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.
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What is an Accounts Receivable Analyst?
What Does an Accounts Receivable Analyst Do
There are certain skills that many accounts receivable analysts 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.
How To Become an Accounts Receivable Analyst
If you're interested in becoming an accounts receivable analyst, one of the first things to consider is how much education you need. We've determined that 61.0% of accounts receivable analysts have a bachelor's degree. In terms of higher education levels, we found that 7.8% of accounts receivable analysts have master's degrees. Even though most accounts receivable analysts have a college degree, it's possible to become one with only a high school degree or GED.
Career Path For an Accounts Receivable Analyst
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, an accounts receivable analyst can determine their career goals through the career progression. For example, they could start out with a role such as staff accountant, progress to a title such as accountant and then eventually end up with the title accounting manager.
Accounts Receivable Analyst
Average Salary for an Accounts Receivable Analyst
Accounts Receivable Analysts in America make an average salary of $43,692 per year or $21 per hour. The top 10 percent makes over $57,000 per year, while the bottom 10 percent under $33,000 per year.
Average Accounts Receivable Analyst Salary
$43,692Â Yearly$21.01 hourly
What Am I Worth?
Roles and Types of Accounts Receivable Analyst
The role of an accounts receivable analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general accounts receivable analyst responsibilities:
- Providing quality customer service in a high-volume, fast-paced, multi-channel contact center using automated call distribution software while accurately processing
- The successful candidate’s responsibilities will include, but not be limited to: review
- Provides outstanding support by acting as primary point of contact for all customer billing/payment issues on complex leasing portfolio manages the reconciliation aspects of the leasing portfolio initiates problem resolution by using various research
There are several types of accounts receivable analyst, including:
Accounts Payable Clerk
Role:
Accounts Payable Clerks are responsible for check financial records for accuracy. A lot of the work is also known as bookkeeping. Most generally, you'll be working in an office setting, but occassionally you'll get to visit clients at their place of work. A change of scenary might be nice.
You'll probably want some postsecondary education experience under your belt if you're going to try to become an accounts payable clerk. But you'll also be able to learn some on-the-job so keep that in mind. The big takeaway here is that you'll want some basic math and computer skills so that you can perform your work effortlessly.
You'll probably want some postsecondary education experience under your belt if you're going to try to become an accounts payable clerk. But you'll also be able to learn some on-the-job so keep that in mind. The big takeaway here is that you'll want some basic math and computer skills so that you can perform your work effortlessly.
- Average Salary: $38,333
- Degree: Bachelor's Degree
Analyst
Role:
An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.
Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.
The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?
Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.
The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?
- Average Salary: $73,007
- Degree: Bachelor's Degree
Accounting Clerk
Role:
Most accountants look at numbers all day. Accounting clerks do so much more. In fact, they're in charge of making sure the financial records are kept up-to-date, as well as being responsible for typing up reports.
You might need a little training at first, especially with the accounting software programs. Those programs can be a little tricky to understand, but after a little practice, you'll get the hang of it.
It's pretty well-known that accountants have a "busy season." Well, as an accounting clerk, don't start thinking you're in the clear from that. Taxes need to be filed at the same time each year and the number of financial documents that you'll keep organized will keep you very busy for much of the year.
You might need a little training at first, especially with the accounting software programs. Those programs can be a little tricky to understand, but after a little practice, you'll get the hang of it.
It's pretty well-known that accountants have a "busy season." Well, as an accounting clerk, don't start thinking you're in the clear from that. Taxes need to be filed at the same time each year and the number of financial documents that you'll keep organized will keep you very busy for much of the year.
- Average Salary: $38,683
- Degree: Bachelor's Degree
States With The Most Accounts Receivable Analyst Jobs
Mouse over a state to see the number of active accounts receivable analyst jobs in each state. The darker areas on the map show where accounts receivable analysts earn the highest salaries across all 50 states.
Average Salary: Job Openings:
Number Of Accounts Receivable Analyst Jobs By State
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 2,267 | $51,627 |
| 2 | Texas | 1,720 | $40,473 |
| 3 | New York | 1,230 | $50,832 |
| 4 | Florida | 1,225 | $36,879 |
| 5 | Pennsylvania | 945 | $44,863 |
| 6 | Illinois | 911 | $41,195 |
| 7 | Virginia | 848 | $54,920 |
| 8 | Ohio | 776 | $41,917 |
| 9 | Georgia | 681 | $41,253 |
| 10 | Massachusetts | 673 | $50,855 |
| 11 | New Jersey | 628 | $49,130 |
| 12 | Maryland | 605 | $49,580 |
| 13 | North Carolina | 588 | $40,338 |
| 14 | Arizona | 550 | $43,897 |
| 15 | Michigan | 507 | $44,691 |
| 16 | Colorado | 496 | $44,083 |
| 17 | Minnesota | 494 | $42,195 |
| 18 | Washington | 476 | $39,232 |
| 19 | Tennessee | 441 | $37,766 |
| 20 | Missouri | 440 | $41,424 |
| 21 | Indiana | 409 | $40,846 |
| 22 | Oregon | 363 | $43,456 |
| 23 | Wisconsin | 341 | $42,911 |
| 24 | Kentucky | 271 | $46,129 |
| 25 | Utah | 251 | $36,610 |
| 26 | South Carolina | 216 | $39,536 |
| 27 | Alabama | 216 | $37,279 |
| 28 | Iowa | 216 | $35,298 |
| 29 | Connecticut | 210 | $55,817 |
| 30 | Kansas | 190 | $40,068 |
| 31 | Arkansas | 181 | $36,386 |
| 32 | Nevada | 163 | $41,834 |
| 33 | Louisiana | 153 | $38,847 |
| 34 | Nebraska | 148 | $38,778 |
| 35 | Oklahoma | 145 | $37,541 |
| 36 | New Hampshire | 124 | $42,410 |
| 37 | New Mexico | 94 | $38,644 |
| 38 | Idaho | 88 | $39,374 |
| 39 | Mississippi | 81 | $43,219 |
| 40 | Rhode Island | 77 | $47,817 |
| 41 | Montana | 75 | $40,387 |
| 42 | Delaware | 73 | $46,345 |
| 43 | North Dakota | 68 | $43,557 |
| 44 | Maine | 68 | $42,419 |
| 45 | West Virginia | 57 | $36,782 |
| 46 | Vermont | 56 | $44,469 |
| 47 | South Dakota | 55 | $38,144 |
| 48 | Hawaii | 54 | $39,477 |
| 49 | Alaska | 51 | $47,133 |
| 50 | Wyoming | 25 | $39,123 |
Top Skills For an Accounts Receivable Analyst
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.5% of accounts receivable analysts listed customer service on their resume, but soft skills such as listening skills and negotiating skills are important as well.
Choose From 10+ Customizable Accounts Receivable Analyst Resume templates
Zippia allows you to choose from different easy-to-use Accounts Receivable Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Accounts Receivable Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Accounts Receivable Analyst diversity
Accounts Receivable Analyst Gender Distribution
Female
71%
Male
29%
After extensive research and analysis, Zippia's data science team found that:
- Among accounts receivable analysts, 70.6% of them are women, while 29.4% are men.
- The most common race/ethnicity among accounts receivable analysts is White, which makes up 59.1% of all accounts receivable analysts.
- The most common foreign language among accounts receivable analysts is Spanish at 55.6%.
Online Courses For Accounts Receivable Analyst That You May Like
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1. Financial Accounting Subsidiary Ledgers & Special Journals
Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...
2. Accounting101: Learn Accounts Receivable From A to Z
Learn The Accounts Receivable Cycle, Basics of Accounts Receivable, Accelerating Collections and Much More in 2022...
3. Financial Accounting-Adjusting Entries & Financial Statement
Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...
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Best States For an Accounts Receivable Analyst
Some places are better than others when it comes to starting a career as an accounts receivable analyst. The best states for people in this position are Connecticut, Virginia, California, and Massachusetts. Accounts receivable analysts make the most in Connecticut with an average salary of $55,817. Whereas in Virginia and California, they would average $54,920 and $51,627, respectively. While accounts receivable analysts would only make an average of $50,855 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. District of Columbia
Total Accounts Receivable Analyst Jobs: 183
Highest 10% Earn:
$86,000
Location Quotient:
1.47
$62,196
Avg. Salary
2. Virginia
Total Accounts Receivable Analyst Jobs: 848
Highest 10% Earn:
$75,000
Location Quotient:
1.21
$54,920
Avg. Salary
3. New York
Total Accounts Receivable Analyst Jobs: 1,230
Highest 10% Earn:
$70,000
Location Quotient:
1.29
$50,832
Avg. Salary
How Do Accounts Receivable Analysts Rate Their Jobs?
Top Accounts Receivable Analyst Employers
Most Common Employers For Accounts Receivable Analyst
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | IBM | $77,886 | $37.45 | 19 |
| 2 | Dell | $70,735 | $34.01 | 12 |
| 3 | Cummins | $63,691 | $30.62 | 16 |
| 4 | UPS | $49,321 | $23.71 | 13 |
| 5 | IBX Foundation | $47,641 | $22.90 | 16 |
| 6 | McKesson | $45,504 | $21.88 | 22 |
| 7 | Western & Southern Financial Group | $44,034 | $21.17 | 29 |
| 8 | IAB | $43,753 | $21.04 | 36 |
| 9 | Simon Property Group | $43,340 | $20.84 | 16 |
| 10 | XPO Logistics | $42,309 | $20.34 | 18 |
Accounts Receivable Analyst Videos
Accounts Receivables - Lecture 1 - What are Accounts Receivable?