What does an Accounts Receivable Coordinator do?
Learn all about Accounts Receivable Coordinator duties, skills and much more. Get expert advice on how to become an Accounts Receivable Coordinator.
Published 3 min read
An accounts receivable coordinator is responsible for maintaining records of invoices and payments, as well as coordinating with customers to ensure timely payment. This may involve sending reminders, issuing late fees, or working with customers to set up payment plans. The coordinator may also be responsible for reconciling accounts and preparing reports for management.
Accounts Receivable Coordinator job duties include:
- Maintain up-to-date billing system
- Follow up with clients on outstanding payments
- Generate monthly reports
- Resolve account discrepancies
- Process refunds
- Update account receivable records
- Prepare bank deposits
- Post customer payments by recording cash, checks, and credit card transactions
- Monitor customer account details for non-payments, delayed payments and other irregularities
Accounts Receivable Coordinator Job Requirements
Most employers prefer candidates for accounts receivable coordinator positions to have at least an associate's degree in accounting, finance, or a related field. Some companies may require candidates to have a bachelor's degree. In addition, employers usually require accounts receivable coordinators to have previous experience working in accounting or a related field. Accounts receivable coordinators must be able to use accounting software and spreadsheets, as well as have strong math skills.
Accounts Receivable Coordinator Skills
- Accounts Receivable
- Accounts Payable
- Microsoft Excel
- Customer Service
- Data Entry
- Time Management
- Attention to Detail
How to become an Accounts Receivable Coordinator
The Accounts Receivable Coordinator is responsible for the timely and accurate recording of customer payments and for the management of customer accounts. This position requires strong attention to detail, excellent communication skills, and the ability to work independently. The Accounts Receivable Coordinator must be able to maintain a high level of accuracy in their work and be able to meet deadlines.
To become an Accounts Receivable Coordinator, one must have at least a high school diploma or equivalent. Some college coursework in accounting or business is preferred but not required. Prior experience in accounts receivable or customer service is helpful but not required. The most important qualities for this position are strong attention to detail, excellent communication skills, and the ability to work independently.