Cash accounting clerk vs cash application specialist

Differences between cash accounting clerk and cash application specialist duties and responsibilities

Cash accounting clerk example responsibilities.

• Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
• Complete monthly reconciliations for end of month.
• Review monthly bank statements, prepare bank reconciliations and post data to balance accounts.
• Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
• Work closely with billing, A/R, A/P to insure timely payments.
• Verify RGA no credit memo and unmatch checks from AS400 system.
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Cash application specialist example responsibilities.

• Manage documents for staff collaboration and training in SharePoint.
• Work with private, work comp, auto, Medicare and Medicaid insurance companies as well as other payers.
• Post daily payments including checks, wires, and automate clearing house (ACH) credit transfers to customer accounts.
• Run weekly GL and TB reports.
• Contact commercial and Medicaid payers regarding payment issues.
• Process non-sufficient funds (NSF) /Chargeback documentation.
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