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Finance processing clerk vs accounting technician

The differences between finance processing clerks and accounting technicians 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 processing clerk and an accounting technician. Additionally, an accounting technician has an average salary of $41,337, which is higher than the $36,290 average annual salary of a finance processing clerk.

The top three skills for a finance processing clerk include data entry, financial transactions and outbound calls. The most important skills for an accounting technician are customer service, financial reports, and payroll.

Finance processing clerk vs accounting technician overview

Finance Processing ClerkAccounting Technician
Yearly salary$36,290$41,337
Hourly rate$17.45$19.87
Growth rate-5%-5%
Number of jobs140,29339,972
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 51%
Average age5151
Years of experience66

Finance processing clerk vs accounting technician salary

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

Finance Processing ClerkAccounting Technician
Average salary$36,290$41,337
Salary rangeBetween $28,000 And $46,000Between $31,000 And $53,000
Highest paying CityCarlsbad, CAOakland, CA
Highest paying stateCaliforniaCalifornia
Best paying companyPlante & Moran PLLC.W. R. Berkley
Best paying industryGovernmentGovernment

Differences between finance processing clerk and accounting technician education

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

Finance Processing ClerkAccounting Technician
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 51%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance processing clerk vs accounting technician demographics

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

Finance Processing ClerkAccounting Technician
Average age5151
Gender ratioMale, 31.8% Female, 68.2%Male, 22.7% Female, 77.3%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between finance processing clerk and accounting technician duties and responsibilities

Finance processing clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Create various disbursements such as checks, wires and ACH's.
  • Execute origination process, reports and research information for certification.
  • Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
  • Execute general administrative and bookkeeping duties, vehicle billing, and maintain computerized bookkeeping system ADP.

Accounting technician example responsibilities.

  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Reconcile the agency SPCC statement each month
  • Audit includes reviewing SPCC invoices and receipts to ensure appropriate tax exemptions are follow.
  • Analyze cases to determine if ICD-9 and CPT codes are covered benefits according to insurance's medical policy.
  • Apply GAAP following applicable federal regulations.
  • Maintain adherence to university accounting and GAAP standards.
  • Show more

Finance processing clerk vs accounting technician skills

Common finance processing clerk skills
  • Data Entry, 17%
  • Financial Transactions, 15%
  • Outbound Calls, 6%
  • Student Loans, 6%
  • Title IV, 6%
  • External Regulations, 6%
Common accounting technician skills
  • Customer Service, 12%
  • Financial Reports, 10%
  • Payroll, 8%
  • Purchase Orders, 7%
  • Data Entry, 6%
  • Reconciliations, 5%

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