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Accounting coordinator vs collections coordinator

The differences between accounting coordinators and collections coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an accounting coordinator, becoming a collections coordinator takes usually requires 6-12 months. Additionally, an accounting coordinator has an average salary of $44,639, which is higher than the $37,938 average annual salary of a collections coordinator.

The top three skills for an accounting coordinator include customer service, reconciliations and data entry. The most important skills for a collections coordinator are customer service, patients, and phone calls.

Accounting coordinator vs collections coordinator overview

Accounting CoordinatorCollections Coordinator
Yearly salary$44,639$37,938
Hourly rate$21.46$18.24
Growth rate-5%-8%
Number of jobs63,12940,113
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 48%
Average age5146
Years of experience612

What does an accounting coordinator do?

An accounting coordinator is responsible for assisting the operations of the organization's accounting department, processing financial reports, and serving as a liaison between the accounting staff and other department personnel or external parties. Accounting coordinators maintain a record of accounts payable and receivables, issuing invoices, updating account statements, resolving account discrepancies, and managing bank reconciliations. They also help with tax audits, as well as performing bookkeeping functions and other administrative tasks as needed. An accounting coordinator must have excellent analytical skills and knowledge of accounting principles and disciplines.

What does a collections coordinator do?

Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.

Accounting coordinator vs collections coordinator salary

Accounting coordinators and collections coordinators have different pay scales, as shown below.

Accounting CoordinatorCollections Coordinator
Average salary$44,639$37,938
Salary rangeBetween $34,000 And $58,000Between $30,000 And $47,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkConnecticut
Best paying companyCleary Gottlieb Steen & HamiltonUniversity of California, Berkeley
Best paying industryManufacturingProfessional

Differences between accounting coordinator and collections coordinator education

There are a few differences between an accounting coordinator and a collections coordinator in terms of educational background:

Accounting CoordinatorCollections Coordinator
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 48%
Most common majorAccountingBusiness
Most common collegeUniversity of Pennsylvania-

Accounting coordinator vs collections coordinator demographics

Here are the differences between accounting coordinators' and collections coordinators' demographics:

Accounting CoordinatorCollections Coordinator
Average age5146
Gender ratioMale, 23.3% Female, 76.7%Male, 26.6% Female, 73.4%
Race ratioBlack 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%Black or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5%
LGBT Percentage7%8%

Differences between accounting coordinator and collections coordinator duties and responsibilities

Accounting coordinator example responsibilities.

  • Train and manage employees in payroll operations, and achieve significant improvements in their productivity.
  • Manage accounting in QuickBooks, scheduling and material purchasing
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Conduct online research, in order to acquire detail commission statements for commission ACH bank deposits and commission checks.
  • Perform complex account reconciliations and analysis to ensure proper support and documentation for balance sheet and income statement account balances.
  • Import previous day's invoices from POS system into QuickBooks using custom software correcting invoices as necessary to permit importing.
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Collections coordinator example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Manage accounts receivable/payment, insurance billing and follow-up for a solo physician clinic, and direct communication with patients regarding bills.
  • Audit outstanding accounts and resolve any balances including calling Medicare, Medicaid, government, private or commercial insurances.
  • Perform daily follow-up on Medicare, Medicaid, workers compensation and commercial insurances.
  • Hand illustrate fully render with marker and colore pencil sketches and Photoshop render drawings.
  • Submit insurance appeals and provider disputes when necessary.
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Accounting coordinator vs collections coordinator skills

Common accounting coordinator skills
  • Customer Service, 12%
  • Reconciliations, 9%
  • Data Entry, 8%
  • Purchase Orders, 5%
  • General Ledger Accounts, 4%
  • Credit Card Payments, 4%
Common collections coordinator skills
  • Customer Service, 15%
  • Patients, 12%
  • Phone Calls, 6%
  • Collection Efforts, 4%
  • Delinquent Accounts, 4%
  • Appeals, 4%

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