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Accounts Receivable Cash Application Employment Information

Accounts Receivable Cash Application Overview Almost every type of business requires clerks, bookkeepers and other ...

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Accounts Receivable Cash Application Overview

Almost every type of business requires clerks, bookkeepers and other office employees to keep important records organized. Accounts Receivable Cash Application Specialists work with invoicing, accounts receivable and other cash processing activities. Their duties might include manually taking payments, processing them and recording them in financial records to keep a company's books updated.

Accounts Receivable Cash Application Education Requirements

Generally, to become an Accounts Receivable Cash Application Specialist, you must have an associate degree in a business-related field. Some employees only have high school diplomas, however, and received on-the-job-training that prepared them for their careers. Many employers prefer those with at least an associate degree along with a few years of experience in bookkeeping or clerical duties. Candidates who have bachelor's degrees in accounting or finance have more of a competitive edge over those with less education.

Accounts Receivable Cash Application Job Market

The job market for Accounts Receivable Cash Application Specialists is projected to grow approximately 11 percent from 2012 to 2022, which is about as fast as the average growth for all occupations. Generally, the amount of Accounts Receivable Cash Application Specialists that are needed directly mirrors the growth of the economy. As the number of organizations increases, so does the need for specialists to carry out cash application processes. Although there has been concern by some in the industry that advances in technology have led to software that eliminates the need for Accounts Receivable Cash Application Specialists to conduct as many transactions, such specialists are still needed to operate the software and ensure accuracy as well as efficiency. A similar position would be an Accounts Receivable Clerk Job.

Accounts Receivable Cash Application Salary

The median annual salary for Accounts Receivable Cash Application specialists is approximately $35,170. Specialists who are in the highest-earning percentile have an income of as much as $54,310 annually.

  1. Accounts Receivable Cash Application