WHAT IS AN ACCOUNTS RECEIVABLE OFFICER?

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What do I need to study to become an Accounts Receivable Officer?

Monarch Institute<p>Work towards your goals and go further in your accounting career with this online Advanced Diploma of Accounting (FNS60215).</p>
Open Colleges

Study this Certificate IV in Accounting course online and you will gain a thorough understanding of financial practices and procedures.

Monarch Institute<p>Gain in-demand accounting skills that boost your job opportunities and offer exciting career prospects with this online Certificate IV in Accounting (FNS40615).</p>
Monarch Institute<p>Take the next step in your accounting career with this online Diploma of Accounting (FNS50215), and achieve your goals.</p>
Mentor Education

Study this Diploma of Accounting (FNS50215) course and learn key accounting processes and methodologies.

You will cover tax, BAS, GST, the use of complex spreadsheets and preparation of financial reports in this online diploma program.

FNS50215

Diploma of Accounting

Study this Diploma of Accounting (FNS50215) course and learn key accounting processes and methodologies. You will cover tax, BAS, GST, the use of complex spreadsheets and preparation of financial reports in this online diploma program.
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FNS50215

Diploma of Accounting

Online | Study Loans,Payment plan,Upfront payment
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Monarch Institute<p>Double your career prospects with the professional skills gained in this online Dual Qualification: Certificate IV in Accounting & Certificate IV in Bookkeeping (FNS40215 & FNS40615).</p>

FNS40215 & FNS40615

Dual Qualification: Certificate IV in Accounting & Certificate IV in Bookkeeping

Double your career prospects with the professional skills gained in this online Dual Qualification: Certificate IV in Accounting & Certificate IV in Bookkeeping (FNS40215 & FNS40615).


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It only takes a minute!
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What is an Accounts Receivable Officer?

The Accounts Receivable Officer ensures that their company or organisation obtains accurate and timely payment for goods and services provided to customers. This involves generating and sending invoices, reminders and statements to clients, recording transactions and making bank deposits.

Following the organisation’s accounting procedures and policies, an Accounts Receivable Officer prepares financial documents such as cash flow reports, balance sheets, and profit and loss statements.
They are also responsible for communicating with clients regarding payment methods, following up and reporting late payments, and liaising with banks to verify electronic cash transfers and credit card payments.

In some cases the Accounts Receivable Officer also serves in the accounts payable role, receiving and reviewing invoices, processing and sending payments, and handling internal transactions such as reimbursements and petty cash.

What do Accounts Receivable Officers do?

  • Producing and distributing invoices to clients and following up to ensure timely payment.
  • Documenting transactions and maintaining billing records.
  • Liaising with customers regarding payment methods and schedules.
  • Reconciling accounts.
  • Identifying, resolving and reporting late or incorrect payments.
  • Preparing and executing bank deposits.
  • Receiving, verifying and processing incoming payments.

Career snapshot for Accounts Receivable Officer

  • The average age of working Accounts Receivable Officers is 43.
  • 17.00% of Accounts Receivable Officers are male.
  • 62.90% of Accounts Receivable Officers work full-time and on average they work around 36.6 hours per week.
  • With A Certificate II or III, Accounts Receivable Officers get paid $1,071 per week Before Tax.
  • Unemployment levels are average.
  • In 2015 records showed 137,400 employed Accounts Receivable Officers.
  • The projected growth of the profession is estimated to be stable with employment numbers around 133,900 by 2020.
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