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Accounts Receivable Job Description

Accounts Receivable Job Description
An accounts receivable covers some major tasks related to the accounting department of a firm. The job description of an accounts receivable is enlisted in the article below.
CareerStint Staff
The field of finance and accounting is well-known for providing employment opportunities to a large number of skilled accounts and finance graduates. The scope and extent of career opportunities in this field has always been fairly good enough, except in times of a bad economy. Nevertheless, the jobs of accounts receivable in the recent years has gained significant importance in various industries. Their duties consist of various activities, like maintaining a proper report of firms accounts and balance sheets. Operations and marketing departments, on the other hand, ensure that the quality and sales aspect of the firm is at its peak.

Job Description
  • Accountants are hired at various designations, consequently, their job duties may differ.
  • Generally, the job of clerks related to this designation includes keeping up-to-date billing systems and keeping a check on the various collection, billing and reporting activities.
  • Accounts receivables normally report to the Chief Financial Officer (CFO).
  • They are expected to draft weekly reports about finances and resolve any outstanding payments.
  • You need to have adequate knowledge of accounting software and expertise in handling Microsoft Office, especially Excel.
  • You will be interacting with higher management officials and handling various facets of accounting.
  • You need to have strong organizational and multitasking abilities.
  • Attending daily collection calls is a part of the job too.
  • You have to carry out proper market research, accounting research, and analysis
  • It is your duty to send statements to customers and clients regarding their financial transactions or other aspects of the financial market
  • You are also expected to sort out the problems of customers with respect to outstanding issues.
  • Basically, accounts receivable is a term that is generally used to indicate accounts that are held by customers who owe money to the firm or the company for some goods and services.
  • If you are a manager in this field, then your job will involve various roles in accounts department, and you will also be asked to hire and train accounts receivable clerks.
  • In the initial years, generally, one starts with the position of a clerk, and with increased work experience and performance, one is promoted to the manager's position. This demands several years of work experience and practice though.
  • Since these jobs require extensive use of computers in maintaining financial data and entering various other reports, a certain level of proficiency in computers is absolutely important.
Salary
  • The salary range for professionals with a work experience between 1 to 4 years is approximately USD 25,000.
  • An experience between 5 to 9 years demands a salary of around USD 40,000.
The career development path for accountants receivable professionals is fairly bright and it promises excellent growth options for junior accountants.