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 (BLS), accounts receivable clerks earned a median salary of $39,590 as of May 2020. Accounts receivable clerks may work in small, medium-sized, or large offices with various opportunities for advancement into management or supervisory positions.
May 2020 Bureau of Labor Statistics salary and job market trends for billing and posting clerks represent national data, not school-specific information. Conditions in your area may vary. Data Accessed May 2021.