Top 12 Accounts Receivable Manager Skills to Put on Your Resume

In the competitive field of finance, standing out as an Accounts Receivable Manager requires showcasing a blend of technical proficiency and soft skills on your resume. Highlighting the top skills in your application not only demonstrates your capability to manage the company's incoming payments efficiently but also underlines your potential to contribute to the financial health and customer satisfaction of the organization.

Accounts Receivable Manager Skills

1. QuickBooks
2. SAP
3. Oracle
4. Excel
5. Salesforce
6. NetSuite
7. Xero
8. Zoho Books
9. FreshBooks
10. Sage 50
11. Dynamics 365
12. Tableau

1. QuickBooks

QuickBooks is an accounting software designed for managing financial transactions, including tracking invoices and payments, ideal for an Accounts Receivable Manager to efficiently monitor incoming cash flow and customer accounts.

Why It's Important

QuickBooks is important for an Accounts Receivable Manager as it streamlines invoicing, tracks payments, and manages customer balances efficiently, improving cash flow and reducing manual errors.

How to Improve QuickBooks Skills

To enhance QuickBooks for an Accounts Receivable Manager, consider these concise strategies:

1. Automate Invoicing: Use QuickBooks' automation features to schedule and send invoices, reducing manual errors and saving time.
2. Integrate Payment Solutions: Integrate with QuickBooks Payments to allow clients to pay directly through invoices, speeding up the collection process.
3. Use the Receivables Aging Report: Regularly review the Accounts Receivable Aging Report to monitor outstanding invoices and follow up promptly.
4. Customize Invoice Templates: Customize invoices with clear payment terms and branding by using QuickBooks’ template customization options.
5. Implement Payment Reminders: Set up automatic payment reminders for clients to minimize late payments.
6. Optimize for Mobile: Encourage the use of the QuickBooks mobile app for invoicing and payment collection on-the-go, ensuring flexibility and efficiency.
7. Leverage Online Banking: Connect QuickBooks with your bank for real-time updates on received payments, streamlining the reconciliation process.

By implementing these strategies, an Accounts Receivable Manager can significantly improve efficiency and accuracy within QuickBooks.

How to Display QuickBooks Skills on Your Resume

2. SAP

SAP is a comprehensive enterprise resource planning (ERP) software that integrates various business processes, including accounts receivable, to streamline operations, manage finances, and improve reporting accuracy.

Why It's Important

SAP streamlines and automates the accounts receivable processes, enhancing efficiency, accuracy, and real-time financial reporting, crucial for effective cash flow management and customer relationship maintenance for an Accounts Receivable Manager.

How to Improve SAP Skills

Improving SAP for an Accounts Receivable Manager involves optimizing system efficiency, enhancing data accuracy, and streamlining processes. Here are concise steps with relevant resources:

1. Automate Processes: Use SAP's automation features for invoicing, payment reminders, and reconciliation to reduce manual tasks. Explore SAP Intelligent Robotic Process Automation.

2. Implement Best Practices: Adopt SAP's best practices for finance to improve efficiency and compliance. Check SAP Best Practices Explorer.

3. Data Accuracy: Ensure data integrity by regularly cleaning up customer master data and using SAP's data validation tools. Refer to SAP Master Data Governance.

4. Reporting and Analytics: Utilize SAP's advanced analytics to get real-time insights into accounts receivable metrics for better decision-making. Learn more through SAP Analytics Cloud.

5. User Training and Support: Enhance user competency through regular SAP training sessions and access to SAP support resources. Visit SAP Training and Certification.

6. Integration with Other Systems: Ensure seamless integration with other systems (CRM, ERP) for a holistic view of customer data. Explore options at SAP Integration Suite.

By focusing on these areas, an Accounts Receivable Manager can significantly improve the efficiency and effectiveness of SAP within their organization.

How to Display SAP Skills on Your Resume

3. Oracle

Oracle is a multinational computer technology corporation that offers a comprehensive suite of software and cloud solutions for business operations, including an Accounts Receivable module designed to automate and manage invoicing, cash flow, and customer payments efficiently.

Why It's Important

Oracle is important for an Accounts Receivable Manager because it provides comprehensive financial management solutions that streamline invoicing, improve cash flow, enhance reporting accuracy, and enable efficient management of customer credit and collections.

How to Improve Oracle Skills

Improving Oracle for an Accounts Receivable Manager involves focusing on customization, automation, and training:

1. Customize Reports: Tailor Oracle's reporting features to your specific needs. Use Oracle's Report Builder to create custom reports that track key AR metrics.

2. Automate Invoice Processing: Leverage Oracle's AR Automation to streamline invoice creation, distribution, and payment tracking. This reduces manual errors and improves efficiency.

3. Integrate Credit Management: Utilize Oracle's Credit Management tools to assess customer credit risk automatically, helping to make informed credit decisions.

4. Leverage Oracle Cloud: Transition to Oracle Cloud if not already done so, for better scalability, security, and access to the latest features without the need for manual upgrades.

5. Continuous Training: Ensure continuous learning for the team through Oracle's training and certification programs, focusing on new features and best practices for AR management.

By focusing on these areas, an Accounts Receivable Manager can significantly improve efficiency and effectiveness in managing receivables within Oracle.

How to Display Oracle Skills on Your Resume

4. Excel

Excel is a spreadsheet software used for organizing, calculating, and analyzing financial data, essential for tracking invoices, payments, and managing accounts receivable efficiently.

Why It's Important

Excel is important for an Accounts Receivable Manager as it provides powerful tools for organizing, analyzing, and reporting financial data, enabling effective management of customer accounts, tracking of payments, and forecasting of cash flow.

How to Improve Excel Skills

To improve Excel skills for an Accounts Receivable Manager, focus on mastering the following areas:

1. Advanced Formulas: Learn complex formulas like VLOOKUP, INDEX+MATCH, and SUMIFS for efficient data management and analysis. ExcelJet offers clear examples and tutorials.

2. Pivot Tables: Essential for summarizing, analyzing, and presenting large data sets. Microsoft Support provides a comprehensive guide.

3. Data Validation: Use data validation to ensure accuracy in data entry. Learn how at Excel Easy.

4. Macros & VBA: Automate repetitive tasks to save time. Start with the basics at Excel Macro Mastery.

5. Conditional Formatting: Highlight important information to quickly assess receivables status. Ablebits provides useful tips and examples.

6. Power Query: Import, transform, and automate data processing. Microsoft's Power Query documentation is a good starting point.

7. Dashboards and Reporting: Develop interactive dashboards for a visual representation of data. Chandoo offers tutorials on creating dashboards.

8. Excel Shortcuts: Increase efficiency with keyboard shortcuts. ExcelJet provides a comprehensive list.

Prioritize learning based on your specific needs and the complexity of your receivables management tasks. Regular practice and application of these skills will lead to significant improvements in managing accounts receivable in Excel.

How to Display Excel Skills on Your Resume

5. Salesforce

Salesforce is a cloud-based Customer Relationship Management (CRM) platform that helps organizations manage and analyze customer interactions and data throughout the customer lifecycle, including managing invoices, payments, and other account receivable tasks, to improve business relationships and drive growth.

Why It's Important

Salesforce is important for an Accounts Receivable Manager because it provides comprehensive customer data and interaction history, enabling effective management of invoices and payments, improving cash flow through streamlined collections processes, and facilitating personalized communication strategies to enhance customer relationships and reduce days sales outstanding (DSO).

How to Improve Salesforce Skills

To improve Salesforce for an Accounts Receivable Manager, focus on customization, automation, and integration:

1. Customize Dashboards: Tailor Salesforce dashboards to display key accounts receivable metrics such as outstanding invoices, average days to pay, and current aging reports. Salesforce Dashboard Customization.

2. Automate Invoice Reminders: Use Salesforce's Process Builder or Flow to automate the sending of invoice reminders and payment confirmations, reducing manual follow-up efforts. Process Automation.

3. Integrate with Accounting Software: Connect Salesforce with your accounting software (e.g., QuickBooks, Xero) for real-time data synchronization, ensuring accuracy in accounts receivable management. Salesforce Integration Basics.

4. Use Predictive Analytics: Leverage Salesforce Einstein for predictive analytics to forecast payment behaviors and identify at-risk accounts early. Einstein Analytics Basics.

5. Implement Payment Solutions: Integrate payment solutions within Salesforce to enable direct invoice payments, streamlining the collection process. Salesforce AppExchange - Payment Solutions.

By focusing on these areas, an Accounts Receivable Manager can enhance efficiency, improve cash flow, and reduce manual work within Salesforce.

How to Display Salesforce Skills on Your Resume

6. NetSuite

NetSuite is a cloud-based enterprise resource planning (ERP) software that integrates financial, customer relationship management (CRM), and e-commerce capabilities, providing Accounts Receivable Managers with tools for automating invoicing, managing cash flows, and tracking customer payments in real-time.

Why It's Important

NetSuite is important for an Accounts Receivable Manager because it provides a comprehensive, real-time view of accounts receivable processes, improves cash flow management, automates billing and collections, and enhances reporting and compliance, all within a unified cloud-based platform.

How to Improve NetSuite Skills

Improving NetSuite for an Accounts Receivable Manager involves optimizing processes for efficiency, accuracy, and real-time visibility into financial data. Here are concise strategies:

1. Automate Invoicing: Use NetSuite's SuiteScript or Workflow Manager to automate repetitive invoice generation and sending. This reduces manual errors and saves time. NetSuite SuiteScript

2. Implement Dunning Management: Customize or integrate a dunning management solution to automate the process of communicating with late-paying customers, helping to reduce days sales outstanding (DSO). NetSuite Advanced Financials

3. Enhance Reporting: Utilize NetSuite’s Saved Searches and Reports feature to create custom, real-time reports on accounts receivable metrics. This improves decision-making by providing instant access to crucial data. NetSuite Saved Searches

4. Improve Customer Payments: Implement NetSuite's Electronic Payments or partner with payment gateways to streamline the payment process, making it easier for customers to pay their invoices online. NetSuite Electronic Payments

5. Optimize Credit Management: Use NetSuite to set up and monitor credit limits and credit holds automatically, reducing the risk of bad debt and improving cash flow. NetSuite Credit Management

6. Leverage Customer Portals: Implement a self-service customer portal within NetSuite, allowing customers to view their invoices, payment history, and make payments directly. This improves customer satisfaction and reduces administrative workload. NetSuite Customer Center

7. Educate and Train Staff: Ensure your team is fully trained on NetSuite's AR functionalities and best practices. Consider enrolling them in NetSuite training courses or certifications. NetSuite Training

By focusing on automation, integration, and efficient use of NetSuite's capabilities, an Accounts Receivable Manager can significantly improve the efficiency and effectiveness of their operations.

How to Display NetSuite Skills on Your Resume

7. Xero

Xero is a cloud-based accounting software designed for small to medium-sized businesses, providing tools for managing invoices, tracking payments, and overseeing all aspects of accounts receivable.

Why It's Important

Xero is important for an Accounts Receivable Manager as it streamlines and automates the invoicing and collection processes, improving cash flow and reducing administrative overhead.

How to Improve Xero Skills

Improving Xero for an Accounts Receivable Manager involves optimizing invoice management, enhancing customer communication, and utilizing automation features. Here's a concise guide:

1. Automate Invoice Reminders: Set up automatic invoice reminders to encourage timely payments. Xero's guide on invoice reminders offers a step-by-step approach.

2. Customize Invoice Templates: Tailor invoice templates to include all necessary details, making it easier for clients to pay. Xero supports customization, as outlined here.

3. Use Online Payment Solutions: Integrate online payment solutions to expedite payments. Xero supports various payment services, which are detailed here.

4. Regularly Review Accounts Receivable Aging Reports: Stay on top of overdue invoices by regularly reviewing aging reports. Xero explains how to access these reports here.

5. Streamline Communication: Use Xero to send statements and communicate directly with clients regarding their accounts. The process is detailed here.

6. Leverage Xero’s Integration Capabilities: Integrate with CRMs and other tools to streamline workflows. Explore Xero’s App Marketplace for solutions here.

By implementing these strategies, an Accounts Receivable Manager can enhance efficiency, improve cash flow, and maintain healthy customer relationships through Xero.

How to Display Xero Skills on Your Resume

8. Zoho Books

Zoho Books is an online accounting software designed to manage a company's finances, including invoicing, expenses, inventory, and sales tax, providing tools for Accounts Receivable management such as automated payment reminders, tracking outstanding invoices, and recording customer payments.

Why It's Important

Zoho Books is important for an Accounts Receivable Manager because it streamlines invoicing, payment tracking, and customer account management, enhancing efficiency in receivables management and improving cash flow.

How to Improve Zoho Books Skills

To enhance Zoho Books for an Accounts Receivable Manager, consider implementing the following improvements:

1. Automate Reminders: Set up automatic reminders for outstanding invoices to reduce manual follow-up efforts. Zoho Books Automation guides on configuring reminders.

2. Custom Reports: Utilize the custom reports feature to generate specific accounts receivable reports that cater to your needs. This can help in tracking overdue payments more efficiently. Check the Custom Reports in Zoho Books for guidance.

3. Integration with CRM: Integrate Zoho Books with Zoho CRM or other CRM software to have a unified view of customer information and financial transactions. This facilitates better communication and follow-up strategies. Learn about Zoho CRM Integration.

4. Client Portal: Make use of the client portal feature to provide your customers with a view of their outstanding invoices and payment history, encouraging prompt payments. Information on setting up a Client Portal can be found here.

5. Online Payment Options: Enhance your invoice templates to include direct payment options. Offering multiple online payment methods can significantly reduce the time to receive payments. Explore Online Payments options available in Zoho Books.

6. Regular Data Analysis: Regularly analyze accounts receivable aging reports to identify patterns or issues in payments. This proactive approach can help in taking corrective actions early. Zoho Books' guide on Aging Reports can be useful.

Implementing these strategies can streamline the accounts receivable process, reduce payment turnaround times, and improve overall cash flow management for an Accounts Receivable Manager using Zoho Books.

How to Display Zoho Books Skills on Your Resume

9. FreshBooks

FreshBooks is a cloud-based accounting software designed to streamline invoicing, billing, and tracking expenses, tailored for small business owners and freelance professionals, including functionalities optimized for managing accounts receivable.

Why It's Important

FreshBooks is important for an Accounts Receivable Manager because it streamlines invoicing and payment tracking, ensuring efficient management of receivables and improving cash flow.

How to Improve FreshBooks Skills

To improve FreshBooks for an Accounts Receivable Manager, consider the following concise strategies:

1. Automate Reminders: Integrate more customizable automated payment reminders to reduce manual follow-ups (FreshBooks Features).

2. Enhance Reporting Tools: Improve reporting features for detailed accounts receivable aging reports to better track overdue invoices (FreshBooks Updates).

3. Client Portal Enhancements: Upgrade the client portal for easier invoice viewing and payment by clients, enhancing user experience and speeding up payments (Client Portals).

4. Integration with CRM Systems: Enhance integration capabilities with popular CRM systems for better client management and follow-up processes (FreshBooks Integrations).

5. Implement Payment Plan Options: Allow flexible payment plan options for clients directly through FreshBooks to manage receivables more effectively and accommodate client needs (Payment Solutions).

6. Customizable Dashboard: Improve the customizable dashboard features to provide at-a-glance views of outstanding invoices and key receivables metrics (Dashboard Customization).

Implementing these improvements would enhance functionality for Accounts Receivable Managers, streamlining their workflow and improving the efficiency of managing receivables.

How to Display FreshBooks Skills on Your Resume

10. Sage 50

Sage 50 is an accounting software designed for small to medium-sized businesses, offering features to manage financial transactions, including accounts receivable, invoicing, bill payments, and cash flow monitoring, helping Accounts Receivable Managers efficiently track and manage customer payments and outstanding balances.

Why It's Important

Sage 50 is important for an Accounts Receivable Manager because it efficiently manages and tracks customer invoices, payments, and outstanding balances, enhancing cash flow and reducing the risk of bad debts.

How to Improve Sage 50 Skills

Improving Sage 50 for an Accounts Receivable Manager involves optimizing operations related to invoice management, payment tracking, and customer communication. Here are concise strategies:

1. Automate Invoicing: Use Sage 50's built-in automation features to streamline invoice creation and distribution. Set up recurring invoices for regular customers to save time.

2. Implement Payment Reminders: Utilize Sage 50's reminder functionalities to automatically send payment reminders to customers, improving cash flow. Customize payment reminder emails for a personal touch.

3. Use Reporting Tools: Leverage Sage 50's reporting capabilities to generate real-time accounts receivable reports. This helps in identifying overdue accounts quickly. Explore Sage 50's reporting features for better decision-making.

4. Integrate with Payment Solutions: Connect Sage 50 with external payment platforms (like PayPal or Stripe) to offer multiple payment options, making it easier for customers to pay. Learn about Sage Payment Solutions.

5. Optimize Data Entry: Use Sage 50's import/export feature to efficiently manage customer data and avoid manual entry errors. Check out data management tips.

6. Regular Training: Ensure ongoing training for the Accounts Receivable team on the latest Sage 50 features and best practices. Sage University offers courses tailored to various roles.

By implementing these strategies, an Accounts Receivable Manager can significantly improve efficiency and accuracy within Sage 50's framework.

How to Display Sage 50 Skills on Your Resume

11. Dynamics 365

Dynamics 365 is a suite of integrated business applications from Microsoft that combines CRM and ERP capabilities. For an Accounts Receivable Manager, it provides tools for automating and managing the entire invoice-to-cash process, improving cash flow, reducing manual tasks, and enhancing customer payment experiences.

Why It's Important

Dynamics 365 is important for an Accounts Receivable Manager as it provides comprehensive tools for managing customer data, automating billing processes, and improving cash flow through timely invoicing and payment tracking, all in one integrated platform.

How to Improve Dynamics 365 Skills

To improve Dynamics 365 for an Accounts Receivable Manager, focus on these key areas:

1. Automation: Automate repetitive tasks such as invoice creation and payment reminders using Power Automate, reducing errors and saving time.
2. Integration: Connect Dynamics 365 with external accounting and billing systems for real-time data synchronization. Explore Dynamics 365 connectors for seamless integration options.
3. Reporting and Analytics: Utilize Power BI for advanced reporting and insights on accounts receivable metrics, enabling better decision-making and strategy planning.
4. Customer Communication: Implement personalized communication strategies using Dynamics 365 Customer Service for timely follow-ups and dispute resolutions, enhancing customer satisfaction.
5. Training and Support: Regularly update skills and knowledge of Dynamics 365 features through Microsoft Learn and encourage team participation in relevant training sessions for optimal use of the system.

By focusing on these areas, an Accounts Receivable Manager can significantly enhance the efficiency and effectiveness of Dynamics 365 usage.

How to Display Dynamics 365 Skills on Your Resume

12. Tableau

Tableau is a powerful data visualization tool that enables Accounts Receivable Managers to analyze and present financial data, track invoices, monitor customer payments, and identify trends to improve cash flow management effectively.

Why It's Important

Tableau is important for an Accounts Receivable Manager because it enables efficient data visualization and analysis, facilitating quicker decision-making on payment collections, customer creditworthiness, and cash flow management.

How to Improve Tableau Skills

To improve your Tableau skills as an Accounts Receivable Manager, follow these concise steps:

1. Learn Tableau Fundamentals: Begin with Tableau's Free Training Videos to understand the basics of data visualization.
2. Understand Data Preparation: Master data preparation techniques by exploring Tableau's Data Preparation guide to ensure your Accounts Receivable data is accurately represented.
3. Customize Dashboards: Utilize Tableau's Dashboard and Stories documentation to create interactive and informative dashboards tailored to your AR needs.
4. Enhance Data Analysis Skills: Improve your data analysis skills by learning through Tableau's Advanced Analytics features to forecast and analyze payment trends and customer behavior.
5. Implement Best Practices: Adopt Tableau dashboard design best practices from Tableau's Visual Analytics Best Practices guide to enhance readability and insights from your AR data.
6. Engage with the Community: Join the Tableau Community Forums to share insights, ask questions, and learn from other Tableau users in the Accounts Receivable field.
7. Continuous Learning: Stay updated with new Tableau features and advanced techniques by subscribing to the Tableau Blog.

Implementing these steps will significantly improve your proficiency in Tableau, enabling more effective visualization and analysis of Accounts Receivable data.

How to Display Tableau Skills on Your Resume