Accounts Receivable Job Description

I need some information for Accounts receivable job description and Accounts receivable job specification

Tks Job specification of accounts receivable

1. Bachelor’s Degree required; accounting, business or economics focus required.
2. 3 years of accounts receivable and general accounting experience required.
3. Knowledge of accounts receivable.
4. Knowledge of office administration and procedures.
5. Knowledge of general bookkeeping procedures.
6. Proficient in relevant computer applications.
7. Attention to detail and accuracy.
8. Problem-solving skills.
9. Decision-making skills.
10. Interpersonal skills.
11. Good communication skills.
12. Organizational skills.
13. Stress tolerance.
14. Negotiation skills.
15. Conflict management skills.
16. Information management.

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rgs

Dear friend,

Following are the KPI on Account receivable: -

a) Debtor days: - Debtor days is a measure of the average time payment takes.

Formula: (trade debtors) divided by (sales) times 365

Unit type: Time

b) % of electronic invoices Percentage of electronic invoices.

Interpretation: Electronic invoices are usually more efficient than invoices by mail.

Unit type: Percentage
Direction: Maximize

c) % of bad debts against invoiced revenue Percentage of bad debts against invoiced revenue.

Unit type: Percentage
Direction: Minimize

d) Number of invoices outstanding Number of invoices outstanding in measurement period.

Unit type: Number

e) Accounts Receivable Collection Period This reveals how many days it takes to collect all accounts receivable. Fewer days means the company is collecting more quickly on its accounts.

Formula: (365 Days) divided by (Accounts Receivable Turnover)

f) Accounts Receivable Turnover
This ratio shows the number of times accounts receivable are paid and re-established during the accounting period.

Interpretation: The higher the turnover, the faster the business is collecting its receivables and the more cash the client generally has on hand.

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Regards,

Dinesh V Divekar