What is Accounts Receivable?
The key role of an employee who works as an Accounts Receivable is to ensure their company receives payments for goods and services, and records these transactions accordingly. An Accounts Receivable job description will include securing revenue by verifying and posting receipts, and resolving any discrepancies.
This role requires the candidate to be organised and have a keen eye for detail to spot any issues that may arise.
What should be included in an Accounts Receivable job description?
A typical Accounts Receivable job description should include, but not be limited to:
- Maintaining the billing system
- Generating invoices and account statements
- Performing account reconciliations
- Maintaining accounts receivable files and records
- Producing monthly financial and management reports
- Investigating and resolving any irregularities or enquiries
- Assisting in general financial management and analysis
What skills and qualifications should an Accounts Receivable have?
Experience in accounting is required for an Accounts Receivable role, but a Bachelor’s degree isn’t a necessity. However, a degree in the following will allow a candidate to develop their career in accounting further:
- Accounting
- Finance or Economics
- Business Studies or Administration
- Mathematics
Within an Accounts Receivable role, they will need to possess the following skills:
- An ability to prioritise and manage expectations
- A keen eye for detail
- An ability to work independently
- The ability to communicate articulately and efficiently with other people within the company
- A mathematical background
- ✔ Communication skills
- ✔ Interpersonal skills
- ✔ Problem solving skills
- ✔ Punctuality
- ✔ Critical thinking skills
- ✔ Teamwork and collaboration skills
- ✔ Adaptability skills
- ✔ Work ethic
- ✔ Project management skills
How much does an Accounts Receivable Cost?
$80,000 - $125,000
An Accounts Receivable salary is determined typically by the number of years of experience, soft and technical skills, and the scale of responsibilities in the organisation.
