Balance clerk vs finance clerk

The differences between balance 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 a balance clerk and a finance clerk. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $37,281 average annual salary of a balance clerk.

The top three skills for a balance clerk include data entry, bank deposits and check images. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Balance clerk vs finance clerk overview

	Balance Clerk	Finance Clerk
Yearly salary	$37,281	$39,225
Hourly rate	$17.92	$18.86
Growth rate	-5%	-5%
Number of jobs	66,377	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

Balance clerk vs finance clerk salary

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

	Balance Clerk	Finance Clerk
Average salary	$37,281	$39,225
Salary range	Between $29,000 And $46,000	Between $27,000 And $56,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	United States Courts
Best paying industry	-	Government

Differences between balance clerk and finance clerk education

There are a few differences between a balance clerk and a finance clerk in terms of educational background:

	Balance Clerk	Finance Clerk
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Balance clerk vs finance clerk demographics

Here are the differences between balance clerks' and finance clerks' demographics:

	Balance Clerk	Finance Clerk
Average age	51	51
Gender ratio	Male, 21.1% Female, 78.9%	Male, 26.2% Female, 73.8%
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, 6.9% 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 balance clerk and finance 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.

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.

Balance clerk vs finance 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 finance clerk skills

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