Finance coordinator vs accounting clerk

The differences between finance coordinators and accounting clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a finance coordinator and an accounting clerk. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $38,683 average annual salary of an accounting clerk.

The top three skills for a finance coordinator include patients, customer service and payroll. The most important skills for an accounting clerk are data entry, customer service, and purchase orders.

Finance coordinator vs accounting clerk overview

	Finance Coordinator	Accounting Clerk
Yearly salary	$49,358	$38,683
Hourly rate	$23.73	$18.60
Growth rate	-5%	-5%
Number of jobs	106,187	106,969
Job satisfaction	5	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 49%
Average age	51	51
Years of experience	6	6

What does a finance coordinator do?

Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.

What does an accounting clerk do?

Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored. They validate records and check whether these are updated. They also sort through documents to ensure that they are in their proper storage bins. Aside from document handling, they also help with creating and validating financial statements and bookkeeping. As such, accounting clerks should have a strong background in accounting to manage their tasks better.

Finance coordinator vs accounting clerk salary

Finance coordinators and accounting clerks have different pay scales, as shown below.

	Finance Coordinator	Accounting Clerk
Average salary	$49,358	$38,683
Salary range	Between $34,000 And $71,000	Between $29,000 And $51,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Maryland	New York
Best paying company	McKinsey & Company Inc	Wilson Elser Moskowitz Edelman & Dicker Llp
Best paying industry	Professional	Government

Differences between finance coordinator and accounting clerk education

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

	Finance Coordinator	Accounting Clerk
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 49%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Finance coordinator vs accounting clerk demographics

Here are the differences between finance coordinators' and accounting clerks' demographics:

	Finance Coordinator	Accounting Clerk
Average age	51	51
Gender ratio	Male, 22.1% Female, 77.9%	Male, 20.0% Female, 80.0%
Race ratio	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between finance coordinator and accounting clerk duties and responsibilities

Finance coordinator example responsibilities.

Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
Construct posts featuring highlights of past events on Facebook.
Enter EOB payments and denials and perform follow up with insurance company on denials.
Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

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Accounting clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Perform balance sheet reconciliations and resolve open items by notifying employees and vendors of transaction discrepancies.
Assist in monthly financial close process by analyzing preliminary departmental expense reports and making necessary adjustments and accruals.
Develop a spreadsheet that pulls all data relate to project hours by operation from the ERP system.
Process all incoming payments receive via ACH, EFT, or the web; ensure accounts are accurately balance and reconcile.
Digitize proof of delivery receipts into ERP system (AS400) serving as an easy backup for employees to verify occurrence.

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Finance coordinator vs accounting clerk skills

Common finance coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%

Common accounting clerk skills

Data Entry, 15%
Customer Service, 10%
Purchase Orders, 9%
Reconciliations, 6%
Vendor Invoices, 6%
QuickBooks, 3%

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Updated January 8, 2025

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