What does a posting clerk do?

A payment processor is responsible for managing and informing the clients of their payment obligations for the services offered by a financial institution or other related organizations. Payment processors record transactions and ensure the timely completion of account statements. They discuss the terms and conditions of the service contract with the clients and respond to their inquiries and concerns. A payment processor must have excellent communication and organizational skills, especially in coming up with repayment plans and solutions for clients who are not able to pay services in time.

While similarities exist, there are also some differences between posting clerks and payment processor. For instance, posting clerk responsibilities require skills such as "title policies," "mers," "office equipment," and "legal research." Whereas a payment processor is skilled in "customer service," "phone calls," "lockbox," and "securities." This is part of what separates the two careers.

Billing specialists are accounting or finance employees who are responsible for sending out billing invoices to clients. They calculate charges that their clients have incurred. They then write bills, ensure that all details are correct, and send these out to clients. They also manage payment due dates and ensure that clients are duly reminded of such deadlines. Billing specialists also manage client accounts and ensure that they are paying on time. They help identify clients who have outstanding payables and send out collection notices to them. At times, billing specialists also manage the receipt of payments to manage account records better.

Each career also uses different skills, according to real posting clerk resumes. While posting clerk responsibilities can utilize skills like "credit card payments," "eft," "process payments," and "wire transfers," billing specialists use skills like "customer service," "medical billing," "submit claims," and "medical terminology."

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.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a posting clerk is likely to be skilled in "patients," "eob," "patient payments," and "customer accounts," while a typical accounts receivable clerk is skilled in "customer service," "collection calls," "cash receipts," and "payroll."

A medical billing clerk is primarily in charge of processing payments and creating billing arrangements in clinics and hospitals. Among their responsibilities include gathering and verifying patient identification, handling insurance information, coding, updating databases, and maintaining records. It is also their responsibility to assist patients by filling out forms, answering their inquiries, and referring them to other services. Moreover, a medical billing clerk must monitor patient accounts and follow-up on delinquent patient accounts, coordinating with collection agencies as needed.

Even though a few skill sets overlap between posting clerks and medical billing clerks, there are some differences that are important to note. For one, a posting clerk might have more use for skills like "credit card payments," "eft," "as400," and "process payments." Meanwhile, some responsibilities of medical billing clerks require skills like "medical billing," "healthcare," "customer service," and "medical claims. "