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Accounting clerk lead vs accounts receivable clerk

The differences between accounting clerks lead and accounts receivable clerks 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 clerk lead and an accounts receivable clerk. Additionally, an accounting clerk lead has an average salary of $70,816, which is higher than the $36,425 average annual salary of an accounts receivable clerk.

The top three skills for an accounting clerk lead include general ledger, HR and GAAP. The most important skills for an accounts receivable clerk are customer service, data entry, and collection calls.

Accounting clerk lead vs accounts receivable clerk overview

Accounting Clerk LeadAccounts Receivable Clerk
Yearly salary$70,816$36,425
Hourly rate$34.05$17.51
Growth rate-5%-5%
Number of jobs100,88687,935
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 36%
Average age5151
Years of experience66

What does an accounting clerk lead do?

Accounting Clerk Leads are professionals who are responsible for leading a team of junior-level clerks to maintain a record of a wide range of financial transactions for an organization. These clerks are required to settle and update general ledger accounts by reviewing the month-end process. They are required to develop and implement accounting policies and procedures by following the generally accepted accounting principles (GAAP) to ensure external financial statements and internal management reports. Accounting clerk leads must also coordinate all accounting activities related to internal controls.

What does an accounts receivable clerk do?

An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. Among the duties include calculating total revenues and unpaid invoices, maintaining financial records and keeping a detailed and organized database, and verifying financial transactions and payment delinquencies. Furthermore, an Accounts Receivable Clerk must resolve and examine deductions, prepare invoices and necessary documentation, and review customer payment plans and history records and coordinate with the collections department should there be any issues.

Accounting clerk lead vs accounts receivable clerk salary

Accounting clerks lead and accounts receivable clerks have different pay scales, as shown below.

Accounting Clerk LeadAccounts Receivable Clerk
Average salary$70,816$36,425
Salary rangeBetween $42,000 And $118,000Between $29,000 And $45,000
Highest paying CitySan Francisco, CABoston, MA
Highest paying stateCaliforniaMassachusetts
Best paying companySquareIBM
Best paying industryManufacturingFinance

Differences between accounting clerk lead and accounts receivable clerk education

There are a few differences between an accounting clerk lead and an accounts receivable clerk in terms of educational background:

Accounting Clerk LeadAccounts Receivable Clerk
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 36%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting clerk lead vs accounts receivable clerk demographics

Here are the differences between accounting clerks lead' and accounts receivable clerks' demographics:

Accounting Clerk LeadAccounts Receivable Clerk
Average age5151
Gender ratioMale, 26.1% Female, 73.9%Male, 13.7% Female, 86.3%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.4% 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 clerk lead and accounts receivable clerk duties and responsibilities

Accounting clerk lead example responsibilities.

  • Manage weekly, monthly, and quarterly accruals and SOX reporting.
  • Lead the conversion to new trading software that enhance cash management and treasury reporting.
  • Prepare monthly trust experience reports, including reconciliations of trust contributions and disbursements.
  • Prepare adjusting journal entries, reconcile general accounts, and conduct bank reconciliations.
  • Conduct internal control testing and provide controllership operating framework data metrics for SOX compliance.
  • Establish feasibility of payroll function consolidation from individual facilities to single location, resulting in reduction of headcount and cost savings.
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Accounts receivable clerk example responsibilities.

  • Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
  • Utilize QuickBooks accounting software for billing/invoices, generate statements.
  • Perform necessary adjustments using knowledge of Medicare and all third party insurance.
  • Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.
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Accounting clerk lead vs accounts receivable clerk skills

Common accounting clerk lead skills
  • General Ledger, 13%
  • HR, 13%
  • GAAP, 9%
  • Reconciliations, 9%
  • Invoice, 5%
  • Internal Controls, 5%
Common accounts receivable clerk skills
  • Customer Service, 12%
  • Data Entry, 9%
  • Collection Calls, 8%
  • Financial Data, 7%
  • Credit Card Payments, 5%
  • Process Payments, 5%

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