What Does a Processing Specialist Do?

We looked at the average processing specialist annual salary and compared it with the average of an accounts payable clerk. Generally speaking, accounts payable clerks receive $17,254 lower pay than processing specialists per year.

While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both processing specialists and accounts payable clerks positions are skilled in customer service, data entry, and financial statements.

As far as similarities go, this is where it ends because a processing specialist responsibility requires 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." So if you're looking for what truly separates the two careers, you've found it.

Accounts payable clerks tend to make the most money in the technology industry by averaging a salary of $41,570. In contrast, processing specialists make the biggest average salary of $76,790 in the professional industry.

Accounts payable clerks tend to reach similar levels of education than processing specialists. In fact, accounts payable clerks are 2.7% less likely to graduate with a Master's Degree and 0.5% less likely to have a Doctoral Degree.

The next role we're going to look at is the bookkeeper profession. Typically, this position earns a lower pay. In fact, they earn a $15,250 lower salary than processing specialists per year.

Not everything about these jobs is different. Take their skills, for example. Processing specialists and bookkeepers both include similar skills like "customer service," "data entry," and "powerpoint" on their resumes.

In addition to the difference in salary, there are some other key differences that are 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 might be skilled 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.

Bookkeepers may earn a lower salary than processing specialists, but bookkeepers earn the most pay in the manufacturing industry with an average salary of $42,063. On the other side of things, processing specialists receive higher paychecks in the professional industry where they earn an average of $76,790.

In general, bookkeepers study at similar levels of education than processing specialists. They're 2.4% less likely to obtain a Master's Degree while being 0.5% less likely to earn a Doctoral Degree.

Let's now take a look at the accounting clerk profession. On average, these workers make lower salaries than processing specialists with a $16,904 difference per year.

Using processing specialists and accounting clerks resumes, we found that both professions have similar skills such as "customer service," "data entry," and "powerpoint," but the other skills required are very different.

As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from processing specialists resumes, they are more likely to have skills like "quality standards," "process improvement," "patients," and "excellent interpersonal." But a accounting clerk might have skills like "purchase orders," "reconciliations," "vendor invoices," and "quickbooks."

Accounting clerks make a very good living in the government industry with an average annual salary of $40,064. Whereas processing specialists are paid the highest salary in the professional industry with the average being $76,790.

Accounting clerks are known to earn similar educational levels when compared to processing specialists. Additionally, they're 2.4% less likely to graduate with a Master's Degree, and 0.4% less likely to earn a Doctoral Degree.

The fourth career we look at typically earns lower pay than processing specialists. On average, payment processors earn a difference of $21,557 lower per year.

While both processing specialists and payment processors complete day-to-day tasks using similar skills like customer service, data entry, and quality standards, the two careers also vary in other skills.

Even though a few skill sets overlap, 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 payment processors might include skills like "phone calls," "credit card payments," "patient payments," and "patient accounts" on their resume.

In general, payment processors make a higher salary in the insurance industry with an average of $38,534. The highest processing specialist annual salary stems from the professional industry.

In general, payment processors reach similar levels of education when compared to processing specialists resumes. Payment processors are 3.6% less likely to earn their Master's Degree and 0.5% less likely to graduate with a Doctoral Degree.