Billing analysts work in accounting offices, ensuring that invoices and other financial documents are processed appropriately. The billing analyst holds an entry-level accounting position in most employers’ accounting offices. Billing analysts write invoices, get approval for billing, calculate fees that are due, and generally track the accuracy of all billing and invoicing records. This requires extracting financial information from incoming and outgoing billing documents for entry in record-keeping software.
Billing analysts also have a reporting and communication component to their jobs. They must project income figures and compose reports containing this information for higher-ups. At the end of an accounting cycle, they prepare statements for customers. They also audit customer accounts and communicate any resulting information as necessary. Billing analysts generally work in an office setting during regular business hours.
A bachelor’s degrees in accounting, finance, or a related field is generally required for this position. Employers may require experience in a similar role, as well as relevant certifications. Billing analysts must have a strong knowledge of accounting and financial analysis, and they must be able to adhere to organizational guidelines while working independently. Organizational skills are also important, as billing analysts typically work with many different client accounts. Communication skills are also vital for these analysts to explain relevant billing concepts to clients and non-accounting colleagues effectively.
Billing Analyst Tasks
Keep updated records of financial transactions and customer account status.
Review billing reports to ensure accuracy and resolve any errors.
Calculate the amount customers owe the company and prepare billing statements.
Generate financial and billing reports according to company guidelines.