Collateral clerk vs bookkeeper

The differences between collateral clerks and bookkeepers 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 a bookkeeper. Additionally, a bookkeeper has an average salary of $40,337, 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 a bookkeeper are payroll tax returns, customer service, and reconciliations.

Collateral clerk vs bookkeeper overview

	Collateral Clerk	Bookkeeper
Yearly salary	$34,476	$40,337
Hourly rate	$16.57	$19.39
Growth rate	-5%	-5%
Number of jobs	66,388	38,481
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 46%
Average age	51	51
Years of experience	6	6

Collateral clerk vs bookkeeper salary

Collateral clerks and bookkeepers have different pay scales, as shown below.

	Collateral Clerk	Bookkeeper
Average salary	$34,476	$40,337
Salary range	Between $24,000 And $48,000	Between $30,000 And $52,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	NTT Data International L.L.C.
Best paying industry	-	Manufacturing

Differences between collateral clerk and bookkeeper education

There are a few differences between a collateral clerk and a bookkeeper in terms of educational background:

	Collateral Clerk	Bookkeeper
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 46%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Collateral clerk vs bookkeeper demographics

Here are the differences between collateral clerks' and bookkeepers' demographics:

	Collateral Clerk	Bookkeeper
Average age	51	51
Gender ratio	Male, 21.2% Female, 78.8%	Male, 15.4% Female, 84.6%
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, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between collateral clerk and bookkeeper 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.

Bookkeeper example responsibilities.

Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
Perform journal entries, balance ledger, perform bank reconciliations, control inventory, coordinate proper guest accommodation.
Post and update of daily sales and purchases into QuickBooks system.
Execute monthly collection of Medicaid surplus funds from clients on a monthly basis.
Post resident receipts, Medicaid remittance, and process adjusting entries to the A/R detail.
Work closely with QC personnel for the planning of tooling and the flow process of PWB's.

Collateral clerk vs bookkeeper skills

Common collateral clerk skills

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

Common bookkeeper skills

Payroll Tax Returns, 12%
Customer Service, 10%
Reconciliations, 10%
Data Entry, 7%
Journal Entries, 5%
Financial Transactions, 4%