What Do Billing, Cost, and Rate Clerks Do?
Billing Clerk Definition Compile data, compute fees and charges, and prepare invoices for billing purposes. Duties include computing costs and calculating rates for goods, services, and shipment of goods; posting data; and keeping other relevant records. May involve use of computer or typewriter, calculator, and adding and bookkeeping machines.
Daily Life Of a Billing Clerk
- Estimate market value of products or services.
- Consult sources such as rate books, manuals, or insurance company representatives to determine specific charges or information such as rules, regulations, or government tax and tariff information.
- Contact customers to obtain or relay account information.
- Perform bookkeeping work, including posting data or keeping other records concerning costs of goods or services or the shipment of goods.
- Review documents such as purchase orders, sales tickets, charge slips, or hospital records to compute fees or charges due.
- Review compiled data on operating costs and revenues to set rates.
Billing Clerk Required Skills
Billing, Cost, and Rate Clerks state the following job skills are important in their day-to-day work.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Time Management: Managing one’s own time and the time of others.
Related Job Titles for this Occupation:
- Toll Ticket Clerk
- Accounting Assistant
- Medical Insurance Coder
- Medical Billing Specialist
- Principal Account Clerk
Is There Going to be Demand for Billing, Cost, and Rate Clerks?
In 2016, there was an estimated number of 501,000 jobs in the United States for Billing and Posting Clerks.
New jobs are being produced at a rate of 14.1% which is lower than average. The Bureau of Labor Statistics predicts 70,700 new jobs for Billing, Cost, and Rate Clerks by 2026. There will be an estimated 59,500 positions for Billing Clerk per year.
The states with the most job growth for Billing and Posting Clerks are Texas, California, and New York.
Watch out if you plan on working in Wyoming, Vermont, or South Dakota. These states have the worst job growth for this type of profession.
What is the Average Salary of a Billing Clerk
Billing and Posting Clerks Make between $26,840 and $55,500 a year. The median salary is $37,800.
How much do Billing and Posting Clerks make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$63,020|
What Tools do Billing, Cost, and Rate Clerks Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Billing, Cost, and Rate Clerks:
- MEDITECH software
- Intuit QuickBooks
- Medical condition coding software
- NetSuite ERP
- Microsoft PowerPoint
- Microsoft Access
- Microsoft Word
- Epic Systems
- Microsoft Excel
- Medical procedure coding software
Becoming a Billing Clerk
What kind of Billing, Cost, and Rate Clerk requirements are there?
What work experience do I need to become a Billing Clerk?
Who Employs Billing, Cost, and Rate Clerks?
You May Also Be Interested In…
Those thinking about becoming Billing, Cost, and Rate Clerks might also be interested in the following careers:
- Receptionists and Information Clerks
- Switchboard Operators, Including Answering Service
Are you already one of the many Billing, Cost, and Rate Clerks in the United States? If you’re thinking about changing careers, these fields are worth exploring:
- Loan Interviewers and Clerks
- Municipal Clerks
Image Credit: Via Wikimedia Commons