Payroll assistant vs paymaster

The differences between payroll assistants and paymasters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a payroll assistant and a paymaster. Additionally, a paymaster has an average salary of $69,234, which is higher than the $45,023 average annual salary of a payroll assistant.

The top three skills for a payroll assistant include data entry, payroll system and payroll data. The most important skills for a paymaster are ADP, payroll processing, and payroll system.

Payroll assistant vs paymaster overview

	Payroll Assistant	Paymaster
Yearly salary	$45,023	$69,234
Hourly rate	$21.65	$33.29
Growth rate	-3%	-3%
Number of jobs	7,063	668
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 48%	Bachelor's Degree, 57%
Average age	48	48
Years of experience	4	4

Payroll assistant vs paymaster salary

Payroll assistants and paymasters have different pay scales, as shown below.

	Payroll Assistant	Paymaster
Average salary	$45,023	$69,234
Salary range	Between $31,000 And $65,000	Between $41,000 And $115,000
Highest paying City	Riverhead, NY	-
Highest paying state	New York	-
Best paying company	Sidley Austin	-
Best paying industry	Construction	-

Differences between payroll assistant and paymaster education

There are a few differences between a payroll assistant and a paymaster in terms of educational background:

	Payroll Assistant	Paymaster
Most common degree	Bachelor's Degree, 48%	Bachelor's Degree, 57%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Payroll assistant vs paymaster demographics

Here are the differences between payroll assistants' and paymasters' demographics:

	Payroll Assistant	Paymaster
Average age	48	48
Gender ratio	Male, 16.0% Female, 84.0%	Male, 27.8% Female, 72.2%
Race ratio	Black or African American, 9.3% Unknown, 6.1% Hispanic or Latino, 19.0% Asian, 6.1% White, 58.0% American Indian and Alaska Native, 1.5%	Black or African American, 8.9% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 58.5% American Indian and Alaska Native, 1.5%
LGBT Percentage	10%	10%

Differences between payroll assistant and paymaster duties and responsibilities

Payroll assistant example responsibilities.

Enter and update new employees into the timekeeping system KRONOS.
Perform payroll functions such as timekeeping and vacation days and submit to payroll.
Assist with the payroll process, time cards input and personal time off (PTO).
Prepare and input both weekly and biweekly payroll information using ADP software, ensuring information receive and transmit is accurate.
Process employee terminations including final pay calculations, PTO payment, deductions, and ensure payment meets state final pay requirements.
Maintain accurate records in PeopleSoft.

Paymaster example responsibilities.

Manage annual professional liability in PeopleSoft for faculty and fellows.
Assist in month end process including accruals and payroll journals.
Create and maintain record of expenses and payments, assisting in the preparation of various reports and reconciliations.
Perform monthly balance sheet account reconciliations including bank and payroll reconciliations.
Maintain detailed records of employment, and provide spreadsheets/data of all payroll functions-for audit purposes in accordance with statutory requirements.
Create new inventory/non-inventory items in QuickBooks accounting system and tracks supplies accurately.

Payroll assistant vs paymaster skills

Common payroll assistant skills

Data Entry, 16%
Payroll System, 7%
Payroll Data, 6%
Human Resources, 5%
ADP, 5%
Payroll Checks, 4%

Common paymaster skills

ADP, 11%
Payroll Processing, 11%
Payroll System, 10%
Accruals, 9%
Reconciliations, 8%
W-2, 8%