Reporting to manager, Accounts receivable duties include ensuring accuracy and efficiency of operations, processing and monitoring incoming payments, and securing revenue by verifying and posting receipts.
The role holder must have a broad accounting experience including handling account reconciliation and accounts receivables.
Accounts Receivable Responsibilities:
Prepare, verify, and process invoices for sales or services rendered
Enter data on invoices; ensure proper coding on documents
Collect on accounts by sending invoice reminders and communication with customers via phone, email, fax or mail
Post customer payments by recording cash, checks, and credit card transactions and entering them into the general ledger or accounting software
Prepare cash and check payments for bank; totaling and recording the deposit amounts, filling out deposit slips and bundling the funds and slips; making deposits at the bank
Update receivables by totaling unpaid invoices
Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted
Verify the validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments and customers
Resolve valid or authorized deductions by entering adjusting entries
Resolve invalid or unauthorized deductions by following pending deductions procedures
Resolve collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department
Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to accounts receivable account, verifying totals; preparing reports
Generate monthly, quarterly or annual financial statements and reports detailing paid and unpaid invoices and other accounts receivable activity
Protect organization’s value by keeping information confidential
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