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The differences between accounts receivable managers and management accounts managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accounts receivable manager and a management accounts manager. Additionally, a management accounts manager has an average salary of $91,681, which is higher than the $69,403 average annual salary of an accounts receivable manager.
The top three skills for an accounts receivable manager include customer service, accounts receivables and financial reports. The most important skills for a management accounts manager are customer service, client facing, and project management.
| Accounts Receivable Manager | Management Accounts Manager | |
| Yearly salary | $69,403 | $91,681 |
| Hourly rate | $33.37 | $44.08 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,859 | 113,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 69% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
Accounts receivable managers and management accounts managers have different pay scales, as shown below.
| Accounts Receivable Manager | Management Accounts Manager | |
| Average salary | $69,403 | $91,681 |
| Salary range | Between $42,000 And $114,000 | Between $66,000 And $125,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Energy |
There are a few differences between an accounts receivable manager and a management accounts manager in terms of educational background:
| Accounts Receivable Manager | Management Accounts Manager | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounts receivable managers' and management accounts managers' demographics:
| Accounts Receivable Manager | Management Accounts Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 25.0% Female, 75.0% | Male, 48.6% Female, 51.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |