Accounts Receivable

An accounts receivable (AR) professional manages a company's incoming payments and ensures that invoices are collected promptly. Their responsibilities include:

Analyzing data:
Analyzing data to identify improvements to the collection strategy

Forecasting future collection amounts:
Collecting data to assist with building reports that forecast future collection amounts

Managing invoices and bills:
Preparing invoices based on accounting procedures, and sending them to customers

Tracking and collecting payments:
Recording, verifying, and posting payments received by the company

Maintaining customer relationships:
Responding to customer inquiries and addressing concerns

Resolving payment disputes:
Researching and investigating discrepancies in invoices

Reporting:
Running reports that document profits and losses, and submitting daily reports to management AR professionals should have strong problem-solving skills, excellent organizational skills, and the ability to work independently and collaboratively. They should also be proficient in using accounting software and Microsoft Office Suite, particularly Excel.