Accounts receivable clerk vs finance clerk

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

Accounts receivable clerk vs finance clerk overview

	Accounts Receivable Clerk	Finance Clerk
Yearly salary	$36,425	$39,225
Hourly rate	$17.51	$18.86
Growth rate	-5%	-5%
Number of jobs	87,935	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 36%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

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 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 clerk vs finance clerk salary

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

	Accounts Receivable Clerk	Finance Clerk
Average salary	$36,425	$39,225
Salary range	Between $29,000 And $45,000	Between $27,000 And $56,000
Highest paying City	Boston, MA	New York, NY
Highest paying state	Massachusetts	New York
Best paying company	IBM	United States Courts
Best paying industry	Finance	Government

Differences between accounts receivable clerk and finance clerk education

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

	Accounts Receivable Clerk	Finance Clerk
Most common degree	Bachelor's Degree, 36%	Bachelor's Degree, 44%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounts receivable clerk vs finance clerk demographics

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

	Accounts Receivable Clerk	Finance Clerk
Average age	51	51
Gender ratio	Male, 13.7% Female, 86.3%	Male, 26.2% Female, 73.8%
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, 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 clerk and finance clerk 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.

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 clerk vs finance clerk 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 finance clerk skills

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

Accounts Receivable Clerk vs. similar jobs

Accounts Receivable Clerk related careers

Accounts Receivable Clerk related jobs

Accounts Receivable Clerk jobs by location

Zippia Careers
Office and Administrative Industry
Accounts Receivable Clerk
Accounts Receivable Clerk vs Finance Clerk

Updated January 8, 2025

Browse office and administrative jobs