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Finance assistant vs accounting and administrative assistant

The differences between finance assistants and accounting and administrative assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a finance assistant and an accounting and administrative assistant. Additionally, an accounting and administrative assistant has an average salary of $38,192, which is higher than the $37,926 average annual salary of a finance assistant.

The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for an accounting and administrative assistant are data entry, customer service, and financial statements.

Finance assistant vs accounting and administrative assistant overview

Finance AssistantAccounting And Administrative Assistant
Yearly salary$37,926$38,192
Hourly rate$18.23$18.36
Growth rate-8%-8%
Number of jobs118,74973,060
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 48%
Average age5050
Years of experience22

What does a finance assistant do?

A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.

What does an accounting and administrative assistant do?

An accounting administrative assistant is responsible for supporting the operations of the accounting department of an organization by performing administrative duties to maintain efficient and accurate services. Accounting administrative assistants conduct bookkeeping functions, as well as creating financial reports, analyzing account statements, updating account information on the database, processing invoices, and managing account receivables. They must have basic knowledge of the accounting disciplines, as well as excellent analytical and communication skills, especially on receiving clients' inquiries and concerns and administering payment procedures.

Finance assistant vs accounting and administrative assistant salary

Finance assistants and accounting and administrative assistants have different pay scales, as shown below.

Finance AssistantAccounting And Administrative Assistant
Average salary$37,926$38,192
Salary rangeBetween $27,000 And $52,000Between $29,000 And $48,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateConnecticutHawaii
Best paying companyBoston Consulting GroupErnst & Young
Best paying industryManufacturingTechnology

Differences between finance assistant and accounting and administrative assistant education

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

Finance AssistantAccounting And Administrative Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance assistant vs accounting and administrative assistant demographics

Here are the differences between finance assistants' and accounting and administrative assistants' demographics:

Finance AssistantAccounting And Administrative Assistant
Average age5050
Gender ratioMale, 24.9% Female, 75.1%Male, 10.0% Female, 90.0%
Race ratioBlack or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%Black or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.5% Asian, 3.9% White, 65.7% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between finance assistant and accounting and administrative assistant duties and responsibilities

Finance assistant example responsibilities.

  • Manage finance operations of assign USPS location.
  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Maintain cash receipts and disbursement records using QuickBooks and prepare bank reconciliations.
  • Provide emergency Medicaid screening for undocument patients, and perform necessary follow-up calls pertaining to NYC Medicaid applications.
  • Interpret information requests and correspond with patients and agencies in accordance with hospital, state and HIPAA regulations.
  • Schedule appointments, request prior authorization with appropriate CPT and ICD-9 codes, coordinate surgeries, procedures, etc.
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Accounting and administrative assistant example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Upload participant and employer contributions after each payroll run, prepare ACH wire for funds and reconcile payroll.
  • Maintain a cash balance report consisting of current bank account activity, business checking balance and upcoming ACH withdrawal transactions.
  • Create numerous PowerPoint presentations for internal and external presentations.
  • Set up PowerPoint presentations, operate overhead projectors and microphones.
  • Recorded/Maintain accounts payable and accounts receivable by investigating business transaction discrepancies via QuickBooks.
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Finance assistant vs accounting and administrative assistant skills

Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%
Common accounting and administrative assistant skills
  • Data Entry, 12%
  • Customer Service, 8%
  • Financial Statements, 7%
  • Purchase Orders, 6%
  • Vendor Invoices, 4%
  • QuickBooks, 4%

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