Accounting Clerks assist with month-end tasks, accounts payable and receivable, invoice processing, and general support to the accounting department by entering journal entries. In both small and large accounting organizations, accounting clerks are required.
Some common job titles for an Accounting Clerk are:
<ul>
 <li>Accounting Specialist: They maintain correct records, ensuring that payments are made on time for bills and that customers do not overpay for products or services.</li>
 <li>Accounting Assistant: They oversee the management of expenditure reports and reimbursements, add transactions to a company&apos;s internal systems, and reconcile invoices.</li>
</ul>

The job role of Accounts Receivable Clerk is expected to grow at a steady rate in the Indian market. According to a 10-year analysis by LinkedIn, the demand for accounts receivable professionals has increased by 106% in the past decade. The role is projected to see a growth rate of 5% in the upcoming years as per the data provided by Payscale. In terms of employment opportunities, India's finance and accounting industry has been steadily growing, creating job openings for professionals in the field. This trend is expected to continue, resulting in the availability of a considerable number of employment opportunities for Accounts Receivable Clerks in the future.

How to Learn

Within the context of the Accounts Receivable Clerk, employees are expected to fulfill the following roles and responsibilities in order to make meaningful contributions towards organizational success:<ul><li>Ensuring timely payment to vendors and processing invoices on the accounting system.</li><li>Raising invoices and ensuring timely collection of payments from customers.</li><li>Reconciling bank statements with accounting records to identify discrepancies and resolving them.</li><li>Entering financial data into the accounting system, maintaining the general ledger, and preparing financial reports.</li></ul>

Roles & Responsibilities

Average take home Salary for a Accounts Receivable Clerk in India is around £3314 per year

Salary Breakup

In addition to monitoring credit and debits to accounts, the accounts receivable clerks are also accountable for ensuring that payments are posted to customers, transferring checks to accounts, confirming deposits or payments, observing accounts that are not paid, and calling customers who are in arrears with payments. They also keep records of any credits or debits within the company, and send out payments, monitor payments, and keep track of the status of payments. Clerks of accounts receivable must be able to resolve quickly problems that may arise either with the customers or within the company. They also collaborate with other clerks and supervisors in their work.

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Accounts Receivable Clerk

Salary Breakup

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