Accounts Receivable, is responsible for collecting payments for a company using skills in project management, organization and communications to collect the payments from clients and customers, also manages and implements all customer payment activities, including receiving customer payments and electronic remittance advice, performing cash handling activities, processing customer payments, and applying payments to customer accounts.
Accounts receivable are tasked with overseeing billing operations and processes in order to ensure collection of account balances.
Accounts Receivable manages incoming payments, properly tracking them into the system to maintain accurate bookkeeping records. An Accounts Receivable has the following responsibilities:
- Maintain bookkeeping databases and spreadsheets, updating information as needed
- Communicate with previous clients and customers to request payment and arrange payment plans
- Collect payment from customers and accurately record it into the system
- Create reports and balance sheets that document overall profits and losses
- Update client accounts based on payment or contact information
