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The differences between accounts receivable managers and accounts receivable specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an accounts receivable manager, becoming an accounts receivable specialist takes usually requires 6-12 months. Additionally, an accounts receivable manager has an average salary of $69,403, which is higher than the $39,873 average annual salary of an accounts receivable specialist.
The top three skills for an accounts receivable manager include customer service, accounts receivables and financial reports. The most important skills for an accounts receivable specialist are customer service, patients, and data entry.
| Accounts Receivable Manager | Accounts Receivable Specialist | |
| Yearly salary | $69,403 | $39,873 |
| Hourly rate | $33.37 | $19.17 |
| Growth rate | 17% | -8% |
| Number of jobs | 53,859 | 61,988 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 45% |
| Average age | 46 | 46 |
| Years of experience | 8 | 12 |
An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.
Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.
Accounts receivable managers and accounts receivable specialists have different pay scales, as shown below.
| Accounts Receivable Manager | Accounts Receivable Specialist | |
| Average salary | $69,403 | $39,873 |
| Salary range | Between $42,000 And $114,000 | Between $31,000 And $50,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Connecticut |
| Best paying company | Meta | InfosysPublicService |
| Best paying industry | Technology | Technology |
There are a few differences between an accounts receivable manager and an accounts receivable specialist in terms of educational background:
| Accounts Receivable Manager | Accounts Receivable Specialist | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 45% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between accounts receivable managers' and accounts receivable specialists' demographics:
| Accounts Receivable Manager | Accounts Receivable Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 25.0% Female, 75.0% | Male, 18.2% Female, 81.8% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% American Indian and Alaska Native, 0.3% | Black or African American, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 8% |