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What Do Accounts Receivable Processors Do?
Accounts receivable processors receive and keep track of payments on different accounts and other deposits or funds transferred by the company. The accounts receivable processor makes daily deposits of funds collected by the company into specified bank accounts. This position also requires reporting the amount of funds deposited or transferred to the accounting department. Accounts receivable clerks may also contact clients who owe the company money in order to collect funds or make reminders of
Job Satisfaction for Accounts Receivable Processor
Explore the most common career paths for Accounts Receivable Processor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Skills in Accounts Receivable, Microsoft Excel and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Data Entry.
What is the Pay by Experience Level for Accounts Receivable Processors?
An entry-level Accounts Receivable Processor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $14.34 based on 12 salaries. An early career Accounts Receivable Processor with 1-4 years of experience earns an average total compensation of $15.17 based on 119 salaries. A mid-career Accounts Receivable Processor with 5-9 years of experience earns an average total compensation of $16.93 based on 59 salaries. An experienced Accounts Receivable Processor with 10-19 years of experience earns an average total compensation of $16.84 based on 70 salaries. In their late career (20 years and higher), employees earn an average total compensation of $17.
Employees with Accounts Receivable Processor in their job title in New York, New York earn an average of 12.4% more than the national average. These job titles also find higher than average salaries in Houston, Texas (9.0% more). The lowest salaries can be found in Cleveland, Ohio (20.2% less), Chicago, Illinois (15.2% less) and Cincinnati, Ohio (9.9% less).