What does a processing specialist do?

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.

While similarities exist, there are also some differences between processing specialists and accounts payable clerk. For instance, processing specialist responsibilities require skills such as "quality standards," "process improvement," "patients," and "excellent interpersonal." Whereas a accounts payable clerk is skilled in "purchase orders," "expense reports," "vendor invoices," and "vendor statements." This is part of what separates the two careers.

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.

In addition to the difference in salary, there are some other key differences worth noting. For example, processing specialist responsibilities are more likely to require skills like "quality standards," "process improvement," "patients," and "excellent interpersonal." Meanwhile, a bookkeeper has duties that require skills in areas such as "payroll tax returns," "reconciliations," "journal entries," and "general ledger accounts." These differences highlight just how different the day-to-day in each role looks.

Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored. They validate records and check whether these are updated. They also sort through documents to ensure that they are in their proper storage bins. Aside from document handling, they also help with creating and validating financial statements and bookkeeping. As such, accounting clerks should have a strong background in accounting to manage their tasks better.

The required skills of the two careers differ considerably. For example, processing specialists are more likely to have skills like "quality standards," "process improvement," "patients," and "excellent interpersonal." But a accounting clerk is more likely to have skills like "purchase orders," "reconciliations," "vendor invoices," and "quickbooks."

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.

Even though a few skill sets overlap between processing specialists and payment processors, there are some differences that are important to note. For one, a processing specialist might have more use for skills like "process improvement," "excellent interpersonal," "business process," and "excellent organizational." Meanwhile, some responsibilities of payment processors require skills like "phone calls," "credit card payments," "patient payments," and "patient accounts. "