
Accounts Receivable Officer
Who is an Accounts Receivable Officer?
An Accounts Receivable (AR) Officer is part of the Finance/Accounts team and is responsible for collecting customer payments.
Generally, the Responsibilities of an Accounts Receivable Officer Include:
- Calculating, recording, and generating customer invoices manually or entering them into an accounting system.
- Processing and allocating payments against the correct invoice and customer.
- Chasing long-standing overdue customer invoices that have not been paid.
- Running and analyzing aged receivable reports regularly.
- Reporting long-standing customers for outside debt collection (if any).
- Completing month-end tasks related to outstanding invoices and payments.
- Processing credit notes/debit notes in accounting software.
- Communicating regularly with customers regarding any invoice allocation or payment issues.
Why should you choose Hiree Outsourcing Accounts Receivable Officer?
- Skilled Talent: Hiree’s Accounts Receivable officers have gained extensive experience handling and processing customer invoices and payments across various industries. They are skilled and equipped with all necessary AR officer competencies.
- Cost Savings: Outsourcing Accounts Receivable can help save your organization a significant amount of money, as hiring an equivalent staff member in Australia could cost around $70K-$80K (Source: seek.com.au). When outsourcing Accounts Receivable with Hiree, we cover all expenses related to equipment, hiring, laptops, and other overheads.
- Security: Hiree, outsourced accounting firms uses state-of-the-art technology for data security and compliance. This includes a dedicated IT department that regularly audits and ensures no unauthorized software is installed on work laptops
At Consulting WP, our mission is to assist companies in evaluating their skill sets and navigating toward a new direction that optimally harnesses the talents of their teams and utilizes resources with maximum productivity.
Fostering Financial Securit
Unlock the potential of your business to become a revenue-generating asset, affording you the flexibility to work as much or as little as you desire.
Navigating the Path to Success
Our clients frequently discover a realm of possibilities that leave them pleasantly surprised as we encourage creative thinking and introduce exciting new ventures. These include strategies to work fewer hours while boosting income, attract and retain high-paying customers, optimize time management for increased efficiency, refine leadership skills to adeptly manage teams, reduce expenses without compromising quality, and implement business automation for the freedom to step away for days.
Frequently Asked Questions:
Most clients have other accounting duties allocated to their Accounts Receivable officer. This could include entering bills, performing data entry, and handling other month-end reconciliations.
Our trained and skilled Accounts Receivable officers ensure all invoices are paid on time by constantly chasing overdue invoices, reducing overdue accounts, and providing accurate forecasting and reporting. This promotes healthy cash flow.
Yes, we can allocate a dedicated phone number to our staff, allowing you or your customers to contact your organization’s dedicated Accounts Receivable officer directly.
Strategic Market Analysis for Business Planning
Building a robust business plan goes beyond intuition and experience; it necessitates supporting your ideas with fact-based market research. Investors seek confidence in your market understanding, so cutting corners on research is not an option. We have access to exclusive fee-based resources, providing valuable insights to fortify your business proposal.
- Don James/Semplice – Article and News Research
- VoltageBusiness – Company and Industry Research
- Goovers – Company and Industry Research
- IRISpace – Article and News Research
- Lexos-Nexos – Company, Industry, Market Research
- Plombett – Article and News Research
- Pronounce – Market Analysis report “Slices”
Competitor research & analysis
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Comparison of Aust Accountant vs Overseas Accountant
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- An Australian accountant, commonly referred to as an Aust Accountant, plays a pivotal role in providing financial expertise and support. With a deep understanding of the Australian taxation system, financial regulations, and business landscape, an Aust Accountant offers invaluable assistance to individuals and businesses alike. From managing tax obligations and financial reporting to providing strategic financial advice, these professionals contribute significantly to the fiscal well-being of their clients in the Australian context.
- An overseas accountant plays a crucial role in providing financial expertise and support for businesses operating on a global scale. These professionals navigate the complexities of international financial regulations, taxation systems, and diverse business environments. An overseas accountant is well-versed in handling cross-border transactions, mitigating the impact of different tax structures, and ensuring compliance with varying accounting standards. Their expertise them requiring a comprehensive understanding of global financial landscapes and regulatory frameworks.