Accounts Receivable Coordinator Salary
The average Accounts Receivable Coordinator in the United States can expect to rake in roughly $16.87 per hour. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The vast majority of Accounts Receivable Coordinators (89 percent) who responded to the survey are women. Job satisfaction is high and work is enjoyable for most Accounts Receivable Coordinators. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
|Salary||$32,053 - $54,061|
|Bonus||$478.30 - $4,166|
|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).)
|$29,833 - $49,740|
|Hourly Rate||$13.31 - $20.97|
|Overtime||$19.55 - $32.67|
|Bonus||$478.30 - $4,166|
|Total Pay (||$29,833 - $49,740|
Job Description for Accounts Receivable Coordinator
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.Read More...
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 (such as the Microsoft Office suite). 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.
Accounts Receivable Coordinator Tasks
- Locate and notify customers of delinquent accounts by mail or telephone.
- Prepare 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 Coordinator
As Accounts Receivable Coordinators make advancements in their career path to positions such as Staff Accountant, their salaries may climb. Staff Accountants make $44K annually on average. Career advancement for the typical Accounts Receivable Coordinator often leads to becoming an Accounts Receivable Manager or an Accounts Receivable Supervisor; median salaries in these positions are $6K higher and $6K higher, respectively.
Popular Skills for Accounts Receivable Coordinator
Accounts Receivable Coordinators report using a wide range of professional skills. Most notably, skills in Credit Control, Microsoft Office, Accounts Payable, and Collections are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Word. Most people familiar with Accounts Receivable also know Billing and Collections.
Pay by Experience Level for Accounts Receivable Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Folks with fewer than five years of experience take home $36K on average, and those who have worked for five to 10 years see a bigger median salary of $38K. Accounts Receivable Coordinators with one to two decades of relevant experience report an average salary of approximately $41K. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.
Pay Difference by Location
For Accounts Receivable Coordinators, busy New York offers a higher-than-average pay rate, 20 percent above the national average. Accounts Receivable Coordinators will also find cushy salaries in Dallas (+16 percent), St. Louis (+12 percent), Indianapolis (+8 percent), and Charlotte (+7 percent). Denver is the lowest-paying area, 10 percent south of the national average. Employers pay around 8 percent less in Cleveland and 7 percent less in Pittsburgh, below-median salaries for those in this field.
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