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The differences between accounts payable associates and accounts receivable 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 accounts payable associate and an accounts receivable assistant. Additionally, an accounts payable associate has an average salary of $39,270, which is higher than the $36,730 average annual salary of an accounts receivable assistant.
The top three skills for an accounts payable associate include customer service, data entry and purchase orders. The most important skills for an accounts receivable assistant are customer service, data entry, and cash handling.
| Accounts Payable Associate | Accounts Receivable Assistant | |
| Yearly salary | $39,270 | $36,730 |
| Hourly rate | $18.88 | $17.66 |
| Growth rate | -5% | -5% |
| Number of jobs | 30,845 | 31,748 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 44% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
An accounts payable associate is primarily responsible for processing bills and payments for a company, ensuring accuracy and timeliness. Moreover, they are also responsible for maintaining records of all transactions, liaising with external agencies, coordinating with different departments to gather data, receiving and monitoring invoices, and obtaining approval from managers or supervisors when it comes to payments as needed. An accounts payable associate may also produce financial reports and statements, create presentations, train new members of the workforce, and assist audits, all while adhering to the company's policies and regulations.
An accounts receivable assistant has a variety of duties and responsibilities, including securing revenue by verifying receipts, maintaining records by microfilming debits, credits, and invoices, and summarizing receivables by maintaining invoices and determining the validity of account discrepancies. Other duties include keeping information confidential to protect the organization's value, accomplishing the organization and accounting mission, and resolving valid and authorized deductions. As an accounts receivable assistant, you are also responsible for posting customer payments by recording credit card, cash, and check transactions.
Accounts payable associates and accounts receivable assistants have different pay scales, as shown below.
| Accounts Payable Associate | Accounts Receivable Assistant | |
| Average salary | $39,270 | $36,730 |
| Salary range | Between $31,000 And $49,000 | Between $29,000 And $46,000 |
| Highest paying City | Cambridge, MA | Boston, MA |
| Highest paying state | Alaska | New York |
| Best paying company | Accenture | University of California, Berkeley |
| Best paying industry | Construction | Professional |
There are a few differences between an accounts payable associate and an accounts receivable assistant in terms of educational background:
| Accounts Payable Associate | Accounts Receivable Assistant | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 44% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounts payable associates' and accounts receivable assistants' demographics:
| Accounts Payable Associate | Accounts Receivable Assistant | |
| Average age | 51 | 51 |
| Gender ratio | Male, 20.6% Female, 79.4% | Male, 20.4% Female, 79.6% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6% | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |