Accounts Receivable Overview Accounts Receivable Clerks are responsible for managing outstanding receivables owed to a ...
Accounts Receivable Overview
Accounts Receivable Clerks are responsible for managing outstanding receivables owed to a company and recording payments as they come in. These payments are usually related to the sale of goods or services. However, they may be comprised of other receivables such as interest payments, the sale of intellectual property, or other tangible and non-tangible assets. In addition to managing current receivables, Accounts Receivable Clerks may also be tasked with contacting defaulted customers to collect past-due invoices.
Accounts Receivable Education Requirements
Becoming an Accounts Receivable Clerk does not require a college degree. However, for those who wish to pursue a higher level of responsibility within the company, having a bachelor's degree or advanced degree in accounting, finance or another related discipline will be helpful. Accounts Receivable Clerks will need to have a solid foundation in accounting in order to ensure transactions are recorded in line with generally accepted accounting principles. Successful Accounts Receivable Clerks will also have familiarity with a wide range of computer software applications including word processing and spreadsheet programs, prepackaged accounting software and accounts receivable tracking software. In addition, strong communications skills are a must as it will be necessary to contact customers regularly to inquire about payment.
Accounts Receivable Job Market
Isolating the statistics of the job market for Accounts Receivable jobs is difficult. However, the outlook for general Accounting Clerks is positive. Statistics indicate that for this extended field, job growth is expected to increase around 9 percent over the next 10 years. As more businesses recognize the need to keep accurate records of their revenue, Accounting Clerks will find more opportunities for work. Similar positions include Account Receivable jobs.
Accounts Receivable Salary
The average annual salary for Accounts Receivable jobs with a high school diploma is $35,170. Employees who have earned degrees or have extensive experience will earn a higher salary.