Accounts receivable assistant vs finance clerk

The differences between accounts receivable assistants and finance 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 accounts receivable assistant and a finance clerk. Additionally, a finance clerk has an average salary of $39,225, 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 finance clerk are data entry, purchase orders, and HR.

Accounts receivable assistant vs finance clerk overview

	Accounts Receivable Assistant	Finance Clerk
Yearly salary	$36,730	$39,225
Hourly rate	$17.66	$18.86
Growth rate	-5%	-5%
Number of jobs	31,748	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 44%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

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 finance clerk do?

Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.

Accounts receivable assistant vs finance clerk salary

Accounts receivable assistants and finance clerks have different pay scales, as shown below.

	Accounts Receivable Assistant	Finance Clerk
Average salary	$36,730	$39,225
Salary range	Between $29,000 And $46,000	Between $27,000 And $56,000
Highest paying City	Boston, MA	New York, NY
Highest paying state	New York	New York
Best paying company	University of California, Berkeley	United States Courts
Best paying industry	Professional	Government

Differences between accounts receivable assistant and finance clerk education

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

	Accounts Receivable Assistant	Finance Clerk
Most common degree	Bachelor's Degree, 44%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounts receivable assistant vs finance clerk demographics

Here are the differences between accounts receivable assistants' and finance clerks' demographics:

	Accounts Receivable Assistant	Finance Clerk
Average age	51	51
Gender ratio	Male, 20.4% Female, 79.6%	Male, 26.2% Female, 73.8%
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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between accounts receivable assistant and finance clerk 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.

Finance clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
Write checks in the QuickBooks software to vendors and to reimburse employees.
Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.

Accounts receivable assistant vs finance clerk skills

Common accounts receivable assistant skills

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

Common finance clerk skills

Data Entry, 16%
Purchase Orders, 9%
HR, 5%
Bank Statements, 5%
Bank Deposits, 5%
Credit Card, 4%

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Accounts Receivable Assistant
Accounts Receivable Assistant vs Finance Clerk

Updated January 8, 2025

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