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Finance assistant vs business assistant

The differences between finance assistants and business 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 a business assistant. Additionally, a business assistant has an average salary of $42,247, 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 a business assistant are customer service, patients, and data entry.

Finance assistant vs business assistant overview

Finance AssistantBusiness Assistant
Yearly salary$37,926$42,247
Hourly rate$18.23$20.31
Growth rate-8%-8%
Number of jobs118,74998,348
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 58%
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 a business assistant do?

A business assistant is responsible for supporting various office functions, performing administrative and clerical duties to ensure efficient and smooth business operations, and provide high-quality services to the customers and business partners. Business assistants handle data processing procedures, writing business transaction reports, and coordinating with suppliers and third-party vendors for any requests made by the company. They welcome visitors, verify their appointments, and direct them to the appropriate personnel or department for their business concerns. A business assistant also schedules a meeting, assist in accounting and human resources tasks, and support the executives on corporate decisions.

Finance assistant vs business assistant salary

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

Finance AssistantBusiness Assistant
Average salary$37,926$42,247
Salary rangeBetween $27,000 And $52,000Between $29,000 And $60,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateConnecticutOregon
Best paying companyBoston Consulting GroupWhitney Museum of American Art
Best paying industryManufacturingProfessional

Differences between finance assistant and business assistant education

There are a few differences between a finance assistant and a business assistant in terms of educational background:

Finance AssistantBusiness Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Finance assistant vs business assistant demographics

Here are the differences between finance assistants' and business assistants' demographics:

Finance AssistantBusiness Assistant
Average age5050
Gender ratioMale, 24.9% Female, 75.1%Male, 28.1% Female, 71.9%
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, 16.4% Asian, 3.8% White, 65.8% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between finance assistant and business 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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Business assistant example responsibilities.

  • Utilize Salesforce CRM to research, qualify, and organize potential leads.
  • Manage personnel administration including hiring, benefits, records management, payroll administration and performance reviews.
  • Manage the receptionist area, including greeting visitors and responding to telephone and in-person requests for information.
  • Used complex SQL queries for data analysis, create store procedures and Unix scripts.
  • Process accurate orders in a timely manner using POS create system for JASON OE.
  • Contact physician's office to receive code if missing, ICD-9 coding when necessary.
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Finance assistant vs business assistant skills

Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%
Common business assistant skills
  • Customer Service, 18%
  • Patients, 12%
  • Data Entry, 9%
  • Excellent Organizational, 9%
  • PowerPoint, 6%
  • Financial Arrangements, 4%

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