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The differences between processing specialists and accounts payable 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 processing specialist and an accounts payable clerk. Additionally, a processing specialist has an average salary of $55,587, which is higher than the $38,333 average annual salary of an accounts payable clerk.
The top three skills for a processing specialist include customer service, data entry and quality standards. The most important skills for an accounts payable clerk are customer service, data entry, and purchase orders.
| Processing Specialist | Accounts Payable Clerk | |
| Yearly salary | $55,587 | $38,333 |
| Hourly rate | $26.72 | $18.43 |
| Growth rate | -5% | -5% |
| Number of jobs | 41,858 | 89,564 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 46% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
A processing specialist mainly functions to extend and relay information within a company or organization. Most of the time, they are responsible for gathering, verifying, processing, and analyzing data from various aspects such as clients and sales. Aside from this, they perform research and analysis, utilizing the results to develop strategies and plans to help the company pursue deals and provide optimum services. Furthermore, a processing specialist needs to coordinate with managers and be equipped with communication skills as there are instances where they must engage with clients.
An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions. An accounts payable clerk must have excellent knowledge of the accounting principles to deliver high-quality services and help the business minimize excessive financial loss.
Processing specialists and accounts payable clerks have different pay scales, as shown below.
| Processing Specialist | Accounts Payable Clerk | |
| Average salary | $55,587 | $38,333 |
| Salary range | Between $31,000 And $98,000 | Between $30,000 And $48,000 |
| Highest paying City | Newark, NJ | Washington, DC |
| Highest paying state | New Jersey | Massachusetts |
| Best paying company | Meta | Jane Street |
| Best paying industry | Professional | Technology |
There are a few differences between a processing specialist and an accounts payable clerk in terms of educational background:
| Processing Specialist | Accounts Payable Clerk | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 46% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between processing specialists' and accounts payable clerks' demographics:
| Processing Specialist | Accounts Payable Clerk | |
| Average age | 51 | 51 |
| Gender ratio | Male, 39.5% Female, 60.5% | Male, 17.2% Female, 82.8% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% 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 Percentage | 7% | 7% |