Account receivable associate vs collections/accounts receivable

The differences between account receivable associates and collections/accounts receivables 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 a collections/accounts receivable. Additionally, an account receivable associate has an average salary of $43,252, which is higher than the $38,949 average annual salary of a collections/accounts receivable.

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

Account receivable associate vs collections/accounts receivable overview

	Account Receivable Associate	Collections/Accounts Receivable
Yearly salary	$43,252	$38,949
Hourly rate	$20.79	$18.73
Growth rate	-8%	-8%
Number of jobs	79,264	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 40%
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 a collections/accounts receivable do?

An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.

Account receivable associate vs collections/accounts receivable salary

Account receivable associates and collections/accounts receivables have different pay scales, as shown below.

	Account Receivable Associate	Collections/Accounts Receivable
Average salary	$43,252	$38,949
Salary range	Between $29,000 And $63,000	Between $30,000 And $49,000
Highest paying City	Wallingford, CT	Boston, MA
Highest paying state	Connecticut	Connecticut
Best paying company	Alvarez & Marsal	Apollo Global Management
Best paying industry	Technology	Finance

Differences between account receivable associate and collections/accounts receivable education

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

	Account Receivable Associate	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	-	-

Account receivable associate vs collections/accounts receivable demographics

Here are the differences between account receivable associates' and collections/accounts receivables' demographics:

	Account Receivable Associate	Collections/Accounts Receivable
Average age	46	46
Gender ratio	Male, 23.5% Female, 76.5%	Male, 25.3% Female, 74.7%
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, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between account receivable associate and collections/accounts receivable 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.

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Account receivable associate vs collections/accounts receivable 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 collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

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Office and Administrative Industry
Account Receivable Associate
Account Receivable Associate vs Collections/Accounts Receivable

Updated January 8, 2025

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