Accounts Receivable Specialist Salary

For Accounts Receivable Specialists, hourly average wages total $16.15 per hour. Total cash compensation to Accounts Receivable Specialists approaches anywhere from $27K on the lower end to $48K on the higher end; in exceptional cases, this can include more than $3K from bonuses and upwards of $4K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by experience level and the individual firm. There are far more female Accounts Receivable Specialists who answered the questionnaire than men, making up 88 percent. Job satisfaction is reported as high by the vast majority of workers. A fair number enjoy medical while the greater part get dental coverage. Vision coverage is also available to over one-half. The numbers in this rundown were provided by PayScale's salary survey participants.

$29,929 - $50,474
(Median)
$30K
$39K
$50K
MEDIAN: $39,358
10%
50%
90%

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$12.48 - $20.66
(Median)
$12
$16
$21
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17K$34K$51K
Salary
$29,929 - $50,474  
   
Bonus
$0.00 - $3,011  
Profit Sharing
$295.15 - $4,200  
Commission
$0.00 - $2,442  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,288 - $48,093  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,293
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$12.48 - $20.66  
   
Overtime
$17.75 - $31.35  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $3,011  
   
Commission
$0.00 - $2,442  
Profit Sharing
$295.15 - $4,200  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,288 - $48,093  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,463
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Job Description for Accounts Receivable Specialist

  • Monitor overdue accounts, receive payments and post amounts paid to customer accounts.
  • Prepare statements to credit department if customer fails to respond.
  • Locate and notify customers of delinquent accounts by mail or telephone.

Common Career Paths for Accounts Receivable Specialist


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Though not the most common occurrence, Accounts Receivable Specialists sometimes become Accounting Managers, where the average income is $60K per year. Staff Accountants or Accounts Receivable Managers are common next-step roles for Accounts Receivable Specialists moving up in their careers; annual pay for Staff Accountants is $7K higher on average, and it's $7K higher for Accounts Receivable Managers.

Accounts Receivable Specialist Job Listings

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Popular Employer Salaries for Accounts Receivable Specialist


Not only do salaries lack room to grow — pay ranges from $21K to just $37K — but McKesson Corp. offers the lowest pay in town to boot, with a median paycheck of $28K.

Popular Skills for Accounts Receivable Specialist


Survey results imply that Accounts Receivable Specialists deploy a deep pool of skills on the job. Most notably, skills in Credit Control, Collections, Accounting, and Accounts Payable are correlated to pay that is above average. Skills that pay less than market rate include Insurance, Medical Coding, and Medicaid & Medicare Billing. Those familiar with Accounts Receivable also tend to know Billing.

Pay by Experience Level for Accounts Receivable Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Accounts Receivable Specialists, extensive experience does not lead to significantly more money. Although individuals who have less than five years' experience earn $34K on average, people with five to 10 years benefit from a notably larger average of $37K. For Accounts Receivable Specialists, 10 to 20 years of experience on the job amounts to an average salary of $38K. People who have worked for more than 20 years report a median income of $39K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For Accounts Receivable Specialists, working in the bustling city of New York has its advantages, including an above-average pay rate. Accounts Receivable Specialists will also find cushy salaries in Seattle (+14 percent), Atlanta (+13 percent), Chicago (+13 percent), and Los Angeles (+12 percent). Miami ranks last in the field for pay, reporting salaries 11 percent below the national average. Not at the bottom but still paying below the median are employers in Portland and Charlotte (8 percent lower and 6 percent lower, respectively).

Related Job Salaries

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Experience Affects Accounts Receivable Specialist Salaries




National Average
$36,000


Skills That Affect Accounts Receivable Specialist Salaries


Collections
up arrow 3%

Accounting
up arrow 2%

Microsoft Excel
up arrow 1%

Accounts Payable
up arrow 1%

Accounts Receivable
0%

Billing
0%

Microsoft Office
0%

National Average
$36,000

Quickbooks
up arrow 1%

Customer Service
up arrow 2%

Microsoft Word
up arrow 2%

Data Entry
up arrow 4%

Medicaid & Medicare Billing
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 727 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
25%
10-19 years
28%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 67%
vision benefits Vision: 52% employee benefits None: 19%
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