Accounts receivable assistant vs collections/accounts receivable

The differences between accounts receivable assistants and collections/accounts receivables 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 receivable assistant, becoming a collections/accounts receivable takes usually requires 6-12 months. Additionally, a collections/accounts receivable has an average salary of $38,949, which is higher than the $36,730 average annual salary of an accounts receivable assistant.

The top three skills for an accounts receivable assistant include customer service, data entry and cash handling. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.

Accounts receivable assistant vs collections/accounts receivable overview

	Accounts Receivable Assistant	Collections/Accounts Receivable
Yearly salary	$36,730	$38,949
Hourly rate	$17.66	$18.73
Growth rate	-5%	-8%
Number of jobs	31,748	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 44%	Bachelor's Degree, 40%
Average age	51	46
Years of experience	6	12

What does an accounts receivable assistant do?

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.

What does a collections/accounts receivable do?

An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.

Accounts receivable assistant vs collections/accounts receivable salary

Accounts receivable assistants and collections/accounts receivables have different pay scales, as shown below.

	Accounts Receivable Assistant	Collections/Accounts Receivable
Average salary	$36,730	$38,949
Salary range	Between $29,000 And $46,000	Between $30,000 And $49,000
Highest paying City	Boston, MA	Boston, MA
Highest paying state	New York	Connecticut
Best paying company	University of California, Berkeley	Apollo Global Management
Best paying industry	Professional	Finance

Differences between accounts receivable assistant and collections/accounts receivable education

There are a few differences between an accounts receivable assistant and a collections/accounts receivable in terms of educational background:

	Accounts Receivable Assistant	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 44%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Accounts receivable assistant vs collections/accounts receivable demographics

Here are the differences between accounts receivable assistants' and collections/accounts receivables' demographics:

	Accounts Receivable Assistant	Collections/Accounts Receivable
Average age	51	46
Gender ratio	Male, 20.4% Female, 79.6%	Male, 25.3% Female, 74.7%
Race ratio	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%	Black or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between accounts receivable assistant and collections/accounts receivable duties and responsibilities

Accounts receivable assistant example responsibilities.

Reconcile bank deposit information with QuickBooks and manage all deposit files.
Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Post customer payments by recording ACH, checks, and credit card transactions.
Inventory control using IBM AS400 system.
Maintain invoicing in AS400 billing system, reviewing collection activities and reconciling accounts.
Take in and disburse payments from customers in forms of checks, credit cards, ACH, and portal payments.

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Accounts receivable assistant vs collections/accounts receivable skills

Common accounts receivable assistant skills

Customer Service, 25%
Data Entry, 10%
Cash Handling, 7%
Financial Reports, 4%
Purchase Orders, 4%
Payroll, 4%

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

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Accounts Receivable Assistant vs Collections/Accounts Receivable

Updated January 8, 2025

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