account receivable job responsibilities

account receivable job responsibilities
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jobs Aug 6, 2024 0

account receivable job responsibilities are crucial for maintaining the financial health of a company. By ensuring timely and accurate invoicing, closely monitoring customer payments, and effectively managing collections, Accounts Receivable Clerks play a key role in cash flow management.

accounts receivable job description

An Accounts Receivable Clerk is responsible for managing and overseeing the company’s processes for accounts receivables. This position would involve the preparation and dispatch of invoices to customers from sales orders and contracts, together with making sure that all payments are received and applied correctly and on time. This involves monitoring customer accounts for outstanding balances, performing follow-up on overdue payments through telephonic, e-mail, and letter writings, and resolving payment discrepancy or disputes.

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account receivable job responsibilities

Here are the account receivable job responsibilities:

  • Prepare and issue invoices to customers in a timely and accurate manner, based on sales orders and agreements.
  • Ensure monitoring of customer accounts to confirm proper and timely receipt and application of payments to respective accounts.
  • Conduct follow-up with the customers for payment through telephone calls, e-mail, and letters; resolve such issues in a professional manner and promptly.
  • Coordinate with the sales team and any other internal department about customer concerns and ensure that the problems raised are solved in the shortest time possible.
  • Keep proper records of all interactions and transactions with the customers for accounting purposes.
  • Prepare monthly statements and mail them to the customer showing outstanding balances.
    Prepare a financial report on accounts receivables, including an aged trial balance, cash flow, bad debt estimates.
  • Collaborate with the Credit Department in assessing customers for credit worthiness on new and existing customer applications and assigning suitable credit limits.
  • Provide assistance during month and year-end closings by preparing reconciliations and reports for management.

accounts receivable skills

Accounts receivable (AR) skills are essential for managing a company’s incoming payments and ensuring accurate financial records. Here are some key skills in accounts receivable:

  • Attention to detail and accuracy in terms of numbers.
  • Good written and verbal communication skills for interaction with the public and internal teams.
  • Technical Skill: Accounting software; Microsoft Office Suite, specifically Excel, for data entry, analysis, and reporting purposes.
  • Good problem-solving skills to identify and address any discrepancies or issues related to payments.
  • Task prioritization and time management skills to meet deadlines.
  • Excellent organizational skills to maintain records accurately and current.
  • Knowledge of basic accounting principles and the Accounts Receivable process.
  • Ability to work independently and interdependently as part of a team.
  • High school diploma or equivalent; an accounting or finance degree preferred.
  • Proven experience in accounts receivable or a related area.
  • Experience using financial accounting software, primarily Quick Books or SAP.
  • Basic knowledge of financial statements and reporting.
  • Excellent problem-solving and analytical skills.
  • High degree of accuracy and attention to detail.
  • Effective communication and interpersonal skills.

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accounts receivable job salary

In Dubai, the average monthly salary for an Accounts Receivable Clerk is approximately AED 4,251. This figure reflects the typical compensation for professionals in this role, accounting for various factors such as experience, industry, and company size.

account receivable job responsibilities

Account receivable job responsibilities encompass a range of critical tasks essential for maintaining a company’s financial health.

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