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The differences between billing assistants and finance assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a billing assistant and a finance assistant. Additionally, a finance assistant has an average salary of $37,926, which is higher than the $33,745 average annual salary of a billing assistant.
The top three skills for a billing assistant include patients, data entry and medicaid. The most important skills for a finance assistant are customer service, data entry, and payroll.
| Billing Assistant | Finance Assistant | |
| Yearly salary | $33,745 | $37,926 |
| Hourly rate | $16.22 | $18.23 |
| Growth rate | -3% | -8% |
| Number of jobs | 34,070 | 118,749 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 59% |
| Average age | 46 | 50 |
| Years of experience | 2 | 2 |
A billing assistant is primarily in charge of performing support tasks to maintain smooth billing operations in an establishment. Their responsibilities typically include preparing and processing invoices for clients, sending billing adjustments, printing and reviewing invoices and billings, receiving payments, and monitoring delinquent invoices, sending reminders as necessary. They may also close and balance payments, calculate discounts, and maintain records of all transactions. Moreover, a billing assistant must be alert and proactive for any errors and inconsistencies, dealing with them accordingly.
A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.
Billing assistants and finance assistants have different pay scales, as shown below.
| Billing Assistant | Finance Assistant | |
| Average salary | $33,745 | $37,926 |
| Salary range | Between $27,000 And $41,000 | Between $27,000 And $52,000 |
| Highest paying City | Baltimore, MD | Washington, DC |
| Highest paying state | Washington | Connecticut |
| Best paying company | University of California, Berkeley | Boston Consulting Group |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a billing assistant and a finance assistant in terms of educational background:
| Billing Assistant | Finance Assistant | |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between billing assistants' and finance assistants' demographics:
| Billing Assistant | Finance Assistant | |
| Average age | 46 | 50 |
| Gender ratio | Male, 14.2% Female, 85.8% | Male, 24.9% Female, 75.1% |
| Race ratio | Black or African American, 10.2% Unknown, 4.3% Hispanic or Latino, 22.0% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8% | Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 7% | 6% |