Bank accountant vs accounting clerk

The differences between bank accountants and accounting clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a bank accountant, becoming an accounting clerk takes usually requires 4-6 years. Additionally, a bank accountant has an average salary of $52,142, which is higher than the $38,683 average annual salary of an accounting clerk.

The top three skills for a bank accountant include reconciliations, general ledger and financial statements. The most important skills for an accounting clerk are data entry, customer service, and purchase orders.

Bank accountant vs accounting clerk overview

	Bank Accountant	Accounting Clerk
Yearly salary	$52,142	$38,683
Hourly rate	$25.07	$18.60
Growth rate	6%	-5%
Number of jobs	43,750	106,969
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 49%
Average age	44	51
Years of experience	4	6

Bank accountant vs accounting clerk salary

Bank accountants and accounting clerks have different pay scales, as shown below.

	Bank Accountant	Accounting Clerk
Average salary	$52,142	$38,683
Salary range	Between $39,000 And $68,000	Between $29,000 And $51,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Wilson Elser Moskowitz Edelman & Dicker Llp
Best paying industry	-	Government

Differences between bank accountant and accounting clerk education

There are a few differences between a bank accountant and an accounting clerk in terms of educational background:

	Bank Accountant	Accounting Clerk
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 49%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs accounting clerk demographics

Here are the differences between bank accountants' and accounting clerks' demographics:

	Bank Accountant	Accounting Clerk
Average age	44	51
Gender ratio	Male, 36.9% Female, 63.1%	Male, 20.0% Female, 80.0%
Race ratio	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between bank accountant and accounting clerk duties and responsibilities

Bank accountant example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Assist in the creation, verification, and transmission of ACH files.
Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
Review of contract documentation to determine billing requirements, reporting requirements and ERP setup for automate invoicing.

Accounting clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Perform balance sheet reconciliations and resolve open items by notifying employees and vendors of transaction discrepancies.
Assist in monthly financial close process by analyzing preliminary departmental expense reports and making necessary adjustments and accruals.
Develop a spreadsheet that pulls all data relate to project hours by operation from the ERP system.
Process all incoming payments receive via ACH, EFT, or the web; ensure accounts are accurately balance and reconcile.
Digitize proof of delivery receipts into ERP system (AS400) serving as an easy backup for employees to verify occurrence.

Bank accountant vs accounting clerk skills

Common bank accountant skills

Reconciliations, 17%
General Ledger, 16%
Financial Statements, 15%
Financial Reports, 5%
Reconcile General Ledger, 5%
Balance Sheet, 5%

Common accounting clerk skills

Data Entry, 15%
Customer Service, 10%
Purchase Orders, 9%
Reconciliations, 6%
Vendor Invoices, 6%
QuickBooks, 3%