Account receivable associate vs payment processor

Differences between account receivable associate and payment processor duties and responsibilities

Account receivable associate example responsibilities.

• Manage daily credit card reconciliations and personally deliver regular cash deposits in a safe and professional manner.
• Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
• Participate in month end close process by ensuring all assign journal entries and account reconciliations are perform timely and accurately.
• Receive payments by credit card, ACH (automate clearing house) and electronic bank deposits.
• Create and process ACH draft files, credit cards and manual deposits for multiple bank accounts.
• Print and export daily EDI orders, match documents by PO number and forward to shipping department for processing.
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Payment processor example responsibilities.

• Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
• Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
• Prepare and print all reports for EDI processing.
• Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
• Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
• Investigate and take corrective action regarding invoices reject by system or through EDI.
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