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.

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.

As an Accounts Receivable Clerk with 0-3 years of experience in Singapore, your main responsibilities include:

• Process customer invoices, ensuring accuracy and timely delivery. Generate and distribute invoices to customers while maintaining accuracy and adherence to deadlines.
• Monitor accounts receivable balances and follow up on overdue payments. Track and reconcile customer accounts, proactively reach out to customers for payment reminders, and resolve any payment discrepancies.
• Collaborate with internal teams to resolve billing disputes and issues. Work closely with various departments to address customer queries, resolve billing discrepancies, and ensure smooth payment processes.
• Maintain accurate records of customer transactions and update financial databases.

For an Accounts Receivable Clerk job role, the following qualifications are required:

• Strong attention to detail and accuracy in processing financial transactions and maintaining customer records, ensuring all information is up-to-date and error-free.
• Proficiency in using accounting software and systems to reconcile accounts, generate invoices, and manage collections efficiently.
• Excellent communication and interpersonal skills to interact with customers, resolving payment-related issues and inquiries in a professional and timely manner.
• Ability to work effectively in a fast-paced environment, handling multiple tasks simultaneously while meeting strict deadlines.

The role of an Accounts Receivable Clerk in Singapore with 0-3 years of experience is vital for maintaining smooth financial operations. Professionals in this field can explore alternative roles that offer growth opportunities. Here are following options to consider:

• Junior Accountant: A position that allows for expanded responsibilities in financial record-keeping, reconciliations, and assisting with audits.
• Billing Specialist: A role focused on managing, processing, and reconciling invoices and accounts receivable, ensuring accuracy and timeliness.
• Credit Analyst: A position involving analyzing customer creditworthiness, establishing credit limits, and managing collections to minimize bad debt.
• Financial Coordinator: A role that involves assisting in financial planning and analysis, budgeting, and providing support to the finance team.

The accounts receivable clerk position in Singapore is expected to experience steady growth in the market. According to a 10-year analysis, employment opportunities for this role are projected to increase. This is in line with the growing demand for financial professionals in various industries. The role involves managing accounts receivable, processing invoices, and ensuring timely payments. With Singapore's robust economy and thriving business sector, the need for skilled accounts receivable clerks is expected to continue rising. Job seekers can look forward to a promising future in this field, given the positive outlook for employment opportunities.