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Finance assistant vs accounts receivable assistant

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 vs accounts receivable assistant overview

Finance AssistantAccounts Receivable Assistant
Yearly salary$37,926$36,730
Hourly rate$18.23$17.66
Growth rate-8%-5%
Number of jobs118,74931,748
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 44%
Average age5051
Years of experience26

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 accounts receivable assistant do?

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 assistant vs accounts receivable assistant salary

Finance assistants and accounts receivable assistants have different pay scales, as shown below.

Finance AssistantAccounts Receivable Assistant
Average salary$37,926$36,730
Salary rangeBetween $27,000 And $52,000Between $29,000 And $46,000
Highest paying CityWashington, DCBoston, MA
Highest paying stateConnecticutNew York
Best paying companyBoston Consulting GroupUniversity of California, Berkeley
Best paying industryManufacturingProfessional

Differences between finance assistant and accounts receivable assistant education

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

Finance AssistantAccounts Receivable Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance assistant vs accounts receivable assistant demographics

Here are the differences between finance assistants' and accounts receivable assistants' demographics:

Finance AssistantAccounts Receivable Assistant
Average age5051
Gender ratioMale, 24.9% Female, 75.1%Male, 20.4% Female, 79.6%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage6%7%

Differences between finance assistant and accounts receivable 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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Accounts receivable assistant example responsibilities.

  • Reconcile bank deposit information with QuickBooks and manage all deposit files.
  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Post customer payments by recording ACH, checks, and credit card transactions.
  • Inventory control using IBM AS400 system.
  • Maintain invoicing in AS400 billing system, reviewing collection activities and reconciling accounts.
  • Take in and disburse payments from customers in forms of checks, credit cards, ACH, and portal payments.
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Finance assistant vs accounts receivable assistant skills

Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%
Common accounts receivable assistant skills
  • Customer Service, 25%
  • Data Entry, 10%
  • Cash Handling, 7%
  • Financial Reports, 4%
  • Purchase Orders, 4%
  • Payroll, 4%

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