Finance processing clerk vs bookkeeper

The differences between finance processing clerks and bookkeepers 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 a bookkeeper. Additionally, a bookkeeper has an average salary of $40,337, 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 a bookkeeper are payroll tax returns, customer service, and reconciliations.

Finance processing clerk vs bookkeeper overview

	Finance Processing Clerk	Bookkeeper
Yearly salary	$36,290	$40,337
Hourly rate	$17.45	$19.39
Growth rate	-5%	-5%
Number of jobs	140,293	38,481
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 46%
Average age	51	51
Years of experience	6	6

Finance processing clerk vs bookkeeper salary

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

	Finance Processing Clerk	Bookkeeper
Average salary	$36,290	$40,337
Salary range	Between $28,000 And $46,000	Between $30,000 And $52,000
Highest paying City	Carlsbad, CA	Washington, DC
Highest paying state	California	New York
Best paying company	Plante & Moran PLLC.	NTT Data International L.L.C.
Best paying industry	Government	Manufacturing

Differences between finance processing clerk and bookkeeper education

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

	Finance Processing Clerk	Bookkeeper
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 46%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Finance processing clerk vs bookkeeper demographics

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

	Finance Processing Clerk	Bookkeeper
Average age	51	51
Gender ratio	Male, 31.8% Female, 68.2%	Male, 15.4% Female, 84.6%
Race ratio	Black 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, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between finance processing clerk and bookkeeper 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.

Bookkeeper example responsibilities.

Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
Perform journal entries, balance ledger, perform bank reconciliations, control inventory, coordinate proper guest accommodation.
Post and update of daily sales and purchases into QuickBooks system.
Execute monthly collection of Medicaid surplus funds from clients on a monthly basis.
Post resident receipts, Medicaid remittance, and process adjusting entries to the A/R detail.
Work closely with QC personnel for the planning of tooling and the flow process of PWB's.

Finance processing clerk vs bookkeeper 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 bookkeeper skills

Payroll Tax Returns, 12%
Customer Service, 10%
Reconciliations, 10%
Data Entry, 7%
Journal Entries, 5%
Financial Transactions, 4%