Careers in Accounts Payable & Accounts Receivable
Graduates from technical college accounting programs often pursue careers in accounts payable or accounts receivable. Graduates of four-year colleges qualify to fill management positions in accounts payable or accounts receivable. Some companies offer employees the option of continuing their education through a tuition reimbursement program. This benefit allows employees with associate's degrees to develop their skills through additional education and qualify for department promotions.
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Accounts Receivable Clerk
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Accounts receivable clerks work with customer invoices, mailing the invoices, filing the invoices or matching the invoices to shipping documents. The accounts receivable clerk monitors customer accounts and reviews customer accounts with unpaid balances. The accounts receivable clerk enters account updates to the computer system, noting changes in payment terms or credit limits. The accounts receivable clerk reports to the accounts receivable manager and notifies him when accounts are overdue and need review.
Accounts Receivable Manager
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An accounts receivable manager oversees the activities of the accounts receivable clerks, collection specialists and deduction analysts. Deduction analysts review invoice deductions taken by customers to determine if they are viable and adjusts the customer account if needed. Collection specialists contact customers, reminding them to pay their invoice and put credit holds on a past due accounts. The accounts receivable manager reports on the activities of his department to his manager, the controller.
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Accounts Payable Clerk
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Accounts payable clerks seek approval on invoices received by the company, enter the invoice amounts into the accounts payable system, prints the checks and mails them to the vendor. An accounts payable clerk files copies of all checks with supporting documentation by vendor name. The accounts payable clerk sorts unpaid bills by the due date to ensure that all bills are paid on time.
Accounts Payable Professional
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An accounts payable professional manages the payment process for the company. The accounts payable professional reviews payment reports, negotiates with vendors regarding unfair charges and manages the team of accounts payable clerks. The accounts payable professional communicates with employees outside of the accounts payable department regarding changes in check request policies.
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