Invoicing: Prepare and send invoices to customers, clients, or partners for products or services delivered
Payment Processing: Record and track incoming payments, ensuring that they are applied correctly to outstanding invoices
Accounts Reconciliation: Reconcile accounts receivable transactions to ensure they match financial records and resolve discrepancies
Credit Control: Monitor and follow up on overdue accounts and communicate with customers to ensure timely payments
Billing Disputes: Investigate and resolve billing discrepancies or disputes with customers
Aging Reports: Maintain and review accounts receivable aging reports to track the status of outstanding invoices
Collections: Initiate collection activities, such as sending reminders, contacting customers, and managing the collections process for overdue accounts
Cash Application: Apply incoming payments to the appropriate customer accounts, ensuring accurate record-keeping
Customer Statements: Generate and send periodic account statements to customers to keep them informed about their outstanding balances
Reporting: Prepare and present accounts receivable reports and summaries to management for financial analysis
Customer Relations: Maintain positive relationships with customers while addressing payment-related concerns and inquiries