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The differences between cash application specialists and accounting 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 cash application specialist and an accounting clerk. Additionally, an accounting clerk has an average salary of $38,683, which is higher than the $37,558 average annual salary of a cash application specialist.
The top three skills for a cash application specialist include customer service, cash application and patients. The most important skills for an accounting clerk are data entry, customer service, and purchase orders.
| Cash Application Specialist | Accounting Clerk | |
| Yearly salary | $37,558 | $38,683 |
| Hourly rate | $18.06 | $18.60 |
| Growth rate | -5% | -5% |
| Number of jobs | 63,925 | 106,969 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 49% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
Cash Application Specialists handle a variety of tasks related to company finances. They manage the organization of the company's financial records and oversee the overall cash inflow. They may also be assigned to handle payment collection, preparation of invoices, and receipts' issuance. They manage their relationship with their counterparts in client organizations to ensure a harmonious work relationship. This will help them follow up payments, communicate better, and resolve any concerns. Cash application specialists are also in charge of updating client records and ensuring that clients' payments are accurate. They also process refunds and facilitate other financial transactions.
Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored. They validate records and check whether these are updated. They also sort through documents to ensure that they are in their proper storage bins. Aside from document handling, they also help with creating and validating financial statements and bookkeeping. As such, accounting clerks should have a strong background in accounting to manage their tasks better.
Cash application specialists and accounting clerks have different pay scales, as shown below.
| Cash Application Specialist | Accounting Clerk | |
| Average salary | $37,558 | $38,683 |
| Salary range | Between $29,000 And $48,000 | Between $29,000 And $51,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Delaware | New York |
| Best paying company | Datamatics | Wilson Elser Moskowitz Edelman & Dicker Llp |
| Best paying industry | Transportation | Government |
There are a few differences between a cash application specialist and an accounting clerk in terms of educational background:
| Cash Application Specialist | Accounting Clerk | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 49% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cash application specialists' and accounting clerks' demographics:
| Cash Application Specialist | Accounting Clerk | |
| Average age | 51 | 51 |
| Gender ratio | Male, 19.3% Female, 80.7% | Male, 20.0% Female, 80.0% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6% | 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% |