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Processing specialist vs bookkeeper

The differences between processing specialists and bookkeepers 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 a bookkeeper. Additionally, a processing specialist has an average salary of $55,587, which is higher than the $40,337 average annual salary of a bookkeeper.

The top three skills for a processing specialist include customer service, data entry and quality standards. The most important skills for a bookkeeper are payroll tax returns, customer service, and reconciliations.

Processing specialist vs bookkeeper overview

Processing SpecialistBookkeeper
Yearly salary$55,587$40,337
Hourly rate$26.72$19.39
Growth rate-5%-5%
Number of jobs41,85838,481
Job satisfaction-5
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 46%
Average age5151
Years of experience66

What does a processing specialist do?

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.

What does a bookkeeper do?

Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.

Processing specialist vs bookkeeper salary

Processing specialists and bookkeepers have different pay scales, as shown below.

Processing SpecialistBookkeeper
Average salary$55,587$40,337
Salary rangeBetween $31,000 And $98,000Between $30,000 And $52,000
Highest paying CityNewark, NJWashington, DC
Highest paying stateNew JerseyNew York
Best paying companyMetaNTT Data International L.L.C.
Best paying industryProfessionalManufacturing

Differences between processing specialist and bookkeeper education

There are a few differences between a processing specialist and a bookkeeper in terms of educational background:

Processing SpecialistBookkeeper
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 46%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Processing specialist vs bookkeeper demographics

Here are the differences between processing specialists' and bookkeepers' demographics:

Processing SpecialistBookkeeper
Average age5151
Gender ratioMale, 39.5% Female, 60.5%Male, 15.4% Female, 84.6%
Race ratioBlack 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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between processing specialist and bookkeeper duties and responsibilities

Processing specialist example responsibilities.

  • Manage an email account specifically for customers to fill out an RMA request form.
  • Personalize and manage a customer SQL network database to consolidate all incoming orders from different marketplaces.
  • Utilize the Dictaphone transcription equipment, and process large volumes of documents on a daily basis.
  • Create and maintain organizational charts using Microsoft Visio.
  • Provide expert help to Wang users.
  • Open and diagnose incoming mail using Opex rapid extraction equipment.
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Bookkeeper example responsibilities.

  • Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
  • Perform journal entries, balance ledger, perform bank reconciliations, control inventory, coordinate proper guest accommodation.
  • Post and update of daily sales and purchases into QuickBooks system.
  • Execute monthly collection of Medicaid surplus funds from clients on a monthly basis.
  • Post resident receipts, Medicaid remittance, and process adjusting entries to the A/R detail.
  • Work closely with QC personnel for the planning of tooling and the flow process of PWB's.
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Processing specialist vs bookkeeper skills

Common processing specialist skills
  • Customer Service, 20%
  • Data Entry, 13%
  • Quality Standards, 8%
  • Process Improvement, 7%
  • Patients, 5%
  • Excellent Interpersonal, 3%
Common bookkeeper skills
  • Payroll Tax Returns, 12%
  • Customer Service, 10%
  • Reconciliations, 10%
  • Data Entry, 7%
  • Journal Entries, 5%
  • Financial Transactions, 4%

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