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The differences between finance technicians 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 technician and an accounts receivable clerk. Additionally, a finance technician has an average salary of $45,251, which is higher than the $36,425 average annual salary of an accounts receivable clerk.
The top three skills for a finance technician include financial reports, financial management and review contracts. The most important skills for an accounts receivable clerk are customer service, data entry, and collection calls.
| Finance Technician | Accounts Receivable Clerk | |
| Yearly salary | $45,251 | $36,425 |
| Hourly rate | $21.76 | $17.51 |
| Growth rate | -5% | -5% |
| Number of jobs | 89,668 | 87,935 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 36% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
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.
An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. Among the duties include calculating total revenues and unpaid invoices, maintaining financial records and keeping a detailed and organized database, and verifying financial transactions and payment delinquencies. Furthermore, an Accounts Receivable Clerk must resolve and examine deductions, prepare invoices and necessary documentation, and review customer payment plans and history records and coordinate with the collections department should there be any issues.
Finance technicians and accounts receivable clerks have different pay scales, as shown below.
| Finance Technician | Accounts Receivable Clerk | |
| Average salary | $45,251 | $36,425 |
| Salary range | Between $30,000 And $67,000 | Between $29,000 And $45,000 |
| Highest paying City | New York, NY | Boston, MA |
| Highest paying state | New York | Massachusetts |
| Best paying company | Ernst & Young | IBM |
| Best paying industry | Government | Finance |
There are a few differences between a finance technician and an accounts receivable clerk in terms of educational background:
| Finance Technician | Accounts Receivable Clerk | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 36% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance technicians' and accounts receivable clerks' demographics:
| Finance Technician | Accounts Receivable Clerk | |
| Average age | 51 | 51 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 13.7% Female, 86.3% |
| 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, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |