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The differences between finance assistants and accounts receivable assistants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a finance assistant, becoming an accounts receivable assistant takes usually requires 4-6 years. Additionally, a finance assistant has an average salary of $37,926, which is higher than the $36,730 average annual salary of an accounts receivable assistant.
The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for an accounts receivable assistant are customer service, data entry, and cash handling.
| Finance Assistant | Accounts Receivable Assistant | |
| Yearly salary | $37,926 | $36,730 |
| Hourly rate | $18.23 | $17.66 |
| Growth rate | -8% | -5% |
| Number of jobs | 118,749 | 31,748 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 44% |
| Average age | 50 | 51 |
| Years of experience | 2 | 6 |
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.
An accounts receivable assistant has a variety of duties and responsibilities, including securing revenue by verifying receipts, maintaining records by microfilming debits, credits, and invoices, and summarizing receivables by maintaining invoices and determining the validity of account discrepancies. Other duties include keeping information confidential to protect the organization's value, accomplishing the organization and accounting mission, and resolving valid and authorized deductions. As an accounts receivable assistant, you are also responsible for posting customer payments by recording credit card, cash, and check transactions.
Finance assistants and accounts receivable assistants have different pay scales, as shown below.
| Finance Assistant | Accounts Receivable Assistant | |
| Average salary | $37,926 | $36,730 |
| Salary range | Between $27,000 And $52,000 | Between $29,000 And $46,000 |
| Highest paying City | Washington, DC | Boston, MA |
| Highest paying state | Connecticut | New York |
| Best paying company | Boston Consulting Group | University of California, Berkeley |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a finance assistant and an accounts receivable assistant in terms of educational background:
| Finance Assistant | Accounts Receivable Assistant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance assistants' and accounts receivable assistants' demographics:
| Finance Assistant | Accounts Receivable Assistant | |
| Average age | 50 | 51 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 20.4% Female, 79.6% |
| Race ratio | Black 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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |