Settlement clerk vs accounts payable assistant

The differences between settlement clerks and accounts payable assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a settlement clerk and an accounts payable assistant. Additionally, an accounts payable assistant has an average salary of $37,145, which is higher than the $32,501 average annual salary of a settlement clerk.

The top three skills for a settlement clerk include data entry, settlement statements and administrative tasks. The most important skills for an accounts payable assistant are data entry, purchase orders, and vendor invoices.

Settlement clerk vs accounts payable assistant overview

	Settlement Clerk	Accounts Payable Assistant
Yearly salary	$32,501	$37,145
Hourly rate	$15.63	$17.86
Growth rate	-5%	-5%
Number of jobs	66,380	31,341
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 49%
Average age	51	51
Years of experience	6	6

Settlement clerk vs accounts payable assistant salary

Settlement clerks and accounts payable assistants have different pay scales, as shown below.

	Settlement Clerk	Accounts Payable Assistant
Average salary	$32,501	$37,145
Salary range	Between $26,000 And $39,000	Between $29,000 And $46,000
Highest paying City	-	Santa Cruz, CA
Highest paying state	-	California
Best paying company	-	Emerson College
Best paying industry	-	Construction

Differences between settlement clerk and accounts payable assistant education

There are a few differences between a settlement clerk and an accounts payable assistant in terms of educational background:

	Settlement Clerk	Accounts Payable Assistant
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 49%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Settlement clerk vs accounts payable assistant demographics

Here are the differences between settlement clerks' and accounts payable assistants' demographics:

	Settlement Clerk	Accounts Payable Assistant
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 15.2% Female, 84.8%
Race ratio	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%	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	7%	7%

Differences between settlement clerk and accounts payable assistant duties and responsibilities

Settlement clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Process invoices in AS400 for delivery drivers.
Read and understand settlement descriptions and amounts within the AS400
Balance cash box, PPG and cup/cooler receipts daily.
Answer ACH relate questions for external customers and bank personnel.
Dispatch all cash letters to correct banks or ACH clearing house.

Accounts payable assistant example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Issue weekly payments to vendors by check, ACH, domestic wire, and international wire in USD and other currencies.
Assist in accounts payable/receivable including check deposits, credit card payments, ACH payments, credits, check runs, etc.
Compose effective accounting reports summarizing accounts payable data using QuickBooks.
Prepare payroll for salary and hourly personnel, including necessary reports for regulatory bodies.
Respond to payroll accounting inquires; provide resolution, information, or direction accordingly.

Settlement clerk vs accounts payable assistant skills

Common settlement clerk skills

Data Entry, 43%
Settlement Statements, 9%
Administrative Tasks, 7%
Bank Deposits, 6%
Computer System, 3%
Multi-Line Phone System, 3%

Common accounts payable assistant skills

Data Entry, 15%
Purchase Orders, 10%
Vendor Invoices, 9%
Payroll, 6%
Vendor Statements, 5%
Financial Reports, 4%

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Settlement Clerk
Settlement Clerk vs Accounts Payable Assistant

Updated January 8, 2025

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