Average Accounts Receivable Clerk Salary in Zambia for 2024

In this article, we will look at the average Accounts Receivable Clerk salary for 2024 in Zambia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Zambian kwacha. To keep things simple, we are using the ZMW currency code instead of the currency symbol ZK.

How Much Does an Accounts Receivable Clerk Make in Zambia?

An Accounts Receivable Clerk working in Zambia will typically earn around 36,720 ZMW per year, and this can range from the lowest average salary of about 19,480 ZMW to the highest average salary of 58,280 ZMW.

Average Annual Salary
36,720 ZMW
Average Monthly Salary
3,060 ZMW

Lowest Annual Salary
19,480 ZMW
Lowest Monthly Salary
1,623 ZMW

Highest Annual Salary
58,280 ZMW
Highest Monthly Salary
4,856 ZMW

These are average salaries for an Accounts Receivable Clerk in Zambia and include benefits such as housing and transport. It's also possible for an Accounts Receivable Clerk to earn more or less than the average salaries shown above.

Accounts Receivable Clerk salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Accounts Receivable Clerk Salaries in Zambia

So we've looked at the average salaries an Accounts Receivable Clerk will earn in Zambia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Accounts Receivable Clerk can earn between 19,480 ZMW and 58,280 ZMW on average in Zambia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Accounts Receivable Clerk in Zambia is 37,380 ZMW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 37,380 ZMW, and 50% of the population earn more than 37,380 ZMW.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Accounts Receivable Clerk salary in Zambia, 25% of the population are earning less than 24,200 ZMW while 75% of the population earn more than 24,200 ZMW.

75% of the population earn less than 45,720 ZMW, and 25% of the population earn more than 45,720 ZMW.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Accounts Receivable Clerk Salary by Experience Level in Zambia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average accounts receivable clerk salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Accounts Receivable Clerk in Zambia that has less than two years of experience can expect to earn somewhere in the region of 20,460 ZMW.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounts Receivable Clerk salary would increase to 28,900 ZMW.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounts Receivable Clerk, the average salary would be 41,700 ZMW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 49,360 ZMW.
  • 15 - 20 Years Experience. An Accounts Receivable Clerk with 15 to 20 years of experience can earn an average of 53,860 ZMW.
  • 20+ Years Experience. For an Accounts Receivable Clerk with more than 20 years, the expected average salary increases to 58,440 ZMW.

Average Salary by Experience Chart

0-2 Years
20,460 ZMW
2-5 Years +31%
28,900 ZMW
5-10 Years +40%
41,700 ZMW
10-15 Years +20%
49,360 ZMW
15-20 Years +9%
53,860 ZMW
20+ Years +8%
58,440 ZMW

Accounts Receivable Clerk Salary by Education Level in Zambia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Accounts Receivable Clerk in Zambia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Accounts Receivable Clerk in Zambia with a high school education can earn an average salary of 23,700 ZMW.

  • Certificate or Diploma. An Accounts Receivable Clerk in Zambia with a certificate or diploma education can earn an average salary of 36,580 ZMW.

  • Bachelor's Degree. An Accounts Receivable Clerk in Zambia with a bachelor's degree education can earn an average salary of 57,080 ZMW.

Average Salary by Education Chart

High School
23,700 ZMW
Certificate or Diploma +47%
36,580 ZMW
Bachelor's Degree +53%
57,080 ZMW

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Zambia is around 30,000 to 90,000 ZMW and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Accounts Receivable Clerk Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Zambia, a male accounts receivable clerk will earn an average of 41,180 ZMW, while a female accounts receivable clerk will earn around 35,000 ZMW.

This means that a male accounts receivable clerk earns approximately 18% more than a female accounts receivable clerk for performing the same job.

Average Salary by Gender Chart in Zambia

Male
41,180 ZMW
Female -18%
35,000 ZMW

Accounts Receivable Clerk Average Pay Raise in Zambia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Accounts Receivable Clerk in Zambia is around 7% every 27 months.

The national average pay raise across all professions and industries in Zambia is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 27 ) × 12  = 3%

What this means is that an Accounts Receivable Clerk in Zambia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Zambia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Zambia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Accounts Receivable Clerk Bonus and Incentive Rates in Zambia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Accounts Receivable Clerk is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
10%
No Bonus
90%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Zambia earn approximately 21% more than private sector employees in the same role.

Public Sector
80,180 ZMW
Private Sector -21%
66,260 ZMW

Salaries for Jobs Similar to an Accounts Receivable Clerk

In the table below, we have salary information for jobs that are similar to an Accounts Receivable Clerk in Zambia.

Job Title Category Salary
Account Examiner Accounting and Finance 39,160 ZMW
Account Executive Accounting and Finance 61,620 ZMW
Accountant Accounting and Finance 47,400 ZMW
Accounting Analyst Accounting and Finance 64,200 ZMW
Accounting Assistant Accounting and Finance 40,240 ZMW
Accounting Associate Accounting and Finance 38,680 ZMW
Accounting Clerk Accounting and Finance 31,940 ZMW
Accounting Coordinator Accounting and Finance 46,720 ZMW
Accounting Head Accounting and Finance 97,880 ZMW
Accounting Manager Accounting and Finance 106,360 ZMW
Accounting Officer Accounting and Finance 35,420 ZMW
Accounting Specialist Accounting and Finance 69,240 ZMW
Accounting Supervisor Accounting and Finance 70,600 ZMW
Accounting Technician Accounting and Finance 36,940 ZMW
Accounting Unit Controller Accounting and Finance 82,520 ZMW
Accounts Executive Accounting and Finance 63,380 ZMW
Accounts Officer Accounting and Finance 39,960 ZMW
Accounts Payable and Receivable Specialist Accounting and Finance 50,660 ZMW
Accounts Payable Assistant Accounting and Finance 42,040 ZMW
Accounts Payable Associate Accounting and Finance 45,620 ZMW
Accounts Payable Clerk Accounting and Finance 40,420 ZMW
Accounts Payable Manager Accounting and Finance 97,840 ZMW
Accounts Receivable Administrator Accounting and Finance 72,420 ZMW
Accounts Receivable Financial Analyst Accounting and Finance 67,800 ZMW
Accounts Receivable Manager Accounting and Finance 96,220 ZMW
Accounts Receivable Team Leader Accounting and Finance 76,540 ZMW
Assistant Accountant Accounting and Finance 36,020 ZMW
Assistant Accounting Manager Accounting and Finance 97,060 ZMW
Assistant Auditor Accounting and Finance 50,240 ZMW
Assistant Corporate Controller Accounting and Finance 72,380 ZMW
Assistant Finance Manager Accounting and Finance 107,320 ZMW
Assistant Financial Controller Accounting and Finance 69,780 ZMW
Audit Director Accounting and Finance 120,880 ZMW
Audit Supervisor Accounting and Finance 89,120 ZMW
Auditing Clerk Accounting and Finance 39,960 ZMW
Auditing Manager Accounting and Finance 109,520 ZMW
Billing Clerk Accounting and Finance 37,380 ZMW
Billing Coordinator Accounting and Finance 48,820 ZMW
Billing Specialist Accounting and Finance 55,140 ZMW
Billing Supervisor Accounting and Finance 75,500 ZMW
Bookkeeper Accounting and Finance 32,420 ZMW
Bookkeeping Specialist Accounting and Finance 48,160 ZMW
Budget Analyst Accounting and Finance 89,980 ZMW
Budget Manager Accounting and Finance 105,080 ZMW
Business Support Analyst Accounting and Finance 58,200 ZMW
Capital Markets Associate Accounting and Finance 71,400 ZMW
Cash Flow Analyst Accounting and Finance 78,480 ZMW
Cash Management Manager Accounting and Finance 98,000 ZMW
Cash Management Officer Accounting and Finance 58,280 ZMW
Cashbook Clerk Accounting and Finance 34,240 ZMW
Chartered Accountant Accounting and Finance 61,840 ZMW
Chief Accountant Accounting and Finance 80,180 ZMW
Collections Clerk Accounting and Finance 32,200 ZMW
Collections Representative Accounting and Finance 43,220 ZMW
Collections Specialist Accounting and Finance 49,560 ZMW
Corporate Controller Accounting and Finance 81,180 ZMW
Corporate Treasurer Accounting and Finance 92,680 ZMW
Cost Accountant Accounting and Finance 51,800 ZMW
Cost Accounting Manager Accounting and Finance 103,600 ZMW
Cost Accounting Supervisor Accounting and Finance 78,940 ZMW
Cost Analyst Accounting and Finance 78,960 ZMW
Credit and Collection Manager Accounting and Finance 98,960 ZMW
Credit and Collection Staff Accounting and Finance 38,700 ZMW
Credit and Loans Officer Accounting and Finance 38,180 ZMW
Credit Controller Accounting and Finance 69,060 ZMW
Credit Manager Accounting and Finance 107,880 ZMW
Debt Adviser Accounting and Finance 83,060 ZMW
Debt Collector Accounting and Finance 43,340 ZMW
Debtors Clerk Accounting and Finance 37,620 ZMW
Debtors Controller Accounting and Finance 35,420 ZMW
Deputy CFO Accounting and Finance 136,200 ZMW
Deputy Head of Finance Accounting and Finance 134,600 ZMW
Derivative Trader Accounting and Finance 91,560 ZMW
Director of Finance Accounting and Finance 148,300 ZMW
Economist Accounting and Finance 119,700 ZMW
Equity Analyst Accounting and Finance 93,660 ZMW
Escrow Assistant Accounting and Finance 45,600 ZMW
Executive Accountant Accounting and Finance 57,860 ZMW
External Auditor Accounting and Finance 69,540 ZMW
Finance Administrator Accounting and Finance 57,820 ZMW
Finance Analyst Accounting and Finance 90,900 ZMW
Finance Associate Accounting and Finance 45,000 ZMW
Finance Director Accounting and Finance 148,300 ZMW
Finance Executive Accounting and Finance 104,140 ZMW
Finance Licensing Clerk Accounting and Finance 36,700 ZMW
Finance Licensing Manager Accounting and Finance 93,280 ZMW
Finance Licensing Specialist Accounting and Finance 56,060 ZMW
Finance Manager Accounting and Finance 148,300 ZMW
Finance Officer Accounting and Finance 48,340 ZMW
Finance President Accounting and Finance 152,000 ZMW
Finance Relationship Manager Accounting and Finance 113,780 ZMW
Finance Release Analyst Accounting and Finance 60,480 ZMW
Finance Specialist Accounting and Finance 80,520 ZMW
Finance Team Leader Accounting and Finance 113,280 ZMW
Financial Accountant Accounting and Finance 50,240 ZMW
Financial Actuary Accounting and Finance 80,060 ZMW
Financial Administrator Accounting and Finance 88,580 ZMW
Financial Advisor Accounting and Finance 93,780 ZMW
Financial Analyst Accounting and Finance 92,240 ZMW
Financial Applications Specialist Accounting and Finance 64,920 ZMW
Financial Assistant Accounting and Finance 38,340 ZMW
Financial Associate Accounting and Finance 40,600 ZMW
Financial Associate Accounting and Finance 47,120 ZMW
Financial Claims Analyst Accounting and Finance 66,840 ZMW
Financial Claims Manager Accounting and Finance 95,860 ZMW
Financial Claims Supervisor Accounting and Finance 83,420 ZMW
Financial Clerk Accounting and Finance 38,340 ZMW
Financial Commercial Analyst Accounting and Finance 69,720 ZMW
Financial Compliance Analyst Accounting and Finance 77,860 ZMW
Financial Consultant Accounting and Finance 65,760 ZMW
Financial Controller Accounting and Finance 82,160 ZMW
Financial Controller Accounting and Finance 82,200 ZMW
Financial Coordinator Accounting and Finance 47,120 ZMW
Financial Customer Service Manager Accounting and Finance 89,340 ZMW
Financial Dealer and Broker Accounting and Finance 53,860 ZMW
Financial Director Accounting and Finance 150,000 ZMW
Financial Encoder Accounting and Finance 44,300 ZMW
Financial Manager Accounting and Finance 136,200 ZMW
Financial Manager Accounting and Finance 150,000 ZMW
Financial Operations Manager Accounting and Finance 128,900 ZMW
Financial Policy Analyst Accounting and Finance 79,240 ZMW
Financial Project Manager Accounting and Finance 104,140 ZMW
Financial Quantitative Analyst Accounting and Finance 85,880 ZMW
Financial Reporting Consultant Accounting and Finance 77,060 ZMW
Financial Reporting Manager Accounting and Finance 98,820 ZMW
Financial Section Head Accounting and Finance 99,220 ZMW
Financial Services Manager Accounting and Finance 125,700 ZMW
Financial Services Sales Agent Accounting and Finance 51,900 ZMW
Fixed Assets Administrator Accounting and Finance 53,380 ZMW
Forensic Accountant Accounting and Finance 57,320 ZMW
Fraud Detection Supervisor Accounting and Finance 64,640 ZMW
Fraud Prevention Manager Accounting and Finance 98,120 ZMW
Fund Accountant Accounting and Finance 48,640 ZMW
Grants Coordinator Accounting and Finance 40,560 ZMW
Group Financial Manager Accounting and Finance 152,100 ZMW
Internal Auditor Accounting and Finance 69,780 ZMW
Internal Control Adviser Accounting and Finance 81,880 ZMW
Internal Control Officer Accounting and Finance 44,300 ZMW
International Tax Director Accounting and Finance 125,700 ZMW
Inventory Accountant Accounting and Finance 50,340 ZMW
Investment Advisor Accounting and Finance 143,200 ZMW
Investment Analyst Accounting and Finance 98,540 ZMW
Investment Associate Accounting and Finance 87,760 ZMW
Investment Broker Accounting and Finance 86,640 ZMW
Investment Fund Manager Accounting and Finance 111,920 ZMW
Investment Operations Manager Accounting and Finance 110,380 ZMW
Investment Underwriter Accounting and Finance 45,560 ZMW
Investor Accounting and Finance 68,060 ZMW
Investor Relations Manager Accounting and Finance 98,440 ZMW
KYC Team Leader Accounting and Finance 101,020 ZMW
Loan Processor Accounting and Finance 44,300 ZMW
Management Accountant Accounting and Finance 53,320 ZMW
Management Economist Accounting and Finance 113,220 ZMW
Paymaster Accounting and Finance 38,700 ZMW
Payroll Administrator Accounting and Finance 67,800 ZMW
Payroll Benefits Coordinator Accounting and Finance 54,280 ZMW
Payroll Billing Manager Accounting and Finance 96,600 ZMW
Payroll Clerk Accounting and Finance 44,140 ZMW
Payroll Manager Accounting and Finance 96,160 ZMW
Payroll Officer Accounting and Finance 44,800 ZMW
Payroll Specialist Accounting and Finance 54,180 ZMW
Payroll Supervisor Accounting and Finance 64,040 ZMW
Pensions Administrator Accounting and Finance 50,660 ZMW
Personal Financial Advisor Accounting and Finance 75,220 ZMW
Pricing Analyst Accounting and Finance 84,580 ZMW
Private Equity Analyst Accounting and Finance 84,560 ZMW
Project Accountant Accounting and Finance 52,880 ZMW
Proposal Development Coordinator Accounting and Finance 41,480 ZMW
Receivables Accountant Accounting and Finance 46,040 ZMW
Regulatory Accountant Accounting and Finance 56,140 ZMW
Retirement Plan Analyst Accounting and Finance 81,180 ZMW
Revenue Management Specialist Accounting and Finance 79,500 ZMW
Revenue Recognition Analyst Accounting and Finance 96,520 ZMW
Risk Management Director Accounting and Finance 127,700 ZMW
Risk Management Supervisor Accounting and Finance 97,840 ZMW
Staff Accountant Accounting and Finance 49,200 ZMW
Tax Accountant Accounting and Finance 47,120 ZMW
Tax Administrator Accounting and Finance 55,320 ZMW
Tax Advisor Accounting and Finance 73,020 ZMW
Tax Analyst Accounting and Finance 79,360 ZMW
Tax Associate Accounting and Finance 44,140 ZMW
Tax Consultant Accounting and Finance 83,060 ZMW
Tax Director Accounting and Finance 114,000 ZMW
Tax Examiner Accounting and Finance 53,840 ZMW
Tax Manager Accounting and Finance 105,300 ZMW
Tax Research Manager Accounting and Finance 99,280 ZMW
Teller Accounting and Finance 31,660 ZMW
Treasury Accountant Accounting and Finance 53,840 ZMW
Treasury Analyst Accounting and Finance 82,480 ZMW
Underwriter Accounting and Finance 35,000 ZMW
Underwriting Assistant Accounting and Finance 33,120 ZMW
Vice President of Finance Accounting and Finance 142,300 ZMW

Salary Comparison by City

If you want to compare salaries with different cities in Zambia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Lusaka 42,320 ZMW

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