Accounts Receivable Clerk

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:

• 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.
• Accounting Assistant: They oversee the management of expenditure reports and reimbursements, add transactions to a company's internal systems, and reconcile invoices.

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:

• Ensuring timely payment to vendors and processing invoices on the accounting system.
• Raising invoices and ensuring timely collection of payments from customers.
• Reconciling bank statements with accounting records to identify discrepancies and resolving them.
• Entering financial data into the accounting system, maintaining the general ledger, and preparing financial reports.

Major educational qualifications required for Accounts Receivable Clerk are:

• Bachelor's Degree in Finance, Accounting, or in a related area.
• Excellent in research, communication, problem-solving, as well as time management.
• Highly organized, solutions-focused and detail-oriented, self-starter and able to work efficiently under stress.
• Critical thinking and multitasking skills and the ability to tackle problems using data on their own.
• Expert proficient Microsoft Office (Excel, Word, PowerPoint) and Google Suite (Sheets Docs, Sheets and Calendars) applications.

In addition to the Accounts Receivable Clerk job role an individual with 3-6 years of work experience in India can also consider the following alternative roles:

• Accounts Payable Clerk: A role focused on managing payments to suppliers while maintaining accurate data and dealing with discrepancies.
• Financial Analyst: A role that requires analyzing and interpreting financial data to create reports and forecasts for decision-making.
• Bookkeeper: A role responsible for maintaining accurate financial records through data entry, reconciliations, and tracking expenses.
• Tax Accountant: A role that requires preparing tax returns and providing tax-related advice to clients or organizations.

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.