Balance clerk vs accounts receivable clerk

The differences between balance clerks and accounts receivable clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a balance clerk and an accounts receivable clerk. Additionally, a balance clerk has an average salary of $37,281, which is higher than the $36,425 average annual salary of an accounts receivable clerk.

The top three skills for a balance clerk include data entry, bank deposits and check images. The most important skills for an accounts receivable clerk are customer service, data entry, and collection calls.

Balance clerk vs accounts receivable clerk overview

	Balance Clerk	Accounts Receivable Clerk
Yearly salary	$37,281	$36,425
Hourly rate	$17.92	$17.51
Growth rate	-5%	-5%
Number of jobs	66,377	87,935
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 36%
Average age	51	51
Years of experience	6	6

Balance clerk vs accounts receivable clerk salary

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

	Balance Clerk	Accounts Receivable Clerk
Average salary	$37,281	$36,425
Salary range	Between $29,000 And $46,000	Between $29,000 And $45,000
Highest paying City	-	Boston, MA
Highest paying state	-	Massachusetts
Best paying company	-	IBM
Best paying industry	-	Finance

Differences between balance clerk and accounts receivable clerk education

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

	Balance Clerk	Accounts Receivable Clerk
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 36%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Balance clerk vs accounts receivable clerk demographics

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

	Balance Clerk	Accounts Receivable Clerk
Average age	51	51
Gender ratio	Male, 21.1% Female, 78.9%	Male, 13.7% Female, 86.3%
Race ratio	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%	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%
LGBT Percentage	7%	7%

Differences between balance clerk and accounts receivable clerk duties and responsibilities

Balance clerk example responsibilities.

Manage multiple deadlines for numerous payroll divisions and complex division budget reports with accurately and efficiently.
Maintain and provide timely and accurate reconciliations of various general ledger accounts and perform special projects as assigned.
Reconcile and balance multi-million dollar business & individual accounts, using QuickBooks.

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.

Balance clerk vs accounts receivable clerk skills

Common balance clerk skills

Data Entry, 21%
Bank Deposits, 15%
Check Images, 14%
Credit Balances, 10%
Customer Accounts, 7%
Financial Institutions, 6%

Common accounts receivable clerk skills

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

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Balance Clerk
Balance Clerk vs Accounts Receivable Clerk

Updated January 8, 2025

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