Senior accounts receivable specialist vs accounts payable lead

The differences between senior accounts receivable specialists and accounts payable leads can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a senior accounts receivable specialist, becoming an accounts payable lead takes usually requires 4-6 years. Additionally, an accounts payable lead has an average salary of $57,175, which is higher than the $54,494 average annual salary of a senior accounts receivable specialist.

The top three skills for a senior accounts receivable specialist include account reconciliations, customer accounts and reconciliations. The most important skills for an accounts payable lead are FAA, purchase orders, and vendor invoices.

Senior accounts receivable specialist vs accounts payable lead overview

	Senior Accounts Receivable Specialist	Accounts Payable Lead
Yearly salary	$54,494	$57,175
Hourly rate	$26.20	$27.49
Growth rate	-8%	-5%
Number of jobs	24,817	31,041
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 51%
Average age	46	51
Years of experience	12	6

What does a senior accounts receivable specialist do?

Senior accounts receivable specialists follow established accounts receivable and account payable policies, guidelines, control processes, and procedures. The specialists make sure that activities associated with the payables and receivables are accurate. They assist the partners of firms in terms of collecting and reporting accounts receivable balances that are already past due. It is their job to establish extensive contact with clients and partners. Also, they are responsible for tracking payments and perform banking deposits.

What does an accounts payable lead do?

Accounts payable leads are accounting professionals who are responsible for leading a team of professionals that manage the company's accounts payable, a short-term debt payment that needs to be paid to avoid default. These professionals are required to evaluate vendor invoices and prepare payments to pay vendors while preparing the daily expense reports. They must create the general ledger at the end of the month to reconcile closing balances. Accounts payable leads must also assist purchasing agents in resolving vendor or customer issues that pertained to inaccurate information on purchase orders.

Senior accounts receivable specialist vs accounts payable lead salary

Senior accounts receivable specialists and accounts payable leads have different pay scales, as shown below.

	Senior Accounts Receivable Specialist	Accounts Payable Lead
Average salary	$54,494	$57,175
Salary range	Between $38,000 And $78,000	Between $41,000 And $79,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	Connecticut	New York
Best paying company	Amkor Technology is a strategically located company with a diversified working environment. Employees mention free lunches, transportation, and lodging, and the management is good at recognizing key talents.	NV Energy
Best paying industry	Technology	Technology

Differences between senior accounts receivable specialist and accounts payable lead education

There are a few differences between a senior accounts receivable specialist and an accounts payable lead in terms of educational background:

	Senior Accounts Receivable Specialist	Accounts Payable Lead
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 51%
Most common major	Business	Accounting
Most common college	-	University of Pennsylvania

Senior accounts receivable specialist vs accounts payable lead demographics

Here are the differences between senior accounts receivable specialists' and accounts payable leads' demographics:

	Senior Accounts Receivable Specialist	Accounts Payable Lead
Average age	46	51
Gender ratio	Male, 18.3% Female, 81.7%	Male, 28.7% Female, 71.3%
Race ratio	Black or African American, 14.1% Unknown, 4.1% Hispanic or Latino, 19.0% Asian, 3.8% White, 58.5% American Indian and Alaska Native, 0.5%	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%
LGBT Percentage	8%	7%

Differences between senior accounts receivable specialist and accounts payable lead duties and responsibilities

Senior accounts receivable specialist example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Enter credit/debit memo, set up and process franchisees ACH.
Create and set up new financial institute bank accounts for ACH services.
Review submission of all charges and payments to include proper medical data and the appropriate CPT and ICD-9 codes.
Collect money owe to Texas Medicaid by medical providers.
Correspond with various commercial and federal insurance companies including Medicare and Medicaid.

Accounts payable lead example responsibilities.

Manage weekly payment scheduling to expedite and efficiently meet vendor payment deadlines; including check run dates, wires and ACH.
Manage payroll transactions utilizing ADP payroll software.
Process check runs: set payments within the system, verify accuracy, and print checks launch ACH payments.
Assist in the implementation of new ERP system by testing and providing information need to meet the accounts payable processes.
Process invoices, check requests, employee reimbursements, and credit memos and ensure compliance with SOX documentation and approval guidelines.
Transmit monthly payroll information for bank reconciliation.

Senior accounts receivable specialist vs accounts payable lead skills

Common senior accounts receivable specialist skills

Account Reconciliations, 6%
Customer Accounts, 6%
Reconciliations, 5%
Customer Service, 4%
Patient Accounts, 4%
Credit Card Payments, 4%

Common accounts payable lead skills

FAA, 7%
Purchase Orders, 7%
Vendor Invoices, 6%
Reconciliations, 6%
Data Entry, 5%
ACH, 5%

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Senior Accounts Receivable Specialist
Senior Accounts Receivable Specialist vs Accounts Payable Lead

Updated January 8, 2025

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