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Accounts payable lead vs billing analyst

The differences between accounts payable leads and billing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an accounts payable lead, becoming a billing analyst takes usually requires 1-2 years. Additionally, an accounts payable lead has an average salary of $57,175, which is higher than the $51,544 average annual salary of a billing analyst.

The top three skills for an accounts payable lead include FAA, purchase orders and vendor invoices. The most important skills for a billing analyst are customer service, patients, and billing issues.

Accounts payable lead vs billing analyst overview

Accounts Payable LeadBilling Analyst
Yearly salary$57,175$51,544
Hourly rate$27.49$24.78
Growth rate-5%-3%
Number of jobs31,04130,566
Job satisfaction--
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 59%
Average age5146
Years of experience62

What does an accounts payable lead do?

Accounts payable leads are accounting professionals who are responsible for leading a team of professionals that manage the company's accounts payable, a short-term debt payment that needs to be paid to avoid default. These professionals are required to evaluate vendor invoices and prepare payments to pay vendors while preparing the daily expense reports. They must create the general ledger at the end of the month to reconcile closing balances. Accounts payable leads must also assist purchasing agents in resolving vendor or customer issues that pertained to inaccurate information on purchase orders.

What does a billing analyst do?

A billing analyst is responsible for supporting the operations of an accounting department, evaluating and issuing invoices, and analyzing the financial transactions of the company. Billing analysts assist with creating financial statements and reports, managing billing discrepancies, updating recent account statements on the company's database, and checking the accuracy of balance sheets. A billing analyst must have excellent analytical skills, as well as the knowledge of the accounting principles, performing account reconciliations, processing receivables, and tracking clients' billing statements.

Accounts payable lead vs billing analyst salary

Accounts payable leads and billing analysts have different pay scales, as shown below.

Accounts Payable LeadBilling Analyst
Average salary$57,175$51,544
Salary rangeBetween $41,000 And $79,000Between $35,000 And $73,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkAlaska
Best paying companyNV EnergyMeta
Best paying industryTechnologyFinance

Differences between accounts payable lead and billing analyst education

There are a few differences between an accounts payable lead and a billing analyst in terms of educational background:

Accounts Payable LeadBilling Analyst
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 59%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounts payable lead vs billing analyst demographics

Here are the differences between accounts payable leads' and billing analysts' demographics:

Accounts Payable LeadBilling Analyst
Average age5146
Gender ratioMale, 28.7% Female, 71.3%Male, 29.7% Female, 70.3%
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, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage7%7%

Differences between accounts payable lead and billing analyst duties and responsibilities

Accounts payable lead example responsibilities.

  • Manage weekly payment scheduling to expedite and efficiently meet vendor payment deadlines; including check run dates, wires and ACH.
  • Manage payroll transactions utilizing ADP payroll software.
  • Process check runs: set payments within the system, verify accuracy, and print checks launch ACH payments.
  • Assist in the implementation of new ERP system by testing and providing information need to meet the accounts payable processes.
  • Process invoices, check requests, employee reimbursements, and credit memos and ensure compliance with SOX documentation and approval guidelines.
  • Transmit monthly payroll information for bank reconciliation.
  • Show more

Billing analyst example responsibilities.

  • Set up, manage, and terminate ACH accounts.
  • Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
  • Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
  • Master sales, events, and reservations systems.
  • Produce month-end reports from IDX for executive staff.
  • Prepare provisional invoices for billing after provisional rates are receive from DCAA.
  • Show more

Accounts payable lead vs billing analyst skills

Common accounts payable lead skills
  • FAA, 7%
  • Purchase Orders, 7%
  • Vendor Invoices, 6%
  • Reconciliations, 6%
  • Data Entry, 5%
  • ACH, 5%
Common billing analyst skills
  • Customer Service, 16%
  • Patients, 7%
  • Billing Issues, 6%
  • Strong Analytical, 5%
  • Billing System, 5%
  • Data Entry, 4%

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