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Invoicing specialist vs finance clerk

The differences between invoicing specialists and finance clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an invoicing specialist and a finance clerk. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $37,166 average annual salary of an invoicing specialist.

The top three skills for an invoicing specialist include data entry, purchase orders and customer service. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Invoicing specialist vs finance clerk overview

Invoicing SpecialistFinance Clerk
Yearly salary$37,166$39,225
Hourly rate$17.87$18.86
Growth rate-5%-5%
Number of jobs47,437143,372
Job satisfaction--
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 44%
Average age5151
Years of experience66

What does an invoicing specialist do?

An invoicing specialist is primarily in charge of preparing and processing client bills. It is their responsibility to manage databases and payment systems, verify client information, list down the due amount and itemized account of goods and services, charge accurate tax, deduct discounts, and ensure copies of every invoice. They also arrange new client accounts, prepare receipts, keep an eye out for any errors or discrepancies, and assist clients by answering inquiries. Moreover, aside from processing invoices, they also perform various clerical support tasks such as handling calls and correspondence and organizing files.

What does a finance clerk do?

Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.

Invoicing specialist vs finance clerk salary

Invoicing specialists and finance clerks have different pay scales, as shown below.

Invoicing SpecialistFinance Clerk
Average salary$37,166$39,225
Salary rangeBetween $29,000 And $46,000Between $27,000 And $56,000
Highest paying CityBoston, MANew York, NY
Highest paying stateAlaskaNew York
Best paying companyBaxter InternationalUnited States Courts
Best paying industryTechnologyGovernment

Differences between invoicing specialist and finance clerk education

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

Invoicing SpecialistFinance Clerk
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Invoicing specialist vs finance clerk demographics

Here are the differences between invoicing specialists' and finance clerks' demographics:

Invoicing SpecialistFinance Clerk
Average age5151
Gender ratioMale, 22.5% Female, 77.5%Male, 26.2% Female, 73.8%
Race ratioBlack 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%Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between invoicing specialist and finance clerk duties and responsibilities

Invoicing specialist example responsibilities.

  • Manage PO tracker in SharePoint adding the information including vendor name, PO number, amount and special instructions.
  • Ensure efficient sales order entry processes in CRM and ERP system to enable accurate order fulfillment.
  • Produce financial status reports using QuickBooks and ProStock.
  • Post total amounts and account numbers on forms process in ledgers log.
  • Answer phone calls from branches, employees and customers with questions about accounts, invoicing or payroll.
  • Act as purchasing agent for capitalize items, ensuring compliance with UW policy and maintenance of database.
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Finance clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
  • Write checks in the QuickBooks software to vendors and to reimburse employees.
  • Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
  • Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
  • Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.
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Invoicing specialist vs finance clerk skills

Common invoicing specialist skills
  • Data Entry, 16%
  • Purchase Orders, 8%
  • Customer Service, 5%
  • Invoice Management, 5%
  • Credit Memos, 5%
  • Vendor Invoices, 4%
Common finance clerk skills
  • Data Entry, 16%
  • Purchase Orders, 9%
  • HR, 5%
  • Bank Statements, 5%
  • Bank Deposits, 5%
  • Credit Card, 4%

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