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Virtual assistant vs finance assistant

The differences between virtual assistants and finance assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a virtual assistant and a finance assistant. Additionally, a virtual assistant has an average salary of $39,915, which is higher than the $37,926 average annual salary of a finance assistant.

The top three skills for a virtual assistant include data entry, customer service and email management. The most important skills for a finance assistant are customer service, data entry, and payroll.

Virtual assistant vs finance assistant overview

Virtual AssistantFinance Assistant
Yearly salary$39,915$37,926
Hourly rate$19.19$18.23
Growth rate-8%-8%
Number of jobs49,508118,749
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 59%
Average age5050
Years of experience22

What does a virtual assistant do?

Virtual Assistants are remote workers who work with clients that need assistance. They usually do administrative or clerical activities such as managing soft copies of a document, writing e-mail correspondences, managing calendars, scheduling appointments, and other activities. They manage the e-mail of their clients and respond to inquiries and other messages. They also manage phone calls by answering calls, taking messages, and dialing for their clients. Virtual Assistants may also be asked to handle travel-related tasks of their clients, such as creating itineraries, booking flights, and booking hotels.

What does a finance assistant do?

A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.

Virtual assistant vs finance assistant salary

Virtual assistants and finance assistants have different pay scales, as shown below.

Virtual AssistantFinance Assistant
Average salary$39,915$37,926
Salary rangeBetween $29,000 And $54,000Between $27,000 And $52,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateHawaiiConnecticut
Best paying companyIBMBoston Consulting Group
Best paying industryProfessionalManufacturing

Differences between virtual assistant and finance assistant education

There are a few differences between a virtual assistant and a finance assistant in terms of educational background:

Virtual AssistantFinance Assistant
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityUniversity of Pennsylvania

Virtual assistant vs finance assistant demographics

Here are the differences between virtual assistants' and finance assistants' demographics:

Virtual AssistantFinance Assistant
Average age5050
Gender ratioMale, 12.4% Female, 87.6%Male, 24.9% Female, 75.1%
Race ratioBlack or African American, 9.1% Unknown, 3.9% Hispanic or Latino, 16.0% Asian, 3.8% White, 66.5% American Indian and Alaska Native, 0.7%Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between virtual assistant and finance assistant duties and responsibilities

Virtual assistant example responsibilities.

  • Organize and manage client's social media using Hootsuite.
  • Manage payments and receipts in QuickBooks, manage bank deposits.
  • Manage the LinkedIn account and network of a human resources professional.
  • Assist in managing client accounts via twitter, Facebook, and link in.
  • Manage emails, voice mail, Skype, chat, and twitter correspondence.
  • Manage social media pages as well as the business Facebook page and group page.
  • Show more

Finance assistant example responsibilities.

  • Manage finance operations of assign USPS location.
  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Maintain cash receipts and disbursement records using QuickBooks and prepare bank reconciliations.
  • Provide emergency Medicaid screening for undocument patients, and perform necessary follow-up calls pertaining to NYC Medicaid applications.
  • Interpret information requests and correspond with patients and agencies in accordance with hospital, state and HIPAA regulations.
  • Schedule appointments, request prior authorization with appropriate CPT and ICD-9 codes, coordinate surgeries, procedures, etc.
  • Show more

Virtual assistant vs finance assistant skills

Common virtual assistant skills
  • Data Entry, 9%
  • Customer Service, 8%
  • Email Management, 8%
  • Booking, 7%
  • Website Maintenance, 6%
  • Zoom, 6%
Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%

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