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Finance technician vs accountable clerk

The differences between finance technicians and accountable 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 technician and an accountable clerk. Additionally, a finance technician has an average salary of $45,251, which is higher than the $38,120 average annual salary of an accountable clerk.

The top three skills for a finance technician include financial reports, financial management and review contracts. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Finance technician vs accountable clerk overview

Finance TechnicianAccountable Clerk
Yearly salary$45,251$38,120
Hourly rate$21.76$18.33
Growth rate-5%-5%
Number of jobs89,66881,209
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 41%
Average age5151
Years of experience66

What does a finance technician do?

Finance technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.

What does an accountable clerk do?

The duties of an accountable clerk vary in one's industry of employment. Typically, their responsibilities revolve around overseeing the financial aspects of a company, including revenue and budget. They mostly process payments and income, ensuring accuracy in every detail and transaction. An accountable clerk may also have clerical tasks such as producing progress reports, answering calls and correspondence, coordinating with various department personnel, and maintaining a database of information. Should there be any issues, it is essential to report to a manager right away.

Finance technician vs accountable clerk salary

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

Finance TechnicianAccountable Clerk
Average salary$45,251$38,120
Salary rangeBetween $30,000 And $67,000Between $29,000 And $49,000
Highest paying CityNew York, NYNew Haven, CT
Highest paying stateNew YorkMassachusetts
Best paying companyErnst & YoungWayne County, Michigan
Best paying industryGovernmentGovernment

Differences between finance technician and accountable clerk education

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

Finance TechnicianAccountable Clerk
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance technician vs accountable clerk demographics

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

Finance TechnicianAccountable Clerk
Average age5151
Gender ratioMale, 41.2% Female, 58.8%Male, 19.1% Female, 80.9%
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 technician and accountable clerk duties and responsibilities

Finance technician example responsibilities.

  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Transmit data to MAJCOM, HQ USAF, & DoD timely.
  • Provide debt management for the DOD and service members.
  • Process and review documents associate with PCS, ETS, retirement and/or separation.
  • Ensure that obligations are correct, record, and submits vouchers to DFAS for processing.
  • Network and coordinate with DFAS, civilian personnel or other resources to resolve complex problems.
  • Show more

Accountable clerk example responsibilities.

  • Manage the accurate and timely processing of AP invoices for multiple companies.
  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Scan incoming A/P, A/R, bank statements, mail, etc.
  • Review AR aging to ensure compliance.
  • Process, distribute, and maintain AR invoices.
  • Review and handle in-clearing reject items (ACH and checks) and process check adjustments.
  • Show more

Finance technician vs accountable clerk skills

Common finance technician skills
  • Financial Reports, 15%
  • Financial Management, 13%
  • Review Contracts, 10%
  • Financial Transactions, 8%
  • Treasury, 6%
  • Bonds, 4%
Common accountable clerk skills
  • Data Entry, 11%
  • Financial Reports, 10%
  • Purchase Orders, 8%
  • Customer Service, 8%
  • Process Payroll, 8%
  • Office Equipment, 4%

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