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Accounting assistant vs accounts payable assistant

The differences between accounting assistants and accounts payable assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an accounting assistant and an accounts payable assistant. Additionally, an accounting assistant has an average salary of $39,569, which is higher than the $37,145 average annual salary of an accounts payable assistant.

The top three skills for an accounting assistant include data entry, customer service and reconciliations. The most important skills for an accounts payable assistant are data entry, purchase orders, and vendor invoices.

Accounting assistant vs accounts payable assistant overview

Accounting AssistantAccounts Payable Assistant
Yearly salary$39,569$37,145
Hourly rate$19.02$17.86
Growth rate-5%-5%
Number of jobs63,94531,341
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 49%
Average age5151
Years of experience66

What does an accounting assistant do?

An accounting assistant is responsible for supporting the daily operations of the business' accounting department, from reviewing financial transactions to the submission of financial reports. Accounting assistants' duties include performing data entry and clerical tasks, maintaining a safe record of account statements, updating and analyzing transactions, verifying the accuracy of financial records, and managing customers and vendors' inquiries as immediate as possible. An accounting assistant must have a broad knowledge of the accounting principles and processes, as well as excellent communication and time-management skills, especially on meeting strict deadlines and doing complex tasks as needed.

What does an accounts payable assistant do?

An accounts payable assistant is responsible for monitoring the company's billing transactions, ensuring the accurate and efficient completion of the business' financial obligations. Accounts payable assistants process invoices, resolve account discrepancies, manage bank reconciliation, create expense reports, and updating account information on the company's database. They work within a team of the accounting and finance department, assisting with tax filing and audit processes as needed. An accounts payable assistant must have excellent knowledge of the financial industry and accounting principles to perform various duties, as well as doing administrative and clerical tasks as needed.

Accounting assistant vs accounts payable assistant salary

Accounting assistants and accounts payable assistants have different pay scales, as shown below.

Accounting AssistantAccounts Payable Assistant
Average salary$39,569$37,145
Salary rangeBetween $30,000 And $50,000Between $29,000 And $46,000
Highest paying CityWashington, DCSanta Cruz, CA
Highest paying stateNew YorkCalifornia
Best paying companyLos Alamos National LaboratoryEmerson College
Best paying industryFinanceConstruction

Differences between accounting assistant and accounts payable assistant education

There are a few differences between an accounting assistant and an accounts payable assistant in terms of educational background:

Accounting AssistantAccounts Payable Assistant
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 49%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting assistant vs accounts payable assistant demographics

Here are the differences between accounting assistants' and accounts payable assistants' demographics:

Accounting AssistantAccounts Payable Assistant
Average age5151
Gender ratioMale, 20.1% Female, 79.9%Male, 15.2% Female, 84.8%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounting assistant and accounts payable assistant duties and responsibilities

Accounting assistant example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Participate in weekly, monthly, quarterly, and yearly audits to ensure SOX compliance and propose opportunities for improvement.
  • Meet with account teams to discuss job structure, new projects, client requests, billing procedures, and SOX requirements.
  • Reconcile departmental report cash against banking ACH transactions.
  • Process mortgage portfolio monthly payments and interest accruals.
  • Utilize online system for calculating payroll and family tuition payments.
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Accounts payable assistant example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Issue weekly payments to vendors by check, ACH, domestic wire, and international wire in USD and other currencies.
  • Assist in accounts payable/receivable including check deposits, credit card payments, ACH payments, credits, check runs, etc.
  • Compose effective accounting reports summarizing accounts payable data using QuickBooks.
  • Prepare payroll for salary and hourly personnel, including necessary reports for regulatory bodies.
  • Respond to payroll accounting inquires; provide resolution, information, or direction accordingly.
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Accounting assistant vs accounts payable assistant skills

Common accounting assistant skills
  • Data Entry, 13%
  • Customer Service, 11%
  • Reconciliations, 8%
  • Purchase Orders, 7%
  • Credit Card Payments, 6%
  • General Ledger Accounts, 5%
Common accounts payable assistant skills
  • Data Entry, 15%
  • Purchase Orders, 10%
  • Vendor Invoices, 9%
  • Payroll, 6%
  • Vendor Statements, 5%
  • Financial Reports, 4%

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