An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. Among the duties include calculating total revenues and unpaid invoices, maintaining financial records and keeping a detailed and organized database, and verifying financial transactions and payment delinquencies. Furthermore, an Accounts Receivable Clerk must resolve and examine deductions, prepare invoices and necessary documentation, and review customer payment plans and history records and coordinate with the collections department should there be any issues.

Accounts Receivable Clerk Responsibilities

Here are examples of responsibilities from real accounts receivable clerk resumes representing typical tasks they are likely to perform in their roles.

  • Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
  • Initiate demographic updates of patient information to Medicaid and insurance companies to alleviate billing problems.
  • Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
  • Develop significant billing, journal entry, A/P, A/R, bank reconciliation, payroll, collection, and purchasing experience.
  • Utilize QuickBooks accounting software for billing/invoices, generate statements.
  • Perform necessary adjustments using knowledge of Medicare and all third party insurance.
  • Maintain current knowledge of Medicare guidelines to ensure accurate billing and timely reimbursement.
  • Maintain ACH customer's e-banking information, correcting invalid e-mail addresses and contact information.
  • Develop extensive knowledge of CPT/ICD-9 coding and become familiar with insurance companies and physician billing procedures
  • Check Medicaid eligibility in the Medicaid website to ensure patient information is correct before processing claim.
Accounts Receivable Clerk Traits
Computer skills involves understanding how to operate a computer, as well as computer programs and applications.
Detail oriented involves being extremely mindful and observant of all details.
Integrity involves honesty and a high regard of morals.

Accounts Receivable Clerk Job Description

Perhaps the hardest question to answer when deciding on a career as an accounts receivable clerk is "should I become an accounts receivable clerk?" You might find this info to be helpful. When compared to other jobs, accounts receivable clerk careers are projected to have a growth rate described as "decline" at -4% from 2018 through 2028. This is in accordance with the Bureau of Labor Statistics. What's more, is that the projected number of opportunities that are predicted to become available for a accounts receivable clerk by 2028 is -65,800.

On average, the accounts receivable clerk annual salary is $35,079 per year, which translates to $16.86 an hour. Generally speaking, accounts receivable clerks earn anywhere from $28,000 to $42,000 a year, which means that the top-earning accounts receivable clerks make $14,000 more than the ones at the lower end of the spectrum.

As is the case with most jobs, it takes work to become an accounts receivable clerk. Sometimes people change their minds about their career after working in the profession. That's why we looked into some other professions that might help you find your next opportunity. These professions include a charge bookkeeper, bookkeeper, clerk, and accounting associate.

Accounts Receivable Clerk Jobs You Might Like

Accounts Receivable Clerk Resume Examples

Accounts Receivable Clerk Skills and Personality Traits

We calculated that 12% of Accounts Receivable Clerks are proficient in Customer Service, Financial Statements, and Credit Card. They’re also known for soft skills such as Computer skills, Detail oriented, and Integrity.

We break down the percentage of Accounts Receivable Clerks that have these skills listed on their resume here:

  • Customer Service, 12%

    Supervised order processing, customer service, inspection, quality and administrative operations and resolved customer issues on a daily basis.

  • Financial Statements, 11%

    Conducted various accounting transaction listings, cost reports, financial statements to ascertain accuracy and completeness of data.

  • Credit Card, 10%

    Processed credit card payments, prepared spreadsheets, integrated invoices and customer/member information into accounting software.

  • General Ledger Accounts, 10%

    Produced monthly accounts receivable journal voucher summaries to assist with reconciling general ledger accounts to accounts receivable ledger.

  • Data Entry, 9%

    Distributed incoming wire transfers, collateral assignments, and disbursed claims accurately while also recording information into multiple data entry systems.

  • Collection Calls, 7%

    Reconciled monthly statements for corporate accounts by making business-to-business collection calls; effectively reviewed orders that hit a credit block.

Some of the skills we found on accounts receivable clerk resumes included "customer service," "financial statements," and "credit card." We have detailed the most important accounts receivable clerk responsibilities below.

  • Arguably the most important personality trait for an accounts receivable clerk to have happens to be computer skills. An example from a resume said this about the skill, "bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software." Additionally, other resumes have pointed out that accounts receivable clerks can use computer skills to "managed detail aging, computerized and manual cash batch, commission, data entry, order processing functions and sales journal. "
  • While it may not be the most important skill, we found that many accounts receivable clerk duties rely on detail oriented. This example from a accounts receivable clerk explains why: "bookkeeping, accounting, and auditing clerks are responsible for producing accurate financial records." This resume example is just one of many ways accounts receivable clerks are able to utilize detail oriented: "prepared batch and data entry for charges, registration, and payment information with attention to detail and 100% accuracy. "
  • Integrity is also an important skill for accounts receivable clerks to have. This example of how accounts receivable clerks use this skill comes from a accounts receivable clerk resume, "bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential" Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "balanced safe daily bank deposits data entry supervised and ran 2 resident trust accounts. "
  • A thorough review of lots of resumes revealed to us that "math skills" is important to completing accounts receivable clerk responsibilities. This resume example shows just one way accounts receivable clerks use this skill: "bookkeeping, accounting, and auditing clerks deal with numbers daily and should be comfortable with basic arithmetic." Here's an example of how this skill is used from a resume that represents typical accounts receivable clerk tasks: "compiled, prepared and maintained payroll reports and statistics. "
  • See the full list of accounts receivable clerk skills.

    Before becoming an accounts receivable clerk, 36.1% earned their bachelor's degree. When it comes down to graduating with a master's degree, 2.8% accounts receivable clerks went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, some accounts receivable clerks have a college degree. But about one out of every four accounts receivable clerks didn't attend college at all.

    The accounts receivable clerks who went onto college to earn a more in-depth education generally studied accounting and business, while a small population of accounts receivable clerks studied health care administration and general studies.

    Once you're ready to become an accounts receivable clerk, you should explore the companies that typically hire accounts receivable clerks. According to accounts receivable clerk resumes that we searched through, accounts receivable clerks are hired the most by Robert Half International, UnitedHealth Group, and Aerotek. Currently, Robert Half International has 196 accounts receivable clerk job openings, while there are 12 at UnitedHealth Group and 8 at Aerotek.

    If you're interested in companies where accounts receivable clerks make the most money, you'll want to apply for positions at Vail Resorts, Weirton Medical Center, and TSR. We found that at Vail Resorts, the average accounts receivable clerk salary is $47,724. Whereas at Weirton Medical Center, accounts receivable clerks earn roughly $47,598. And at TSR, they make an average salary of $47,201.

    View more details on accounts receivable clerk salaries across the United States.

    In general, accounts receivable clerks fulfill roles in the retail and manufacturing industries. While employment numbers are high in those industries, the accounts receivable clerk annual salary is the highest in the health care industry with $40,420 as the average salary. Meanwhile, the manufacturing and professional industries pay $39,840 and $39,017 respectively. This means that accounts receivable clerks who are employed in the health care industry make 7.6% more than accounts receivable clerks who work in the hospitality Industry.

    The three companies that hire the most prestigious accounts receivable clerks are:

      What Charge Bookkeepers Do

      A full charge bookkeeper's primary job is to manage and handle all the accounts of a small or medium-sized business. They are responsible for overseeing the accounting duties for a company, including billing customers, preparing bank statements and tax returns, and processing timesheets. Also, a full charge bookkeeper collates and enters vendor expenses, maintains the ledger's accuracy, and process accounts receivables. There are specific requirements you should meet to become a successful full charge bookkeeper, such as having a bachelor's degree in accounting, previous work experience as a charge bookkeeper, and bookkeeping certification.

      In this section, we compare the average accounts receivable clerk annual salary with that of a charge bookkeeper. Typically, charge bookkeepers earn a $12,064 higher salary than accounts receivable clerks earn annually.

      Even though accounts receivable clerks and charge bookkeepers have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, financial statements, and credit card in the day-to-day roles.

      There are some key differences in responsibilities as well. For example, an accounts receivable clerk responsibilities require skills like "data entry," "high volume," "past due accounts," and "customer accounts." Meanwhile a typical charge bookkeeper has skills in areas such as "income," "full life cycle," "cpa," and "tax returns." This difference in skills reveals how truly different these two careers really are.

      Charge bookkeepers tend to make the most money in the manufacturing industry by averaging a salary of $46,078. In contrast, accounts receivable clerks make the biggest average salary of $40,420 in the health care industry.

      On average, charge bookkeepers reach similar levels of education than accounts receivable clerks. Charge bookkeepers are 2.0% more likely to earn a Master's Degree and 0.1% less likely to graduate with a Doctoral Degree.

      What Are The Duties Of a Bookkeeper?

      Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.

      Next up, we have the bookkeeper profession to look over. This career brings along a higher average salary when compared to an accounts receivable clerk annual salary. In fact, bookkeepers salary difference is $5,169 higher than the salary of accounts receivable clerks per year.

      Not everything about these jobs is different. Take their skills, for example. Accounts receivable clerks and bookkeepers both include similar skills like "customer service," "financial statements," and "credit card" on their resumes.

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that accounts receivable clerk responsibilities requires skills like "high volume," "past due accounts," "credit memos," and "account balances." But a bookkeeper might use skills, such as, "tax returns," "hr," "income," and "cpa."

      Bookkeepers may earn a higher salary than accounts receivable clerks, but bookkeepers earn the most pay in the professional industry with an average salary of $40,051. On the other side of things, accounts receivable clerks receive higher paychecks in the health care industry where they earn an average of $40,420.

      On the topic of education, bookkeepers earn similar levels of education than accounts receivable clerks. In general, they're 2.1% more likely to graduate with a Master's Degree and 0.1% more likely to earn a Doctoral Degree.

      How a Clerk Compares

      Clerks are responsible for many of the general administrative tasks in the office. They are in charge of manning office telephone lines, managing incoming and outgoing mails, filing paperwork and other needed records, scheduling and documenting meetings, typing out documents when needed, disseminating memos and other official announcements, and keeping an inventory of office equipment and supplies. Clerks should have good office skills, communication skills, business writing skills, and time management skills. They should also be able to treat any document or paperwork they handle with confidentiality.

      The clerk profession generally makes a lower amount of money when compared to the average salary of accounts receivable clerks. The difference in salaries is clerks making $5,218 lower than accounts receivable clerks.

      While looking through the resumes of several accounts receivable clerks and clerks we discovered that both professions have similar skills. These similarities include skills such as "customer service," "credit card," and "data entry," but they differ when it comes to other required skills.

      There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, an accounts receivable clerk is likely to be skilled in "financial statements," "general ledger accounts," "collection calls," and "vendor invoices," while a typical clerk is skilled in "communication," "pos," "company policies," and "sales floor."

      Clerks make a very good living in the retail industry with an average annual salary of $32,949. Whereas accounts receivable clerks are paid the highest salary in the health care industry with the average being $40,420.

      Clerks typically study at similar levels compared with accounts receivable clerks. For example, they're 0.6% less likely to graduate with a Master's Degree, and 1.9% less likely to earn a Doctoral Degree.

      Description Of an Accounting Associate

      An accounting associate is responsible for supporting the operations of the accounting department, ensuring the stability of the financial services and status of an organization. Accounting associates process invoices, update client accounts on the database, manage financial reports, assist with tax auditing and processing, monitoring the financial statements and activities of the organization, escalate financial disputes, and verify accounts receivable. An accounting associate must have excellent knowledge of the accounting industry, as well as exceptional analytical and time-management skills to perform clerical duties as needed under minimal supervision.

      The fourth career we look at typically earns higher pay than accounts receivable clerks. On average, accounting associates earn a difference of $12,477 higher per year.

      While both accounts receivable clerks and accounting associates complete day-to-day tasks using similar skills like customer service, financial statements, and credit card, the two careers also vary in other skills.

      While some skills are shared by these professions, there are some differences to note. "payroll," "past due accounts," "delinquent accounts," and "account balances" are skills that have shown up on accounts receivable clerks resumes. Additionally, accounting associate uses skills like special projects, income, powerpoint, and cpa on their resumes.

      Accounting associates earn a higher salary in the finance industry with an average of $56,429. Whereas, accounts receivable clerks earn the highest salary in the health care industry.

      In general, accounting associates reach higher levels of education when compared to accounts receivable clerks resumes. Accounting associates are 11.5% more likely to earn their Master's Degree and 0.1% more likely to graduate with a Doctoral Degree.