The Accounts Payable department is responsible for the financial, administrative and clerical support of a company. They are in charge of making payments owed by the company to suppliers and other creditors, paying vendor invoices or bills, and recording the company's short-term debts.

• Managing accounts payable using accounting software and other programs
• Handling accounts payable for separate entities and vendors
• Analyzing workflow processes
• Establishing and maintaining relationships with new and existing vendors
• Ensuring bills and payroll are paid in a timely and accurate manner while adhering to departmental procedures
• Processing due invoices for payments
• Comparing purchase orders, prices, terms of payment and other charges
• Processing transactions and performing accounting duties such as account maintenance, recording entries and reconciling books of accounts

Whilst a degree isn’t mandatory for an Accounts Payable role, an understanding of basic bookkeeping and accounting skills is required. A degree in the following subjects would be beneficial for an Accounts Payable career:

• Finance or Economics
• Business Studies
• Accounting

Attention to detail and data entry skills are important requirements for an Accounts Payable job description. Employees will be interacting with employers and vendors on a daily basis, so it is imperative they are able to interact on a professional manner at all times.

Accounts Receivable Clerk Job Responsibilities: Working on the receiving side of the company’s finances, the accounts receivable clerk is responsible for many records and payment-related transactions. Consider including these responsibilities in your accounts receivable clerk job description:

• Posts customer payments by recording cash, check, and credit card transactions.
• Tracks revenues by verifying and entering transactions from the lockbox and local deposits.
• Updates receivables by totaling unpaid invoices.
• Maintains records by microfilming invoices, debits, and credits.
• Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, and customer service.
• Resolves valid or authorized deductions by entering adjusting entries.
• Resolves invalid or unauthorized deductions by following pending deductions procedures.
• Resolves collections by examining customer payment plans, payment history, and credit lines.
• Summarizes receivables by maintaining invoice accounts.
• Protects the organization’s value by keeping information confidential.>
• Accomplishes accounting and organization mission by completing related results as needed.

Accounts Receivable Clerk Qualifications and Skills

• A high degree of accuracy
• Great attention to detail
• Strong customer service skills
• Ability to calculate and manage accounting figures
• Basic understanding of accounting principles
• Comfort working with budgets, payroll, revenue, and forecasting