Definition of an Account Receivable Clerk:
The account receivable clerk is responsible for preparing posts, verifying and recording customer payments and transactions related to accounts receivable. They create invoices according to company practices and submit invoices to customers. Maintains and updates customer files, including name or address changes, mergers, or mailing attentions.
Responsibilities of Account Receivable Clerk:
There are mentions responsibilities of an account receivable clerk resumes representing typical tasks they are likely to perform in their jobs.
- Manage and cover daily bank deposit runs and record deposits into Automated Software.
- Initiate demographic updates of customer information to own company as well as insurance companies to palliate billing problems.
- Gain online reports of bank deals, including deposits, Automated Clearing House (ACH), Electronic Funds Transfer (EFT), and line payments from multiple banking institutions.
- Develop significant billing, journal entry, Account Payable, Accounts Receivable, bank reconciliation, payroll, collection, and lastly purchasing experience.
- Use automated account software for billing or checks, induce statements.
- Perform necessary adjustments using knowledge of the company and all third-party insurance.
- Maintain current knowledge of company guidelines to ensure accurate billing and timely payment.
- Maintain ACH client’s banking information, correcting invalided-mail addresses and contact information.
- Check company eligibility on the company’s website to ensure the customer’s information is correct before recycling the claim.
- Process and examiner payments and expenditures, while preparing and covering the payroll system efficiently and directly.
- Maintain payroll operations by following policies and procedures; reporting need changes and requesting approvals before payrolls are released.
- Compose and prepare correspondences and reports, including spreadsheets, maps or graphs, PowerPoint presentations.
- Produce and maintain yearly reports for the company through a spreadsheet for the Accounts Receivable (AR) and Accounts Payable (AP).
- Arrange conferences and meetings for AR review with the management of past due and problem accounts on a timely basis.
- Track electronic insurance deposits and corroborate for accuracy against End of Business.
- Support and examiner Electronic Data Interchange (EDI) advancements to ensure effectiveness.
- Process wholesaler or distributor chargeback requests admit via EDI transmission.
- Dissect purchasing and entering documents to ensure policy compliance and report discrepancies immediately.
- Maintain and distribute yearly forecast and analysis reports for commercial management.
- Increase effectiveness and reduce Days Sales Outstanding by turning company receivables into a paperless terrain.
Education and Training:
We are providing you with a complete list of academic qualifications that you need to achieve before applying for this job. So, here is the list of educational requirements to become an account receivable clerk:
- A bachelor’s degree in accounting
- 3 years experience in a related role
- A high degree of accuracy
- Strong attention to detail
- Excellent customer service skills
- Capability to calculate and manage accounting figures
- Basic acknowledgment of accounting principles
- Relieve working with budgets, payroll, revenue, and forecasting
The national average payment of an account receivable clerk is $38,000 per year in the United State. So; they can earn $2,000 per month. The payment ranges can vary widely depending on so many important factors, including education, certifications, additional skills, and the number of years you have spent in your profession.
As we have completed our discussion about the account receivable clerk designation. We informed you about the various aspects anyone needs to know while they are looking for jobs. We think it is our righteous duty to provide our readers with the most authentic and valid information. So, we told you about aspects such as basic definition, responsibilities, education & certifications, skill requirements, and salary. Now, it is time for us to show you the last and the most important information you require to start your path as an account clerk.
Where to get Employment! This is one of the most important questions left for us to answer. So, the answer is that you can seek employment via any online job searching platform. These include many job searching platforms such as indeed, jooble, and a few others. You can also build up a linked profile and get started with sending connection requests to as many recruiters as you like. However, if you want to keep things simple and don’t want to worry much about the headache of finding the best opportunity for yourself. Akandle! Yes, we are here for you. Firstly, visit the main page of akandle. Then type in the job designation and select location. Hit Enter. Follow the simple steps and find the best opportunity right on your doorstep. It’s that simple.