
  • Billing Issues, 6%
  • Strong Analytical, 5%
  • Billing System, 5%
  • Data Entry, 4%

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