Cost accounting clerk vs finance clerk

The differences between cost accounting clerks and finance 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 cost accounting clerk and a finance clerk. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $38,272 average annual salary of a cost accounting clerk.

The top three skills for a cost accounting clerk include data entry, payroll and purchase orders. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Cost accounting clerk vs finance clerk overview

	Cost Accounting Clerk	Finance Clerk
Yearly salary	$38,272	$39,225
Hourly rate	$18.40	$18.86
Growth rate	-5%	-5%
Number of jobs	84,470	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

Cost accounting clerk vs finance clerk salary

Cost accounting clerks and finance clerks have different pay scales, as shown below.

	Cost Accounting Clerk	Finance Clerk
Average salary	$38,272	$39,225
Salary range	Between $27,000 And $52,000	Between $27,000 And $56,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	United States Courts
Best paying industry	-	Government

Differences between cost accounting clerk and finance clerk education

There are a few differences between a cost accounting clerk and a finance clerk in terms of educational background:

	Cost Accounting Clerk	Finance Clerk
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 44%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Cost accounting clerk vs finance clerk demographics

Here are the differences between cost accounting clerks' and finance clerks' demographics:

	Cost Accounting Clerk	Finance Clerk
Average age	51	51
Gender ratio	Male, 21.7% Female, 78.3%	Male, 26.2% Female, 73.8%
Race ratio	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between cost accounting clerk and finance clerk duties and responsibilities

Cost accounting clerk example responsibilities.

Manage financial department with responsibility for payroll, accounts payable and accounts receivable.
Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Review and reconcile WIP reports.
Update inventory and run current inventory list.
Research and follow up on work in process (WIP) report monthly.
Enter cost variance when a BOM or routings or their standard/per how change.

Finance clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
Write checks in the QuickBooks software to vendors and to reimburse employees.
Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.

Cost accounting clerk vs finance clerk skills

Common cost accounting clerk skills

Data Entry, 16%
Payroll, 12%
Purchase Orders, 11%
Financial Reports, 11%
General Ledger, 5%
Variance Analysis, 5%

Common finance clerk skills

Data Entry, 16%
Purchase Orders, 9%
HR, 5%
Bank Statements, 5%
Bank Deposits, 5%
Credit Card, 4%