Accounts Receivable Analyst Salary
Accounts Receivable Analysts in the United States take home an average $45K annually. Residence is the biggest factor affecting pay for this group, followed by tenure. Female Accounts Receivable Analysts make up most of the survey respondents at 79 percent. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Accounts Receivable Analysts report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
|Salary||$33,924 - $59,115|
|Bonus||$596 - $5,093|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$31,048 - $57,269|
|Hourly Rate||$13.68 - $23.93|
|Overtime||$19.21 - $35.83|
|Bonus||$596 - $5,093|
|Total Pay (||$31,048 - $57,269|
Job Description for Accounts Receivable Analyst
Accounts receivable analysts are responsible for monitoring all aspects of the collection of outstanding debts owed to the company. They maintain records on account activity, as well as review current accounts for unpaid amounts and determine what course of action to take based on a variety of factors such as age, amount of debt, and the customer’s history. They may interact with customers directly resolving outstanding debt or billing issues, including in evaluating the likelihood of (or a timeline for) repayment. Accounts receivable analysts also communicate frequently with management to update them on cash flow issues; cash flow is a key aspect of business management, and accounts receivable analysts are responsible for the ground level of the process to maintain incoming money.Read More...
Accounts receivable analysts work in an office environment during regular business hours. A typical day includes working on a series of account issues at all stages of the collections process. They contact customers to evaluate what action needs to be taken on their account; meet with managers and other departments to give updates on current financial status; and collect, analyze, and update customer data.
Accounts receivable analysts are generally required to have a bachelor’s degree in finance, accounting, or a related field. They must have excellent communication skills and the ability to remain pleasant during difficult conversations regarding outstanding bills or debts. Previous customer service or debt collection experience is usually required.
Accounts Receivable Analyst Tasks
- Locate and notify customers of delinquent accounts by mail or telephone.
- Preparing statements to credit department if customer fails to respond.
- Monitor overdue accounts, receive payments and post amounts paid to customer accounts.
Common Career Paths for Accounts Receivable Analyst
Accounts Receivable Analysts who move on to become Financial Analysts may enjoy significant pay raises, as Financial Analysts get paid an average of $55K per year. It is not uncommon for an Accounts Receivable Analyst to continue on to become an Accounts Receivable Manager or a Staff Accountant.
Popular Skills for Accounts Receivable Analyst
Accounts Receivable Analysts report using a wide range of professional skills. Most notably, skills in Reconciliation, Microsoft Excel, bill collections, and Data Analysis are correlated to pay that is above average. The majority of those who know Accounts Receivable also know Data Analysis and Microsoft Office.
Pay by Experience Level for Accounts Receivable Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Accounts Receivable Analysts with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average beginner in this position makes around $40K, but folks who have been around for five to 10 years see a markedly higher median salary of $43K. Accounts Receivable Analysts bring in $44K after working for 10 to 20 years. Veterans who have acquired more than 20 years report a median income of $45K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
Surpassing the national average by 39 percent, Accounts Receivable Analysts in San Francisco receive some of the highest pay in the country. Accounts Receivable Analysts will also find cushy salaries in Charlotte (+13 percent) and Chicago (+4 percent). Compared to the national average, Phoenix Accounts Receivable Analysts have considerably lower salaries, 21 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers also pay below the national average in San Antonio (15 percent lower) and Dallas (9 percent lower).
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Key Stats for Accounts Receivable Analyst
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