Becoming an Accounts Receivable Clerk
A business organization should keep track of all payments that are made to their establishment. This provides information for a business to maintain a record of clients who have invoices that are outstanding. Tracking payments helps determine how much money the company receives.
Incoming payments are verified, classified, computed and recorded by an accounts receivable clerk. Bank deposits are prepared for all payments that are received via cash, checks, money orders, credit cards or debit cards. An account receivable clerk may contact clients about past due bills and help with concerns about an account. An accounts receivable clerk is responsible for keeping track of each client’s account, ensuring that payments are posted accurately, updating files and verifying data.
Employers may seek individuals who have an associates degree in accounting or an advanced degree in accounting. Some employers might hire an individual who has completed college-level accounting courses. Most employers prefer individuals with prior working experience in accounts receivables or accounting. Employers might provide new accounts receivables clerks some on the job training to get familiar with the policies and procedures of the company.
Salary and Job Outlook
According to the Bureau of Labor Statistics, an accounts receivable clerk makes approximately $36,000 a year. Accounts receivable clerks may work in small, medium-sized or large offices with various opportunities for advancement into management or supervisory positions. The accounting clerks position is expected to grow about 14% over the next ten years. This is the average rate for all occupations. The key to job growth in the accounting field is driven by the overall economic growth.