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The differences between billing associates and finance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a billing associate, becoming a finance clerk takes usually requires 4-6 years. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $34,612 average annual salary of a billing associate.
The top three skills for a billing associate include patients, customer service and data entry. The most important skills for a finance clerk are data entry, purchase orders, and HR.
| Billing Associate | Finance Clerk | |
| Yearly salary | $34,612 | $39,225 |
| Hourly rate | $16.64 | $18.86 |
| Growth rate | -3% | -5% |
| Number of jobs | 23,835 | 143,372 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 43% | Bachelor's Degree, 44% |
| Average age | 46 | 51 |
| Years of experience | 2 | 6 |
A billing associate is responsible for processing payments and invoices for customers and ensuring accurate financial reports for auditing purposes. Billing associates utilize the business' accounting systems to monitor billing transactions and resolve account discrepancies accordingly. They also update customer records in the database, post payments timely, and escalate outstanding bills to the supervisor for resolution. A billing associate reaches out to the clients and customers for payment responsibility and respond to the inquiries and concerns they may have.
Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.
Billing associates and finance clerks have different pay scales, as shown below.
| Billing Associate | Finance Clerk | |
| Average salary | $34,612 | $39,225 |
| Salary range | Between $27,000 And $42,000 | Between $27,000 And $56,000 |
| Highest paying City | Vancouver, WA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Huron Consulting Group | United States Courts |
| Best paying industry | Technology | Government |
There are a few differences between a billing associate and a finance clerk in terms of educational background:
| Billing Associate | Finance Clerk | |
| Most common degree | Bachelor's Degree, 43% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between billing associates' and finance clerks' demographics:
| Billing Associate | Finance Clerk | |
| Average age | 46 | 51 |
| Gender ratio | Male, 20.6% Female, 79.4% | Male, 26.2% Female, 73.8% |
| Race ratio | Black or African American, 10.7% Unknown, 4.4% Hispanic or Latino, 18.5% Asian, 7.6% White, 58.0% American Indian and Alaska Native, 0.9% | 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% |