The accounts receivable coordinator is typically responsible for all aspects of the account department. This includes processing customer invoicing and other administrative duties. Normally, an accounts receivable coordinator is responsible for correctly processing and recording customer payments and checks on a regular basis. They also must be a good communicator to work with the customers and get payment for overdue invoices. Additionally, they must know how to use relevant software programs for processing invoices and recording data; they also should know how to resolve discrepancies related to invoices. Also, these coordinators need to be able to answer phone calls in a friendly and professional manner. They also need to be able to perform any back-up duties as needed with the accounting team and be able to support that team with project-based assignments.The typical accounts receivable coordinator needs to have strong customer service skills and must be able to form good relationships with their customers. He or she needs to be able to work independently and be skilled in basic computer software. In terms of educational requirements, employers typically ask for a minimum of a high school degree with accounting experience. A bachelor's degree in accounting may be preferred.

The Accounts Receivable Coordinator role in Canada is projected to experience steady growth in the market. According to a 10-year analysis, this position has consistently been in demand, with a positive growth trend expected to continue. Google data indicates a significant number of employment opportunities will be available for individuals interested in this role. With an increasing number of businesses outsourcing their accounting functions and a growing economy, the demand for Accounts Receivable Coordinators is expected to remain high, offering numerous job prospects in the future.

How to Learn

As an Accounts Receivable Coordinator with 0-3 years of experience in Canada, your main responsibilities include:<ul><li> Managing customer accounts, processing invoices, and ensuring timely and accurate payments. Generate and send invoices to customers, monitor payment deadlines, and follow up on overdue accounts.</li><li> Reconciling accounts receivable to ensure accuracy and resolve discrepancies. Analyze and compare financial records to identify and rectify any inconsistencies or errors in customer payments.</li><li> Assisting with collections efforts and communicating with customers regarding outstanding balances. Contact customers to collect payments, negotiate payment arrangements, and address any billing inquiries or disputes.</li><li> Collaborating with internal teams to resolve billing issues and improve overall accounts receivable processes.</li></ul>

Roles & Responsibilities

Average take home Salary for a Accounts Receivable Coordinator in Canada is around $34789 per year

Salary Breakup

The coordinator of accounts receivable typically is responsible for all aspects of the accounts receivable department. This includes the processing of invoices from customers as well as other administrative tasks. Typically the accounts receivable coordinator is accountable for properly recording and processing the payments of customers and checking regularly. They must also be a great communicator in order to communicate with customers and obtain payment for late invoices. In addition, they should be able to utilize the appropriate software for processing invoices and storing data and also know how to fix discrepancies relating to invoices. Additionally, coordinators have to be able to handle telephone calls in a courteous as well as professional way. They should also be able to carry out any other duties that require backup in conjunction with the accounting team, and also assist the team with assignments based on projects.

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Accounts Receivable Coordinator

Salary Breakup

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