Accounts Receivable Clerk Job Description: Templates for Hiring



accounts receivable job description

Navigating the labyrinth of financial transactions in a small business requires professionals who are both detail-oriented and versed in the nuances of accounting. One such role is that of an Accounts Receivable Clerk, essential to securing revenue and maintaining healthy customer accounts.

The Accounts Receivable Job Description

The accounts receivable job primarily involves managing incoming payments, ensuring timely collection, and maintaining accurate records. This job necessitates an understanding of accounting figures, proficiency in accounting software, and a high degree of meticulousness to ensure the validity of financial transactions.

Accounts Receivable Clerks, also known as Accounts Receivable Specialists, perform various tasks beyond mere number crunching. They help shape the company’s financial health, contributing significantly to its profitability and cash flow.



Accounts Receivable Clerk Job Description

Duties of an Accounts Receivable Clerk

The day-to-day accounts receivable duties of an Accounts Receivable Clerk or Specialist include managing customer accounts, posting receipts, examining customer payment plans, recording transactions, and conducting bank deposits. They also significantly resolve account discrepancies, verify valid or authorized deductions, and manage unpaid invoices.

  • Invoice Generation: Create and send invoices to customers or clients accurately and in a timely manner. Ensure that invoices contain all required details, such as payment terms, due dates, and itemized charges.
  • Payment Processing: Receive and process payments from customers through various methods, including checks, credit card payments, and electronic funds transfers. Apply payments to customer accounts accurately.
  • Account Reconciliation: Reconcile customer accounts to ensure that payments match outstanding balances. Investigate and resolve discrepancies or billing errors.
  • Collections: Follow up with customers who have overdue invoices. Send reminders, statements, or collection notices as necessary to encourage prompt payment.
  • Customer Inquiries: Address customer inquiries and concerns related to their accounts, invoices, or payment history in a courteous and professional manner. Provide assistance and clarification as needed.
  • Aging Reports: Generate and review accounts receivable aging reports regularly to track outstanding invoices and prioritize collections efforts. Report on past due accounts to management.
  • Credit Analysis: Assess the creditworthiness of new and existing customers to determine appropriate credit limits and terms. Make recommendations for credit adjustments or approvals.
  • Recordkeeping: Maintain accurate and organized records of all accounts receivable transactions, including invoices, payments, and correspondence. Ensure compliance with accounting and reporting standards.
ResponsibilityDescription
Invoice GenerationCreate and send accurate and timely invoices to customers with essential payment details, including due dates and itemized charges.
Payment ProcessingReceive and process customer payments using various methods (e.g., checks, credit cards, electronic transfers), accurately applying payments to customer accounts.
Account ReconciliationReconcile customer accounts to ensure that payments match outstanding balances, investigating and resolving discrepancies or billing errors.
CollectionsFollow up with customers holding overdue invoices, sending reminders or collection notices as needed to encourage prompt payment.
Customer InquiriesAddress customer inquiries and concerns regarding accounts, invoices, or payment history professionally, providing assistance and clarification.
Aging ReportsGenerate and review accounts receivable aging reports regularly to track outstanding invoices and prioritize collections efforts, reporting past due accounts to management.
Credit AnalysisAssess the creditworthiness of new and existing customers, determining suitable credit limits and terms, and making credit adjustment recommendations or approvals.
RecordkeepingMaintain meticulous and organized records of all accounts receivable transactions, including invoices, payments, and correspond

Accounts Receivable Clerk Job Description

The Skills Required

Performing the accounts receivable duties requires a unique blend of skills. The role requires a bachelor’s degree in a related field like accounting or finance. A keen eye for detail, strong math skills, ability to work independently, and high integrity are essential characteristics of a successful Accounts Receivable Clerk.


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Proficiency in accounting software is another prerequisite, along with the ability to analyze financial data and reconcile accounts efficiently. It is equally important for Accounts Receivable Clerks to be adept at navigating the fine line between maintaining cordial client relationships and assertively pursuing due payments.

Navigating the Accounts Receivable Landscape

In small businesses, the accounts receivable department plays a crucial role in determining the company’s financial well-being. But to grasp the essence of this role, one must first understand the job description and responsibilities accompanying it.

Key Account Management

The accounts receivable job goes beyond just keeping a tab on unpaid invoices and incoming payments. The role extends to the realm of strategic account management. As an accounts receivable specialist, there is a constant need to balance the expectations of the customer accounts and the company’s financial objectives.



Ensuring the timely and successful delivery of the company’s solutions based on customer needs and objectives can lead to long-term, mutually beneficial relationships. Maintaining strong relationships with customer stakeholders is pivotal for the success of the accounts receivable specialist.

Detail-Oriented Financial Management

Accounting for every penny that comes in, managing financial transactions, and keeping an accurate record of these transactions are all a part of the daily routine of an accounts receivable specialist. This role calls for a keen eye for detail, ensuring valid or authorized deductions are made and all account discrepancies are resolved promptly.

Furthermore, they need to be well-versed with accounting software, which aids in maintaining a systematic record of all transactions. They also manage customer payment plans, ensuring they align with the company’s policies and the customer’s financial capabilities.

Accounts Receivable Clerk Job Description



A People’s Person

One might think an accounts receivable job is all about numbers, but that’s only half the story. At its core, the role of an accounts receivable specialist involves dealing with people.

Whether contacting clients about unpaid invoices or examining customer payment plans, the accounts receivable clerk often serves as the face of the company to the clients. They work closely with the sales team, account executives, and even the senior account manager, often requiring them to possess excellent interpersonal and communication skills.

Account Receivable Job Description: Templates for Hiring at Your Business

Template 1:

This template presents the company as a small business that values accurate financial management. It emphasizes the need for an experienced and detail-oriented Accounts Receivable Specialist to join the team. The job description highlights responsibilities such as managing accounts receivable processes, resolving billing discrepancies, communicating with customers regarding outstanding balances, and generating reports. It also mentions the importance of strong knowledge of accounting principles and proficiency in accounting software.

Position: Accounts Receivable Specialist



Location: [City, State]

Company: [Company Name]

About Us: [Company Name] is a respected small business dedicated to providing exceptional financial services. We are currently seeking an experienced and detail-oriented Accounts Receivable Specialist to join our team.

Responsibilities:



• Manage accounts receivable processes, including invoicing, payment collections, and reconciliations.

• Review and verify the accuracy of invoices and resolve any billing discrepancies.

• Communicate with customers regarding outstanding balances, payment reminders, and payment arrangements.

• Process customer payments, apply them to appropriate accounts, and update records accordingly.



• Generate regular reports on accounts receivable status and aging analysis.

• Investigate and resolve customer inquiries and disputes in a timely and professional manner.

• Collaborate with internal teams to ensure accurate and timely billing and collections.

• Assist in month-end closing activities, including account reconciliations and reporting.



• Maintain updated customer records and documentation.

Qualifications:

• Prior experience in accounts receivable or a related financial role.

• Strong knowledge of accounting principles and practices.



• Proficiency in accounting software and MS Excel.

• Excellent attention to detail and accuracy in data entry and financial calculations.

• Strong organizational and time management skills.

• Effective communication and interpersonal skills.



• Ability to work independently and collaborate within a team.

• Associate’s degree in accounting or a related field is preferred.

Benefits:

• Competitive salary and benefits package.

• Opportunities for professional growth and development.

• Supportive and collaborative work environment.

To Apply: Please submit your resume, cover letter, and any relevant certifications to [email address] with the subject line “Accounts Receivable Specialist Application – [Your Name].” We appreciate your interest in joining our team and look forward to reviewing your application.

[Company Name] is an equal opportunity employer and does not discriminate on the basis of race, color, religion, gender, sexual orientation, national origin, age, disability, or any other protected characteristic.

Template 2:

This template showcases the company as a growing small business that prioritizes accurate financial management. It emphasizes the need for a detail-oriented and organized Accounts Receivable Clerk to join the team. The job description highlights responsibilities such as processing accounts receivable transactions, reconciling payments, maintaining customer records, and assisting in month-end closing activities. It also mentions the importance of basic understanding of accounting principles and proficiency in MS Office.

Job Description: Accounts Receivable Clerk

Location: [City, State]

Company: [Company Name]

About Us: [Company Name] is a growing small business that values accurate financial management. We are currently seeking a detail-oriented and organized Accounts Receivable Clerk to join our team.

Responsibilities:

• Process accounts receivable transactions, including generating invoices and issuing statements.

• Post customer payments and reconcile them with outstanding balances.

• Investigate and resolve any billing discrepancies or payment issues.

• Maintain accurate and up-to-date customer records and documentation.

• Assist in monitoring and managing customer credit limits and terms.

• Communicate with customers regarding payment reminders, inquiries, and account updates.

• Prepare regular reports on accounts receivable status and aging analysis.

• Assist in month-end closing activities, such as account reconciliations.

• Provide support to the Accounts Receivable team as needed.

Qualifications:

• Prior experience in accounts receivable or a similar financial role is preferred.

• Basic understanding of accounting principles and processes.

• Proficiency in MS Office, particularly Excel.

• Strong attention to detail and accuracy in data entry.

• Effective organizational and time management skills.

• Excellent communication and interpersonal abilities.

• Ability to work independently and collaboratively within a team.

Benefits:

• Competitive compensation based on experience.

• Opportunities for growth and professional development.

• Supportive work environment.

To Apply:

Please submit your resume, cover letter, and any relevant certifications to [email address] with the subject line “Accounts Receivable Clerk Application – [Your Name].” We appreciate your interest in joining our team and look forward to reviewing your application.

[Company Name] is an equal opportunity employer and does not discriminate on the basis of race, color, religion, gender, sexual orientation, national origin, age, disability, or any other protected characteristic.

Accounts Receivable Clerk Job Description

Template 3:

This template positions the company as a well-established small business committed to financial excellence. It highlights the need for a motivated and results-driven Collections Specialist to join the team. The job description emphasizes responsibilities such as managing the collections process, contacting customers for overdue payments, resolving inquiries and disputes, and generating reports on accounts receivable aging. It also mentions the importance of strong negotiation and communication skills.

Job Description: Collections Specialist

Location: [City, State]

Company: [Company Name]

About Us: [Company Name] is a well-established small business committed to financial excellence. We are currently seeking a motivated and results-driven Collections Specialist to join our team.

Responsibilities:

• Manage the collections process to ensure timely payment of outstanding balances.

• Contact customers to discuss overdue payments and negotiate payment arrangements.

• Investigate and resolve customer inquiries, disputes, and billing discrepancies.

• Maintain accurate records of collections activities and customer interactions.

• Generate reports on accounts receivable aging and collection performance.

• Collaborate with internal teams to streamline collections processes and improve cash flow.

• Stay updated on relevant regulations and best practices in collections.

Qualifications:

• Prior experience in collections or a related financial role.

• Strong negotiation and communication skills.

• Attention to detail and accuracy in data entry and documentation.

• Ability to work independently and meet deadlines.

• Proficiency in MS Office, particularly Excel.

• Excellent organizational and time management skills.

• Strong problem-solving abilities.

• Knowledge of collections software is a plus.

Benefits:

• Competitive salary and benefits package.

• Opportunities for professional growth and development.

• Supportive work environment.

To Apply: Please submit your resume, cover letter, and any relevant certifications to [email address] with the subject line “Collections Specialist Application – [Your Name].” We appreciate your interest in joining our team and look forward to reviewing your application.

[Company Name] is an equal opportunity employer and does not discriminate on the basis of race, color, religion, gender, sexual orientation, national origin, age, disability, or any other protected characteristic.

Template 4:

This template showcases the company as a reputable small business that values accurate and efficient financial services. It emphasizes the need for a detail-oriented and proactive Billing Specialist to join the team. The job description highlights responsibilities such as generating customer invoices, reviewing billing data, resolving discrepancies, and collaborating with internal teams. It also mentions the importance of attention to detail, proficiency in MS Office, and strong organizational skills.

Job Description: Billing Specialist

Location: [City, State]

Company: [Company Name]

About Us: [Company Name] is a reputable small business dedicated to providing accurate and efficient financial services. We are currently seeking a detail-oriented and proactive Billing Specialist to join our team.

Responsibilities:

• Generate accurate and timely customer invoices for products or services rendered.

• Review billing data and ensure it aligns with contracts and pricing agreements.

• Resolve any billing discrepancies or errors in a timely manner.

• Communicate with internal teams to gather necessary billing information.

• Assist with accounts receivable processes, including payment application and collections.

• Maintain billing records and documentation in an organized manner.

• Generate billing reports and analysis as required.

• Stay updated on industry billing standards and regulations.

• Collaborate with cross-functional teams to improve billing processes and accuracy.

Qualifications:

• Prior experience in billing or a related financial role is preferred.

• Strong attention to detail and accuracy in data entry.

• Proficiency in MS Office, particularly Excel.

• Effective communication and interpersonal skills.

• Strong organizational and time management abilities.

• Knowledge of billing software or ERP systems is a plus.

• Ability to work independently and collaboratively within a team.

Benefits:

• Competitive compensation based on experience.

• Opportunities for professional growth and development.

• Supportive work environment.

To Apply: Please submit your resume, cover letter, and any relevant certifications to [email address] with the subject line “Billing Specialist Application – [Your Name].” We appreciate your interest in joining our team and look forward to reviewing your application.

[Company Name] is an equal opportunity employer and does not discriminate on the basis of race, color, religion, gender, sexual orientation, national origin, age, disability, or any other protected characteristic.

Template 5: Entry-Level Accounts Receivable Clerk

Position: Entry-Level Accounts Receivable Clerk

Location: [City, State]

Company: [Company Name]

About Us:
[Company Name], a leading player in the [industry/sector], is seeking an Entry-Level Accounts Receivable Clerk. Our dynamic team is looking for someone who is eager to learn and grow within our company.

Job Description:
Join us as an Entry-Level Accounts Receivable Clerk and embark on a journey of professional growth. You will be responsible for basic accounts receivable duties under guidance, and play a role in managing and recording incoming payments, ensuring timely collections, and maintaining accurate financial records.

Responsibilities:

  • Assist in processing and recording incoming payments.
  • Support in maintaining accurate and up-to-date customer account information.
  • Help with invoice generation and distribution.
  • Participate in basic account reconciliations and data entry tasks.
  • Collaborate with the team on resolving minor account discrepancies.
  • Contribute to preparing and delivering periodic reports.

Qualifications:

  • High school diploma or equivalent. Business or accounting coursework is a plus.
  • Basic understanding of accounting principles and keen attention to detail.
  • Strong organizational skills and a willingness to learn.
  • Basic proficiency in MS Office and an openness to learn specialized accounting software.
  • Strong communication skills and a team player mindset.

Benefits:

  • Opportunity for growth and skill development.
  • Supportive team environment.
  • Competitive entry-level salary and benefits.

To Apply:
Please send your resume and a brief introduction to [email address], with the subject “Entry-Level Accounts Receivable Clerk Application – [Your Name].

Template 6: Senior Accounts Receivable Specialist

Position: Senior Accounts Receivable Specialist

Location: [City, State]

Company: [Company Name]

About Us:
At [Company Name], a leader in [industry/sector], we are on the lookout for a Senior Accounts Receivable Specialist. Our ideal candidate is someone with substantial experience in accounts receivable and a proven track record of enhancing receivables processes.

Job Description:
As a Senior Accounts Receivable Specialist, you will be in charge of overseeing all aspects of our accounts receivable operations. This role involves strategic management of client accounts, comprehensive invoice and payment processing, and impactful contribution to our financial strategies.

Responsibilities:

  • Manage and streamline the accounts receivable process.
  • Oversee the generation and dispatch of invoices, ensuring accuracy and timeliness.
  • Conduct thorough account reconciliations and handle complex discrepancies.
  • Develop strategies for effective debt collection and maintain healthy cash flow.
  • Lead and mentor the accounts receivable team, setting high-performance standards.
  • Collaborate with cross-functional teams to integrate receivables with overall financial strategies.
  • Deliver detailed reports and insights for senior management.

Qualifications:

  • Bachelor’s degree in Finance, Accounting, or related field.
  • Extensive experience in accounts receivable management.
  • Demonstrated leadership skills and ability to drive process improvements.
  • Strong analytical skills and proficiency in advanced accounting software.
  • Excellent communication skills and ability to work collaboratively.

Benefits:

  • Competitive salary commensurate with experience.
  • Leadership role in a dynamic environment.
  • Comprehensive benefits package and opportunities for career advancement.

To Apply:
Please send your resume and cover letter to [email address], with the subject line “Senior Accounts Receivable Specialist Application – [Your Name].

TemplatePositionCompany TypeKey Responsibilities (Summary)Qualifications (Summary)BenefitsHow to Apply
Template 1Accounts Receivable SpecialistSmall Business- Manage AR processes - Resolve billing discrepancies - Communicate with customers - Generate reports- Prior AR experience - Accounting knowledge - Proficiency in software - Communication skills- Competitive salary - BenefitsSubmit resume, cover letter, certifications to provided email
Template 2Accounts Receivable ClerkGrowing Small Business- Process AR transactions - Reconcile payments - Maintain records - Assist in month-end activities- Basic accounting understanding - MS Office proficiency - Attention to detail- Competitive compensationSubmit resume, cover letter, certifications to provided email
Template 3Collections SpecialistWell-Established Small Business- Manage collections process - Contact customers - Resolve inquiries - Generate reports - Stay updated on regulations- Collections experience - Negotiation skills - Proficiency in software - Problem-solving abilities- Competitive salarySubmit resume, cover letter, certifications to provided email
Template 4Billing SpecialistReputable Small Business- Generate invoices - Review billing data - Resolve discrepancies - Communicate with teams - Maintain records- Billing or related experience - MS Office proficiency - Attention to detail - Organizational skills- Competitive co

Conclusion

In the small business landscape, the role of an Accounts Receivable Clerk is not merely a job; it is a mission-critical responsibility. It requires a fine balance between analytical prowess, financial acumen, and customer service skills. An effective Accounts Receivable Clerk can help a small business improve its cash flow, minimize financial risk, and build stronger customer relationships. In essence, they are gatekeepers of the organization’s financial health and play a pivotal role in the company’s success.

By understanding the accounts receivable job description, small businesses can better appreciate the value these professionals bring to the table. Similarly, aspiring accounts receivable clerks can better understand the skills and qualifications needed to excel in this role.

Frequently Asked Questions

What is the role of an accounts receivable clerk in a small business?

An accounts receivable clerk in a small business is responsible for managing incoming payments, ensuring timely collection, maintaining accurate records, and examining customer payment plans. They also handle bank deposits, resolve account discrepancies, manage customer accounts, and maintain valid or authorized deductions.

What are the daily duties of an accounts receivable specialist?

An accounts receivable specialist handles a range of tasks, including posting receipts, recording transactions, verifying deductions, managing unpaid invoices, and conducting bank deposits. They also send bill reminders, predict upcoming payments, and carry out account reconciliations.

What skills are required for the accounts receivable job?

The role requires a bachelor’s degree in a related field like accounting or finance, a keen eye for detail, strong math skills, the ability to work independently, and a high degree of integrity. Proficiency in accounting software, ability to analyze financial data, and effective communication skills are also crucial.

What is the importance of the accounts receivable role in a small business?

Accounts receivable specialists play a vital role in securing the financial health of a small business. They improve cash flow, minimize financial risk, foster strong customer relationships, and contribute to the company’s overall success.

How does an accounts receivable clerk contribute to strategic account management?

Accounts receivable specialists balance the expectations of customer accounts with the financial objectives of the company. They ensure timely and successful delivery of the company’s solutions based on customer needs, which leads to long-term, mutually beneficial relationships.

Is accounts receivable job all about numbers?

While dealing with financial transactions and records is a significant part of the job, the accounts receivable role also involves substantial interaction with clients and other departments within the company. Thus, good interpersonal and communication skills are essential in addition to numerical proficiency.

What is the importance of accounting software in the accounts receivable role?

Accounts receivable specialists use accounting software to maintain systematic records of all transactions, manage customer payment plans, and carry out account reconciliations efficiently. Proficiency in using such software is an important skill for this role.

How do accounts receivable clerks manage customer relationships?

Accounts receivable clerks often serve as the face of the company to clients. They handle queries related to invoices, payments, and account discrepancies, fostering strong customer relationships and enhancing customer satisfaction and loyalty.

Image: Depositphotos


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Samson Haileyesus Samson Haileyesus is a staff writer for Small Business Trends and has several years of progressive experience in media, communication and PR working with government, NGOs and private sector. He is passionate about public outreach, branding, media relations and marketing.

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