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Finance processing clerk vs accounts receivable clerk

The differences between finance processing clerks and accounts receivable 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 processing clerk and an accounts receivable clerk. Additionally, an accounts receivable clerk has an average salary of $36,425, 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 accounts receivable clerk are customer service, data entry, and collection calls.

Finance processing clerk vs accounts receivable clerk overview

Finance Processing ClerkAccounts Receivable Clerk
Yearly salary$36,290$36,425
Hourly rate$17.45$17.51
Growth rate-5%-5%
Number of jobs140,29387,935
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 36%
Average age5151
Years of experience66

Finance processing clerk vs accounts receivable clerk salary

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

Finance Processing ClerkAccounts Receivable Clerk
Average salary$36,290$36,425
Salary rangeBetween $28,000 And $46,000Between $29,000 And $45,000
Highest paying CityCarlsbad, CABoston, MA
Highest paying stateCaliforniaMassachusetts
Best paying companyPlante & Moran PLLC.IBM
Best paying industryGovernmentFinance

Differences between finance processing clerk and accounts receivable clerk education

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

Finance Processing ClerkAccounts Receivable Clerk
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 36%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance processing clerk vs accounts receivable clerk demographics

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

Finance Processing ClerkAccounts Receivable Clerk
Average age5151
Gender ratioMale, 31.8% Female, 68.2%Male, 13.7% Female, 86.3%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between finance processing clerk and accounts receivable clerk 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.

Accounts receivable clerk example responsibilities.

  • Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
  • Utilize QuickBooks accounting software for billing/invoices, generate statements.
  • Perform necessary adjustments using knowledge of Medicare and all third party insurance.
  • Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.
  • Show more

Finance processing clerk vs accounts receivable clerk 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 accounts receivable clerk skills
  • Customer Service, 12%
  • Data Entry, 9%
  • Collection Calls, 8%
  • Financial Data, 7%
  • Credit Card Payments, 5%
  • Process Payments, 5%

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