Settlement clerk vs accounts receivable clerk

The differences between settlement clerks and accounts receivable clerks 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 receivable clerk. Additionally, an accounts receivable clerk has an average salary of $36,425, 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 receivable clerk are customer service, data entry, and collection calls.

Settlement clerk vs accounts receivable clerk overview

	Settlement Clerk	Accounts Receivable Clerk
Yearly salary	$32,501	$36,425
Hourly rate	$15.63	$17.51
Growth rate	-5%	-5%
Number of jobs	66,380	87,935
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 36%
Average age	51	51
Years of experience	6	6

Settlement clerk vs accounts receivable clerk salary

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

	Settlement Clerk	Accounts Receivable Clerk
Average salary	$32,501	$36,425
Salary range	Between $26,000 And $39,000	Between $29,000 And $45,000
Highest paying City	-	Boston, MA
Highest paying state	-	Massachusetts
Best paying company	-	IBM
Best paying industry	-	Finance

Differences between settlement clerk and accounts receivable clerk education

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

	Settlement Clerk	Accounts Receivable Clerk
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 36%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Settlement clerk vs accounts receivable clerk demographics

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

	Settlement Clerk	Accounts Receivable Clerk
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 13.7% Female, 86.3%
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 receivable clerk 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 receivable clerk example responsibilities.

Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
Utilize QuickBooks accounting software for billing/invoices, generate statements.
Perform necessary adjustments using knowledge of Medicare and all third party insurance.
Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.

Settlement clerk vs accounts receivable clerk 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 receivable clerk skills

Customer Service, 12%
Data Entry, 9%
Collection Calls, 8%
Financial Data, 7%
Credit Card Payments, 5%
Process Payments, 5%

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Office and Administrative Industry
Settlement Clerk
Settlement Clerk vs Accounts Receivable Clerk

Updated January 8, 2025

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