Accounts receivable clerk vs accounts receivable analyst

The differences between accounts receivable clerks and accounts receivable 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 receivable clerk, becoming an accounts receivable analyst takes usually requires 6-12 months. Additionally, an accounts receivable analyst has an average salary of $43,692, which is higher than the $36,425 average annual salary of an accounts receivable clerk.

The top three skills for an accounts receivable clerk include customer service, data entry and collection calls. The most important skills for an accounts receivable analyst are customer service, reconciliations, and customer accounts.

Accounts receivable clerk vs accounts receivable analyst overview

	Accounts Receivable Clerk	Accounts Receivable Analyst
Yearly salary	$36,425	$43,692
Hourly rate	$17.51	$21.01
Growth rate	-5%	-8%
Number of jobs	87,935	26,558
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 36%	Bachelor's Degree, 61%
Average age	51	46
Years of experience	6	12

What does an accounts receivable clerk do?

An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. Among the duties include calculating total revenues and unpaid invoices, maintaining financial records and keeping a detailed and organized database, and verifying financial transactions and payment delinquencies. Furthermore, an Accounts Receivable Clerk must resolve and examine deductions, prepare invoices and necessary documentation, and review customer payment plans and history records and coordinate with the collections department should there be any issues.

What does an accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

Accounts receivable clerk vs accounts receivable analyst salary

Accounts receivable clerks and accounts receivable analysts have different pay scales, as shown below.

	Accounts Receivable Clerk	Accounts Receivable Analyst
Average salary	$36,425	$43,692
Salary range	Between $29,000 And $45,000	Between $33,000 And $57,000
Highest paying City	Boston, MA	Arlington, VA
Highest paying state	Massachusetts	Connecticut
Best paying company	IBM	Pacific Investment Management Company LLC
Best paying industry	Finance	Hospitality

Differences between accounts receivable clerk and accounts receivable analyst education

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

	Accounts Receivable Clerk	Accounts Receivable Analyst
Most common degree	Bachelor's Degree, 36%	Bachelor's Degree, 61%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	-

Accounts receivable clerk vs accounts receivable analyst demographics

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

	Accounts Receivable Clerk	Accounts Receivable Analyst
Average age	51	46
Gender ratio	Male, 13.7% Female, 86.3%	Male, 29.4% Female, 70.6%
Race ratio	Black 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, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	8%

Differences between accounts receivable clerk and accounts receivable analyst duties and responsibilities

Accounts receivable clerk example responsibilities.

Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
Utilize QuickBooks accounting software for billing/invoices, generate statements.
Perform necessary adjustments using knowledge of Medicare and all third party insurance.
Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.

Accounts receivable analyst example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.
Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.

Accounts receivable clerk vs accounts receivable analyst skills

Common accounts receivable clerk skills

Customer Service, 12%
Data Entry, 9%
Collection Calls, 8%
Financial Data, 7%
Credit Card Payments, 5%
Process Payments, 5%

Common accounts receivable analyst skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Accounts Receivable Clerk
Accounts Receivable Clerk vs Accounts Receivable Analyst

Updated January 8, 2025

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