How To Become An Accounts Receivable Analyst: What It Is and Career Path

What is an accounts receivable analyst and how to become one

Updated January 8, 2025

4 min read

An accounts receivable analyst is in charge of handling all aspects of billing, credit, and collections. Their role affords them the luxury of working in various organizations and industries. The analyst keeps track of payments and debts owed to the company. He/She resolves overdue payments or outstanding balances, and he/she reviews accounting and financial records to provide clients with correct billing information. Additionally, he/she collects, organizes, and processes credit applications, invoices, receipts, and other financial statements. Accounts receivable analysts are responsible for updating and maintaining customer accounts and improve the company's cash flow.

Most employers require a bachelor's degree in finance, accounting, business administration, or economics. Applicants must be proficient in accounting software (FreshBooks or ZOHO) and invoice creation software (QuickBooks or Xero). Core skills include multitasking, communication, attention to detail, analytical, presentation, and organization skills. These experts earn an average salary of $47,180 yearly. It ranges between $35,000 and $63,000.

ScoreAccounts Receivable AnalystUS Average

Salary

3.4

Avg. Salary $43,692

Avg. Salary $59,228

Stability Level

7.9

Growth Rate -8%

Growth Rate 0.3%

Diversity

6.0

Race

American Indian and Alaska Native 0.48%

Asian 3.51%

Black or African American 14.23%

Hispanic or Latino 18.70%

Unknown 3.99%

White 59.09%

Gender

female 70.60%

male 29.40%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress Level

7.9

Stress level is high

7.1 - high

Complexity Level

4.9

Complexity Level is intermediate

7 - challenging

Work Life Balance

7.6

Work Life balance is good

6.4 - fair

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Key steps to become an accounts receivable analyst

Explore accounts receivable analyst education requirements

Most common accounts receivable analyst degrees

Bachelor's

61.0 %

Associate

21.0 %

Master's

7.8 %

Start to develop specific accounts receivable analyst skills

Skills	Percentages
Customer Service	13.47%
Reconciliations	8.48%
Customer Accounts	6.56%
Pivot Tables	4.22%
Patients	3.78%

Complete relevant accounts receivable analyst training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New accounts receivable analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an accounts receivable analyst based on U.S. Bureau of Labor Statistics data and data from real accounts receivable analyst resumes.

Research accounts receivable analyst duties and responsibilities

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.

Prepare your accounts receivable analyst resume

When your background is strong enough, you can start writing your accounts receivable analyst resume.

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