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
