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Accounts Receivable

Overview, Education, Careers Types, Skills, Career Path, Resources

Accounts Receivable specialists manage incoming payments, ensuring accurate and timely financial records. They play a crucial role in maintaining a company's cash flow.

Average Salary

₹3,00,000

Growth

medium

Satisfaction

medium

Home/Careers/finance and banking/accounts receivable
Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

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    Invoicing and Billing
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    Payment Processing
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    Account Reconciliation
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    Collections Management
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    Credit Analysis
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    Reporting and Analysis
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    Accounting Software Proficiency
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    Dispute Resolution
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    Compliance and Regulatory Knowledge
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    Customer Relationship Management (CRM)
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

    Technical Skills

    Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

      Duties and Responsiblities

      Task

      95%

      Managing and overseeing the entire accounts receivable process to ensure accuracy and efficiency.

      90%

      Developing and implementing credit policies to minimize bad debt and maximize revenue.

      85%

      Monitoring customer accounts for overdue payments and initiating collection efforts.

      80%

      Preparing and analyzing accounts receivable aging reports to identify potential issues.

      75%

      Reconciling accounts receivable balances with the general ledger to ensure accuracy.

      70%

      Processing invoices and credit memos accurately and in a timely manner.

      65%

      Communicating with customers regarding their account status and payment inquiries.

      60%

      Negotiating payment plans with customers who are experiencing financial difficulties.

      55%

      Maintaining accurate and up-to-date customer records in the accounting system.

      50%

      Assisting with month-end and year-end closing procedures related to accounts receivable.

      Work Activities

      Detailed Work Profile

      Interests