Collections/accounts receivable vs accountable clerk

The differences between collections/accounts receivables and accountable clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a collections/accounts receivable, becoming an accountable clerk takes usually requires 4-6 years. Additionally, a collections/accounts receivable has an average salary of $38,949, which is higher than the $38,120 average annual salary of an accountable clerk.

The top three skills for a collections/accounts receivable include customer service, patients and delinquent accounts. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Collections/accounts receivable vs accountable clerk overview

	Collections/Accounts Receivable	Accountable Clerk
Yearly salary	$38,949	$38,120
Hourly rate	$18.73	$18.33
Growth rate	-8%	-5%
Number of jobs	30,523	81,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 41%
Average age	46	51
Years of experience	12	6

What does a collections/accounts receivable do?

An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.

What does an accountable clerk do?

The duties of an accountable clerk vary in one's industry of employment. Typically, their responsibilities revolve around overseeing the financial aspects of a company, including revenue and budget. They mostly process payments and income, ensuring accuracy in every detail and transaction. An accountable clerk may also have clerical tasks such as producing progress reports, answering calls and correspondence, coordinating with various department personnel, and maintaining a database of information. Should there be any issues, it is essential to report to a manager right away.

Collections/accounts receivable vs accountable clerk salary

Collections/accounts receivables and accountable clerks have different pay scales, as shown below.

	Collections/Accounts Receivable	Accountable Clerk
Average salary	$38,949	$38,120
Salary range	Between $30,000 And $49,000	Between $29,000 And $49,000
Highest paying City	Boston, MA	New Haven, CT
Highest paying state	Connecticut	Massachusetts
Best paying company	Apollo Global Management	Wayne County, Michigan
Best paying industry	Finance	Government

Differences between collections/accounts receivable and accountable clerk education

There are a few differences between a collections/accounts receivable and an accountable clerk in terms of educational background:

	Collections/Accounts Receivable	Accountable Clerk
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Collections/accounts receivable vs accountable clerk demographics

Here are the differences between collections/accounts receivables' and accountable clerks' demographics:

	Collections/Accounts Receivable	Accountable Clerk
Average age	46	51
Gender ratio	Male, 25.3% Female, 74.7%	Male, 19.1% Female, 80.9%
Race ratio	Black or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	7%

Differences between collections/accounts receivable and accountable clerk duties and responsibilities

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Accountable clerk example responsibilities.

Manage the accurate and timely processing of AP invoices for multiple companies.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Scan incoming A/P, A/R, bank statements, mail, etc.
Review AR aging to ensure compliance.
Process, distribute, and maintain AR invoices.
Review and handle in-clearing reject items (ACH and checks) and process check adjustments.

Collections/accounts receivable vs accountable clerk skills

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

Common accountable clerk skills

Data Entry, 11%
Financial Reports, 10%
Purchase Orders, 8%
Customer Service, 8%
Process Payroll, 8%
Office Equipment, 4%

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Office and Administrative Industry
Collections/Accounts Receivable
Collections/Accounts Receivable vs Accountable Clerk

Updated January 8, 2025

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