A company must stay on top of its accounts receivable to establish optimal cash flow. An accounts receivable assistant helps achieve this goal by performing various duties, such as summarizing receivables, consolidating invoices, and verifying receipts, among others.
Furthermore, the duties of an accounts receivable assistant expand to microfilming debits, reconciling bank deposit information, and processing accounts receivable checks. They often work under the supervision of a higher-ranking employee but mostly perform their tasks independently.
If you want to become an accounts receivable assistant, a degree in business or accounting is required. You may also qualify for this position with a high school diploma or an associate's degree as long as you have sufficient relevant work experience. Either way, you must be knowledgeable in accounts receivable processes and able to use accounting programs such as Excel and QuickBooks.
For this position, the average annual salary is around $32,000. Some accounts receivable assistants may earn higher at around $40,000 a year, depending on their employer and credentials.
There is more than meets the eye when it comes to being an accounts receivable assistant. For example, did you know that they make an average of $15.68 an hour? That's $32,610 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -65,800 job opportunities across the U.S.
There are certain skills that many accounts receivable assistants 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 computer skills, detail oriented and integrity.
When it comes to the most important skills required to be an accounts receivable assistant, we found that a lot of resumes listed 24.3% of accounts receivable assistants included customer service, while 10.1% of resumes included data entry, and 6.6% of resumes included general ledger accounts. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the accounts receivable assistant job title. But what industry to start with? Most accounts receivable assistants actually find jobs in the retail and manufacturing industries.
If you're interested in becoming an accounts receivable assistant, one of the first things to consider is how much education you need. We've determined that 36.0% of accounts receivable assistants have a bachelor's degree. In terms of higher education levels, we found that 2.7% of accounts receivable assistants have master's degrees. Even though some accounts receivable assistants 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 accounts receivable assistant. When we researched the most common majors for an accounts receivable assistant, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on accounts receivable assistant resumes include high school diploma degrees or diploma degrees.
You may find that experience in other jobs will help you become an accounts receivable assistant. In fact, many accounts receivable assistant jobs require experience in a role such as administrative assistant. Meanwhile, many accounts receivable assistants also have previous career experience in roles such as customer service representative or office assistant.