Account receivable associates generate revenue for companies by ensuring that clients are properly billed for goods or services. You will process and record transactions. Likewise, processing, verifying, posting receipts for goods sold or services rendered are also part of your duties. Similarly, you will research and resolve all account discrepancies. You will also work with the collection department to review accounts, credit history, and client's payment and develop new or better repayment terms. Reports and statements will be recorded and kept for internal use. Also, you must attend any ongoing educational opportunities that will help you for the job role as well as update your job knowledge.
The educational requirement for this post is a Bachelor's degree in accounting, finance, or related field. Strong mathematics, typing, and computer skills, especially with bookkeeping software, are important. You must have good interpersonal skills to build relationships with clients and internal departments. Another important skill for the post is good time management and problem-solving skills. You will earn an average of $40,073 a year.
There is more than meets the eye when it comes to being an Account Receivable Associate. For example, did you know that they make an average of $22.1 an hour? That's $45,970 a year!
Between 2018 and 2028, the career is expected to grow -8% and produce -19,400 job opportunities across the U.S.
There are certain skills that many Account Receivable Associates have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Listening skills, Negotiating skills and Speaking skills.
If you're interested in becoming an Account Receivable Associate, one of the first things to consider is how much education you need. We've determined that 54.5% of Account Receivable Associates have a bachelor's degree. In terms of higher education levels, we found that 5.3% of Account Receivable Associates have master's degrees. Even though most Account Receivable Associates have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an Account Receivable Associate. When we researched the most common majors for an Account Receivable Associate, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Account Receivable Associate resumes include High School Diploma degrees or Master's Degree degrees.
You may find that experience in other jobs will help you become an Account Receivable Associate. In fact, many Account Receivable Associate jobs require experience in a role such as Customer Service Representative. Meanwhile, many Account Receivable Associates also have previous career experience in roles such as Administrative Assistant or Accounts Receivable Specialist.