Accounts Receivable Clerk

Along with monitoring credits and debits for accounts, accounts receivable clerks are also responsible for following posts of payments for customers, sending payments to accounts, verifying payments or deposits, monitoring unpaid invoices, and contacting customers who are late on payments. They also maintain records of any debits or credits within the company, send out payments, follow-up on payments, and monitor payments. Accounts receivable clerks must be able to quickly resolve issues that might come up with customers or within the company. They also work with supervisors and other clerks to do their job.

Relevant education such as accounting courses or a bookkeeping certification is helpful but not always necessary. Accounts receivable clerks need to be able to analyze information and resolve issues, as well as have a strong attention to detail, communication skills, data entry skills, and math skills. They also must have knowledge of financial software. Most employers only consider applicants with at least one to three years of experience in accounts receivable or general accounting, or equivalent education.

As an Accounts Receivable Clerk with 0-3 years of experience in the AE, your main responsibilities include:

• Process incoming payments from customers, ensuring accuracy and timeliness.Accurately record and apply customer payments to their respective accounts.
• Generate and send invoices to customers, following established billing procedures.Prepare and send invoices to customers for products or services rendered.
• Monitor customer accounts for outstanding balances and follow up for payment.Review customer accounts to identify overdue payments and contact customers to request payment.
• Maintain accurate records of customer transactions and update the accounts receivable database.

The role of an Accounts Receivable Clerk is vital in maintaining accurate financial records and ensuring timely collection of payments. For individuals with 0-3 years of experience in accounts receivable, here are four alternative roles to consider:

• Junior Financial Analyst: A position that involves analyzing financial data, preparing reports, and assisting in budgeting and forecasting processes.
• Billing Coordinator: A role focused on preparing and issuing invoices, tracking payments, and resolving billing discrepancies.
• Credit and Collections Specialist: A position that involves evaluating creditworthiness, setting credit limits, and managing the collection process to minimize bad debt.
• Accounting Assistant: A role that supports the accounting department by performing various tasks such as reconciling accounts, processing transactions, and assisting with month-end close processes.

The job role of an Accounts Receivable Clerk has shown steady market growth in the United Arab Emirates. Over the past 10 years, the demand for this position has increased, attributed to the rapid expansion of businesses and industries in the region. According to Google's latest data points, the projected growth of this role is expected to continue in the coming years. This growth can be attributed to the flourishing economy and increasing complexities in financial operations. Consequently, there will be numerous employment opportunities available in the future for individuals seeking a career as an Accounts Receivable Clerk in the United Arab Emirates.