Accounts Receivable
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An accounts receivable (AR) person manages money customers owe to the business. Typical duties include:
- Creating and sending customer invoices.
- Recording payments and applying them to the correct invoices.
- Tracking unpaid balances and payment due dates.
- Following up with customers about overdue invoices.
- Resolving billing questions, short payments, and payment discrepancies.
- Reconciling customer accounts with the accounting records.
- Preparing aging reports that show how long invoices have been unpaid.
- Coordinating with sales and customer service to resolve account issues.
- Keeping accurate records and helping with month-end closing.
The main goal is to collect payments on time while keeping customer accounts accurate and maintaining good customer relationships.