Finance coordinator vs accounts payable clerk

The differences between finance coordinators and accounts payable 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 accounts payable clerk. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $38,333 average annual salary of an accounts payable clerk.

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

Finance coordinator vs accounts payable clerk overview

	Finance Coordinator	Accounts Payable Clerk
Yearly salary	$49,358	$38,333
Hourly rate	$23.73	$18.43
Growth rate	-5%	-5%
Number of jobs	106,187	89,564
Job satisfaction	5	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 46%
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 accounts payable clerk do?

An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions. An accounts payable clerk must have excellent knowledge of the accounting principles to deliver high-quality services and help the business minimize excessive financial loss.

Finance coordinator vs accounts payable clerk salary

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

	Finance Coordinator	Accounts Payable Clerk
Average salary	$49,358	$38,333
Salary range	Between $34,000 And $71,000	Between $30,000 And $48,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Maryland	Massachusetts
Best paying company	McKinsey & Company Inc	Jane Street
Best paying industry	Professional	Technology

Differences between finance coordinator and accounts payable clerk education

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

	Finance Coordinator	Accounts Payable Clerk
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 46%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Finance coordinator vs accounts payable clerk demographics

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

	Finance Coordinator	Accounts Payable Clerk
Average age	51	51
Gender ratio	Male, 22.1% Female, 77.9%	Male, 17.2% Female, 82.8%
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, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between finance coordinator and accounts payable 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.

Accounts payable clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Match, code, and process vendor payments via MAS90 accounting system - including check runs and ACH payments.
Perform duties in compliance with GAAP, company and department policies and procedures, internal controls, and Sarbanes-Oxley requirements.
Process division payroll in coordination with ADP payroll systems for semi-monthly and weekly union contract employees.
Scan and store documents daily, retrieve W2 and W9 information along with service provider agreements when or if need.
Print, review, research, edit, code and batch invoices for processing via the various ERP financial systems.

Finance coordinator vs accounts payable clerk skills

Common finance coordinator skills

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

Common accounts payable clerk skills

Customer Service, 13%
Data Entry, 10%
Purchase Orders, 8%
Expense Reports, 6%
Vendor Invoices, 6%
Vendor Statements, 5%

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Finance Coordinator vs Accounts Payable Clerk

Updated January 8, 2025

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