How Much Does an Accounts Receivable Clerk Make an Hour?
In the world of finance and accounting, the role of an accounts receivable clerk is crucial for the smooth operation of businesses. These professionals are responsible for managing and maintaining the financial records of a company, particularly focusing on customer invoices and payments. But how much does an accounts receivable clerk make an hour? Understanding the average salary can help individuals interested in this career path or those currently in the field to gauge their earning potential.
Factors Influencing Hourly Wages
The hourly wage of an accounts receivable clerk can vary based on several factors. These include the industry, company size, geographical location, and the individual’s experience and qualifications. Generally, larger companies and industries such as healthcare, finance, and retail tend to offer higher wages compared to smaller businesses or less lucrative sectors.
Industry and Company Size
As mentioned earlier, the industry and company size play a significant role in determining the hourly wage of an accounts receivable clerk. For instance, financial institutions and healthcare organizations often pay higher wages due to the complex nature of their operations and the need for skilled professionals to manage their accounts receivable processes.
Geographical Location
The geographical location also impacts the salary of an accounts receivable clerk. Cities with a higher cost of living, such as New York, San Francisco, and Chicago, tend to offer higher wages to attract and retain talent. Conversely, smaller towns or rural areas may have lower wages due to the availability of other job opportunities.
Experience and Qualifications
Experience and qualifications are crucial factors in determining the hourly wage of an accounts receivable clerk. Individuals with more years of experience or additional certifications, such as the Certified Professional Bookkeeper (CPB) or Certified Bookkeeper (CB), may command higher wages. Employers often value candidates with a strong understanding of accounting principles, attention to detail, and excellent communication skills.
Average Hourly Wage
Based on various sources, the average hourly wage for an accounts receivable clerk in the United States ranges from $12 to $20 per hour. However, this figure can vary significantly depending on the factors mentioned above. For example, an experienced accounts receivable clerk in a large financial institution in a high-cost-of-living city may earn upwards of $30 per hour.
Conclusion
Understanding the average hourly wage for an accounts receivable clerk can help individuals make informed decisions about their career path. While the salary may vary based on various factors, the role remains an essential component of the financial sector. By focusing on experience, qualifications, and industry, individuals can increase their earning potential and contribute to the success of their organizations.
