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The differences between accounts receivable specialists and cash application specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an accounts receivable specialist, becoming a cash application specialist takes usually requires 4-6 years. Additionally, an accounts receivable specialist has an average salary of $39,873, which is higher than the $37,558 average annual salary of a cash application specialist.
The top three skills for an accounts receivable specialist include customer service, patients and data entry. The most important skills for a cash application specialist are customer service, cash application, and patients.
| Accounts Receivable Specialist | Cash Application Specialist | |
| Yearly salary | $39,873 | $37,558 |
| Hourly rate | $19.17 | $18.06 |
| Growth rate | -8% | -5% |
| Number of jobs | 61,988 | 63,925 |
| Job satisfaction | 4.5 | 4 |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 44% |
| Average age | 46 | 51 |
| Years of experience | 12 | 6 |
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.
Cash Application Specialists handle a variety of tasks related to company finances. They manage the organization of the company's financial records and oversee the overall cash inflow. They may also be assigned to handle payment collection, preparation of invoices, and receipts' issuance. They manage their relationship with their counterparts in client organizations to ensure a harmonious work relationship. This will help them follow up payments, communicate better, and resolve any concerns. Cash application specialists are also in charge of updating client records and ensuring that clients' payments are accurate. They also process refunds and facilitate other financial transactions.
Accounts receivable specialists and cash application specialists have different pay scales, as shown below.
| Accounts Receivable Specialist | Cash Application Specialist | |
| Average salary | $39,873 | $37,558 |
| Salary range | Between $31,000 And $50,000 | Between $29,000 And $48,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Connecticut | Delaware |
| Best paying company | InfosysPublicService | Datamatics |
| Best paying industry | Technology | Transportation |
There are a few differences between an accounts receivable specialist and a cash application specialist in terms of educational background:
| Accounts Receivable Specialist | Cash Application Specialist | |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 44% |
| Most common major | Business | Accounting |
| Most common college | - | University of Pennsylvania |
Here are the differences between accounts receivable specialists' and cash application specialists' demographics:
| Accounts Receivable Specialist | Cash Application Specialist | |
| Average age | 46 | 51 |
| Gender ratio | Male, 18.2% Female, 81.8% | Male, 19.3% Female, 80.7% |
| Race ratio | 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% | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 8% | 7% |