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Navigating the Accounts Receivable Clerk Landscape in United Kingdom with Step-by-Step Career Guide

Career Guide

Navigating the Accounts Receivable Clerk Landscape in United Kingdom with Step-by-Step Career Guide

17 June 2024

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Excel as Accounts Receivable Clerk: A Holistic Career Guide

Features

ALL LEVEL

Table of Contents

  • 1. Accounts Receivable Clerk Career Guide: Introduction

  • 2. What is Accounts Receivable Clerk?

  • 3. Roles and Responsibilities

  • 4. Prerequisites

  • 5. Essential Skills for Accounts Receivable Clerk

  • 6. Industry Outlook

  • 7. Top Courses To Master Accounts Receivable Clerk

  • 8. Summary

Excel as Accounts Receivable Clerk: A Holistic Career Guide

Accounts Receivable Clerk Career Guide: Introduction

The career guide provides a detailed roadmap of Accounts Receivable Clerk position, part of the Accounting & Finance industry within the United Kingdom that offers potential career growth.

What is Accounts Receivable Clerk?

In addition to monitoring credit and debits to accounts, the accounts receivable clerks are also accountable for ensuring the postings of payment for 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 alongside supervisors as well as other clerks in order to accomplish their tasks.

Relevant training like accounting classes or a bookkeeping certificate can be beneficial, but it is not necessarily required. Clerks of accounts receivable must be able to analyze data and solve problems, and be able to pay attention to details, communication skills, information entry abilities, and mathematical skills. They should also be knowledgeable about financial accounting software. Employers typically prefer candidates with at minimum one to three years of experience in the field of accounts receivables or general accounting or a similar qualifications.

Roles and Responsibilities

Accounts Receivable Clerk Responsibilities in the UK:

  • Managing client accounts: Continuously updating and maintaining customer accounts and credit limits in the accounting system.
  • Invoicing: Creating invoices and distributing them to customers in a timely manner, while ensuring accuracy and adherence to company policies.
  • Collections: Identifying and resolving discrepancies with customers' accounts, and communicating with them to ensure timely payment and account reconciliation.
  • Cash flow management: Maintaining accurate records of all incoming payments, as well as following up on any outstanding payments or past due accounts.
  • Reporting: Providing regular reports to management on accounts receivable status, including aging reports, credit notes, and any other relevant information.
  • Customer service: Providing friendly and professional customer service to internal and external stakeholders regarding accounts receivable inquiries and issues.
  • Process improvement: Continuously identifying opportunities to streamline accounts receivable processes and improve efficiencies in the accounting department.

Prerequisites

Prerequisite for a Accounts Receivable Clerk

Educational Qualifications

Top Professional Certifications

Work Experience and Internship

Tools Knowledge required

Essential Skills for Accounts Receivable Clerk

Essential skills that can help you prosper as Accounts Receivable Clerk:

Salary Insights

Early Career

Mid Career

Late Career

Experienced

View Detailed Salary Insights

Industry Outlook

The role of Accounts Receivable Clerk in the United Kingdom is projected to have a steady growth in the market. Over the past 10 years, there has been a consistent demand for this position. According to recent data from Google, the number of employment opportunities for Accounts Receivable Clerks is expected to increase in the future. With the advancing technology and digital automation in financial processes, there is a growing need for individuals who can manage and reconcile receivable accounts. This trend indicates a positive outlook for individuals pursuing a career as an Accounts Receivable Clerk in the United Kingdom.

Top Courses To Master Accounts Receivable Clerk

If you are prepared to advance your learning journey towards becoming a Accounts Receivable Clerk, you have arrived at the ideal destination! Outlined below are the leading courses that can facilitate a prosperous vocational journey for you

Summary

Accounts Receivable Clerks are responsible for monitoring credits and debits to accounts, ensuring payment posting, confirming deposits or payments, observing unpaid accounts, and collaborating with supervisors and other clerks to accomplish their tasks. Relevant training and experience are preferred, but not necessarily required. Various alternative roles, such as Billing Specialist, Collections Analyst, Treasury Assistant, and Credit Controller, offer similar skill sets and accounting principles with slightly different responsibilities. The outlook for this profession in the UK appears encouraging, with steady demand and projected growth due to digital automation in financial processes.

Features

ALL LEVEL

Table of Contents

  • 1. Accounts Receivable Clerk Career Guide: Introduction

  • 2. What is Accounts Receivable Clerk?

  • 3. Roles and Responsibilities

  • 4. Prerequisites

  • 5. Essential Skills for Accounts Receivable Clerk

  • 6. Industry Outlook

  • 7. Top Courses To Master Accounts Receivable Clerk

  • 8. Summary

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