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Duties and Responsibilities of an Accounts Receivable Manager

Accounts receivable managers are responsible for the collection of payments from clients on behalf of the company. Duties and Responsibilities of an Accounts Receivable Manager. They supervise a team of clerks and oversee the timely and accurate invoicing of customers and the handling of overdue payments according to the company’s policies.

Accounts Receivable Manager Duties:

  • Manage accounts receivable to ensure timely payment of all invoices
  • Maintain a high credit score to avoid late payments and help avoid interruptions in cash flow
  • Research and resolve billing errors
  • Track customer accounts, review outstanding invoices and process payables
  • Create invoices, receive payments, and process refunds
  • Follow up on open invoices and pending payments
  • Efficiently manage daily cash flow
  • Record all receipts and expenditures
  • Prepare monthly and annual reports
  • Manage administrative functions, such as filing and data management -Support company objectives by contributing to team effort

Accounts Receivable Manager Responsibilities:

  • Maintain and monitor daily cash balances and collections for assigned accounts, including collections on delinquent accounts
  • Perform collections research as needed
  • Process invoices for payment
  • Research and develop alternative payment solutions, and negotiate terms with vendors, if necessary
  • Monitor cash management and report variances to management
  • Maintain and update accounting records
  • Oversee administrative and logistical support tasks

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