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The differences between account receivable associates and finance clerks 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 finance clerk takes usually requires 4-6 years. Additionally, an account receivable associate has an average salary of $43,252, which is higher than the $39,225 average annual salary of a finance clerk.
The top three skills for an account receivable associate include customer service, data entry and patients. The most important skills for a finance clerk are data entry, purchase orders, and HR.
| Account Receivable Associate | Finance Clerk | |
| Yearly salary | $43,252 | $39,225 |
| Hourly rate | $20.79 | $18.86 |
| Growth rate | -8% | -5% |
| Number of jobs | 79,264 | 143,372 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 44% |
| Average age | 46 | 51 |
| Years of experience | 12 | 6 |
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.
Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.
Account receivable associates and finance clerks have different pay scales, as shown below.
| Account Receivable Associate | Finance Clerk | |
| Average salary | $43,252 | $39,225 |
| Salary range | Between $29,000 And $63,000 | Between $27,000 And $56,000 |
| Highest paying City | Wallingford, CT | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Alvarez & Marsal | United States Courts |
| Best paying industry | Technology | Government |
There are a few differences between an account receivable associate and a finance clerk in terms of educational background:
| Account Receivable Associate | Finance Clerk | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between account receivable associates' and finance clerks' demographics:
| Account Receivable Associate | Finance Clerk | |
| Average age | 46 | 51 |
| Gender ratio | Male, 23.5% Female, 76.5% | Male, 26.2% Female, 73.8% |
| 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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 8% | 7% |