Accounts Receivable Clerk Salary
Job Description for 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.Read More...
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.
Accounts Receivable Clerk Tasks
- Enter data into accounts receivable general ledger accounts.
- Under direction investigate outstanding invoices, make collection calls, negotiate payment terms, and processes liens for collections when necessary.
- Balance daily and month end accounts receivable to general ledger balances.
Common Career Paths for Accounts Receivable Clerk
It's not very common for Accounts Receivable Clerks to move on to become Accounting Managers. Average pay for an Accounting Manager is $61K annually. Going from Accounts Receivable Clerk to Accounts Receivable Specialist is the transition that occurs most often in this field, where the paychecks are $35K. Many others choose to work as Accounts Payable Clerks, where pay is typically $31K.
Accounts Receivable Clerk Job Listings
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Popular Employer Salaries for Accounts Receivable Clerk
Martin Brothers offers the highest compensation with a median salary of $35K.
Popular Skills for Accounts Receivable Clerk
Accounts Receivable Clerks seem to exploit a large range of skills on the job. Most notably, skills in Reconciliation, Microsoft Office, Billing, and Accounts Payable are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Cash Handling, Payroll Administration, and Medicaid & Medicare Billing. Those familiar with Accounts Receivable also tend to know Customer Service and Collections.
Pay by Experience Level for Accounts Receivable Clerk
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Accounts Receivable Clerks, experience does not seem to be a major factor in determining pay. Relatively untried employees who have less than five years' experience make $31K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $33K. Accounts Receivable Clerks bring in $34K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $36K, which is barely higher than the median for folks with 10 to 20 years of experience.
Pay Difference by Location
Home to some of the best pay for Accounts Receivable Clerks, New York offers exceptional salaries, 13 percent above the national average. Accounts Receivable Clerks will also find cushy salaries in Seattle (+12 percent), Dallas (+7 percent), Los Angeles (+7 percent), and Atlanta (+6 percent). Oklahoma City ranks last in the field for pay, reporting salaries 12 percent below the national average. Employers also pay below the national average in Anaheim and Houston (3 percent lower).