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The differences between senior accounts payable specialists and accounts receivable specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior accounts payable specialist, becoming an accounts receivable specialist takes usually requires 6-12 months. Additionally, a senior accounts payable specialist has an average salary of $60,557, which is higher than the $39,873 average annual salary of an accounts receivable specialist.
The top three skills for a senior accounts payable specialist include vendor statements, expense reports and purchase orders. The most important skills for an accounts receivable specialist are customer service, patients, and data entry.
| Senior Accounts Payable Specialist | Accounts Receivable Specialist | |
| Yearly salary | $60,557 | $39,873 |
| Hourly rate | $29.11 | $19.17 |
| Growth rate | -5% | -8% |
| Number of jobs | 31,611 | 61,988 |
| Job satisfaction | 3 | 4.5 |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 45% |
| Average age | 51 | 46 |
| Years of experience | 6 | 12 |
A senior accounts payable specialist is responsible for performing more complex tasks in the accounting department of an organization and assisting the junior staff in processing financial transactions. Senior accounts payable specialists manage invoice release for vendors and perform bank reconciliations. They also handle the vendors' inquiries and concerns regarding their paychecks and resolve billing discrepancies that they may have. A senior account payable specialist must have excellent knowledge of the accounting principles to generate payments accurately and maintain an organized record of the financial filing system.
Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.
Senior accounts payable specialists and accounts receivable specialists have different pay scales, as shown below.
| Senior Accounts Payable Specialist | Accounts Receivable Specialist | |
| Average salary | $60,557 | $39,873 |
| Salary range | Between $43,000 And $83,000 | Between $31,000 And $50,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Delaware | Connecticut |
| Best paying company | Pacific Investment Management Company LLC | InfosysPublicService |
| Best paying industry | Finance | Technology |
There are a few differences between a senior accounts payable specialist and an accounts receivable specialist in terms of educational background:
| Senior Accounts Payable Specialist | Accounts Receivable Specialist | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 45% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between senior accounts payable specialists' and accounts receivable specialists' demographics:
| Senior Accounts Payable Specialist | Accounts Receivable Specialist | |
| Average age | 51 | 46 |
| Gender ratio | Male, 15.2% Female, 84.8% | Male, 18.2% Female, 81.8% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% | Black or African American, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 8% |