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Credit clerk vs accounting assistant

The differences between credit clerks and accounting 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 credit clerk and an accounting assistant. Additionally, an accounting assistant has an average salary of $39,569, which is higher than the $32,870 average annual salary of a credit clerk.

The top three skills for a credit clerk include data entry, customer service and customer accounts. The most important skills for an accounting assistant are data entry, customer service, and reconciliations.

Credit clerk vs accounting assistant overview

Credit ClerkAccounting Assistant
Yearly salary$32,870$39,569
Hourly rate$15.80$19.02
Growth rate-5%-5%
Number of jobs86,92263,945
Job satisfaction--
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 55%
Average age5151
Years of experience66

What does a credit clerk do?

Credit clerks control their company's credit and collection policies and daily procedures. They use the database to improve their organization's collections and maintain records for internal control and compliance. They deal with collecting, investigating, analyzing, and correcting disputed accounts to serve customers better and increase their collection rate. These clerks work with a credit manager to identify which accounts need to be written off for bad debt and solve complex cases that require special collection attention. They sometimes negotiate with customers to discuss the terms of payment for their unpaid balances.

What does an accounting assistant do?

An accounting assistant is responsible for supporting the daily operations of the business' accounting department, from reviewing financial transactions to the submission of financial reports. Accounting assistants' duties include performing data entry and clerical tasks, maintaining a safe record of account statements, updating and analyzing transactions, verifying the accuracy of financial records, and managing customers and vendors' inquiries as immediate as possible. An accounting assistant must have a broad knowledge of the accounting principles and processes, as well as excellent communication and time-management skills, especially on meeting strict deadlines and doing complex tasks as needed.

Credit clerk vs accounting assistant salary

Credit clerks and accounting assistants have different pay scales, as shown below.

Credit ClerkAccounting Assistant
Average salary$32,870$39,569
Salary rangeBetween $26,000 And $40,000Between $30,000 And $50,000
Highest paying CitySpringfield, ORWashington, DC
Highest paying stateOregonNew York
Best paying companyJBS USALos Alamos National Laboratory
Best paying industryAutomotiveFinance

Differences between credit clerk and accounting assistant education

There are a few differences between a credit clerk and an accounting assistant in terms of educational background:

Credit ClerkAccounting Assistant
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 55%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Credit clerk vs accounting assistant demographics

Here are the differences between credit clerks' and accounting assistants' demographics:

Credit ClerkAccounting Assistant
Average age5151
Gender ratioMale, 14.3% Female, 85.7%Male, 20.1% Female, 79.9%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.1% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between credit clerk and accounting assistant duties and responsibilities

Credit clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Maintain payroll, attendance records, coordinate group travel arrangements and conference calls.
  • Prepare, check, and maintain various records and payroll reports.
  • Transfer loans from warehouse to permanent investor reports on the CPI systems.
  • Process applications for credit, Microsoft excel, AS400 , 10key by touch, type 45 wpm.
  • Travele to the post office to drop off approve incidents and pick up remittance items from the assigned lockboxes.
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Accounting assistant example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Participate in weekly, monthly, quarterly, and yearly audits to ensure SOX compliance and propose opportunities for improvement.
  • Meet with account teams to discuss job structure, new projects, client requests, billing procedures, and SOX requirements.
  • Reconcile departmental report cash against banking ACH transactions.
  • Process mortgage portfolio monthly payments and interest accruals.
  • Utilize online system for calculating payroll and family tuition payments.
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Credit clerk vs accounting assistant skills

Common credit clerk skills
  • Data Entry, 13%
  • Customer Service, 12%
  • Customer Accounts, 6%
  • Credit Card Payments, 5%
  • Financial Statements, 5%
  • AS400, 4%
Common accounting assistant skills
  • Data Entry, 13%
  • Customer Service, 11%
  • Reconciliations, 8%
  • Purchase Orders, 7%
  • Credit Card Payments, 6%
  • General Ledger Accounts, 5%

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