Collateral clerk vs accounts payable assistant

The differences between collateral clerks and accounts payable assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a collateral clerk and an accounts payable assistant. Additionally, an accounts payable assistant has an average salary of $37,145, which is higher than the $34,476 average annual salary of a collateral clerk.

The top three skills for a collateral clerk include customer service, data entry and customer accounts. The most important skills for an accounts payable assistant are data entry, purchase orders, and vendor invoices.

Collateral clerk vs accounts payable assistant overview

	Collateral Clerk	Accounts Payable Assistant
Yearly salary	$34,476	$37,145
Hourly rate	$16.57	$17.86
Growth rate	-5%	-5%
Number of jobs	66,388	31,341
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 49%
Average age	51	51
Years of experience	6	6

Collateral clerk vs accounts payable assistant salary

Collateral clerks and accounts payable assistants have different pay scales, as shown below.

	Collateral Clerk	Accounts Payable Assistant
Average salary	$34,476	$37,145
Salary range	Between $24,000 And $48,000	Between $29,000 And $46,000
Highest paying City	-	Santa Cruz, CA
Highest paying state	-	California
Best paying company	-	Emerson College
Best paying industry	-	Construction

Differences between collateral clerk and accounts payable assistant education

There are a few differences between a collateral clerk and an accounts payable assistant in terms of educational background:

	Collateral Clerk	Accounts Payable Assistant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 49%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Collateral clerk vs accounts payable assistant demographics

Here are the differences between collateral clerks' and accounts payable assistants' demographics:

	Collateral Clerk	Accounts Payable Assistant
Average age	51	51
Gender ratio	Male, 21.2% Female, 78.8%	Male, 15.2% Female, 84.8%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.9% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between collateral clerk and accounts payable assistant duties and responsibilities

Collateral clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Compile and organize client data for taxation and litigation purposes; reconcile bank statements.

Accounts payable assistant example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Issue weekly payments to vendors by check, ACH, domestic wire, and international wire in USD and other currencies.
Assist in accounts payable/receivable including check deposits, credit card payments, ACH payments, credits, check runs, etc.
Compose effective accounting reports summarizing accounts payable data using QuickBooks.
Prepare payroll for salary and hourly personnel, including necessary reports for regulatory bodies.
Respond to payroll accounting inquires; provide resolution, information, or direction accordingly.

Collateral clerk vs accounts payable assistant skills

Common collateral clerk skills

Customer Service, 29%
Data Entry, 24%
Customer Accounts, 22%
UCC, 14%
Loan Payments, 12%

Common accounts payable assistant skills

Data Entry, 15%
Purchase Orders, 10%
Vendor Invoices, 9%
Payroll, 6%
Vendor Statements, 5%
Financial Reports, 4%

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Collateral Clerk
Collateral Clerk vs Accounts Payable Assistant

Updated January 8, 2025

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