October 3, 2008, Newsletter Issue #99: Accounts Receivable Job Description

Tip of the Week

All accounts receivable jobs deal with only one line item of the financial statements - accounts receivable.

The clerical accounts receivable job is known as the Accounts Receivable Clerk. This position generally involves assisting with accounting projects as needed; coding accounts receivable, sorting and posting incoming customer checks; resolving customer claims; researching differences between invoices and cash received (may involve customer claims); making collection calls; maintaining Accounts Receivable aging report; comparing aging report totals to credit limits; sort and file documents as needed; making bank deposits; posting credit memos; preparing daily cash reports; updating the sales ledger; updating customer accounts; preparing new accounts receivable accounts - if directed; assist with month-end accounts receivable closing. The Accounts Receivable Clerk is responsible for posting to various accounting records such as ledgers, journals, and subsidiary ledger to maintain the accounts receivable account.

Also, the Accounts Receivable Clerk must have good keyboard skills, strong organizational skills, strong analytical skills, and knowledge of accounting software programs.

The Accounts Receivable Accountant usually supervises the Accounts Receivable Clerk. This position also prepares financial statements, journal entries: opening, adjusting, and closing;

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