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The differences between collections/accounts receivables and billing representatives 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 a billing representative takes usually requires 1-2 years. Additionally, a collections/accounts receivable has an average salary of $38,949, which is higher than the $35,002 average annual salary of a billing representative.
The top three skills for a collections/accounts receivable include customer service, patients and delinquent accounts. The most important skills for a billing representative are patients, customer service, and data entry.
| Collections/Accounts Receivable | Billing Representative | |
| Yearly salary | $38,949 | $35,002 |
| Hourly rate | $18.73 | $16.83 |
| Growth rate | -8% | -3% |
| Number of jobs | 30,523 | 95,425 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 30% |
| Average age | 46 | 46 |
| Years of experience | 12 | 2 |
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.
A billing representative assists with the overall operations of the organization's billing department. Billing representatives post payments timely on the database, update account statements, generate financial reports, release invoices, and resolve account discrepancies. They also perform client accounts reconciliation as needed, monitor account receivables, review overdated balance, and notify clients of payment updates to ensure accurate and timely billing. A billing representative must have strong analytical and communication skills to manage clients' accounts, as well as comprehensive knowledge on the accounting industry to explain the payment terms and policies of an organization to a client.
Collections/accounts receivables and billing representatives have different pay scales, as shown below.
| Collections/Accounts Receivable | Billing Representative | |
| Average salary | $38,949 | $35,002 |
| Salary range | Between $30,000 And $49,000 | Between $28,000 And $42,000 |
| Highest paying City | Boston, MA | Worcester, MA |
| Highest paying state | Connecticut | Massachusetts |
| Best paying company | Apollo Global Management | Relevante |
| Best paying industry | Finance | Technology |
There are a few differences between a collections/accounts receivable and a billing representative in terms of educational background:
| Collections/Accounts Receivable | Billing Representative | |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 30% |
| Most common major | Business | Business |
| Most common college | - | Stanford University |
Here are the differences between collections/accounts receivables' and billing representatives' demographics:
| Collections/Accounts Receivable | Billing Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 25.3% Female, 74.7% | Male, 15.7% Female, 84.3% |
| 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, 10.4% Unknown, 4.3% Hispanic or Latino, 19.9% Asian, 7.3% White, 57.2% American Indian and Alaska Native, 0.9% |
| LGBT Percentage | 8% | 7% |