Key Achievements:
- Streamlined invoice issuance and payment tracking, reducing collection time by 25%.
- Improved accuracy of receivables data entry, reducing errors by 30%.
- Assisted in recovering overdue payments, contributing £20,000 to company revenue.
- Implemented standardised record-keeping procedures, enhancing reporting efficiency.
- Supported month-end reporting, helping senior accountants focus on analysis.
Duties & Responsibilities:
- Generate and issue customer invoices accurately and in a timely manner.
- Record and post incoming payments, ensuring correct allocation to customer accounts.
- Reconcile customer accounts and resolve discrepancies or disputes.
- Monitor outstanding receivables and follow up on overdue payments.
- Maintain accurate accounts receivable records, including ledgers and supporting documentation.
- Assist in the preparation of management accounts and month-end reporting.
- Support VAT and other statutory reporting as required.
- Assist with credit control, including liaising with customers regarding payment terms.
- Prepare reports on receivables ageing, payment trends, and cash flow forecasts.
- Ensure compliance with company policies, statutory requirements, and internal controls.
- Assist internal and external audits by providing accounts receivable documentation.
- Support process improvements to enhance efficiency, accuracy, and reporting.
- Liaise with sales, operations, and finance teams to resolve payment issues.
- Maintain filing and documentation for audit and compliance purposes.
- Assist with cash flow monitoring and forecasting.
- Provide administrative support to the finance team, including data entry and reporting.
- Participate in continuous professional development (CPD) and training.
- Uphold confidentiality, accuracy, and professionalism in all accounts receivable activities.
- Prepare ad-hoc reports and analysis for management as required.
- Contribute to the efficient functioning of the finance and credit control departments.
What does an Accounts Receivable Clerk do?
An Accounts Receivable Clerk manages customer invoicing, records incoming payments and helps ensure outstanding debts are collected promptly. They play an important role in supporting healthy cash flow and maintaining accurate customer account records.
What qualifications do you need to become an Accounts Receivable Clerk?
Many employers recruit candidates with finance administration experience, AAT qualifications or previous accounts receivable experience. Good numerical ability and experience using accounting software are also highly desirable.
What skills are important for an Accounts Receivable Clerk?
Accounts Receivable Clerks require excellent attention to detail, communication and organisational skills. Strong customer service ability, problem-solving skills and confidence using finance systems are equally important.
What are the responsibilities of an Accounts Receivable Clerk?
Responsibilities include issuing invoices, allocating customer payments, reconciling accounts, following up outstanding balances, maintaining customer records and preparing receivables reports.
What career progression is available for an Accounts Receivable Clerk?
Accounts Receivable Clerks commonly progress into Accounts Receivable Supervisor, Credit Controller, Accounts Receivable Manager or Transactional Finance Manager positions.