Account Receivable

Job Description

Key Responsibilities: 1. Invoice Management: Prepare sales orders as per client Purchase Orders (PO) or specific requirements. Generate and send invoices to customers promptly. Ensure accuracy of invoices and compliance with company policies and legal requirements. Track and reconcile accounts receivable transactions. 2. Collections: Monitor accounts to identify overdue payments. Follow up with customers via phone, email, and written correspondence to secure timely payments. Negotiate payment plans with customers as necessary. Maintain positive relationships with customers while addressing collection issues. 3. Record Keeping: Maintain and update customer files with accurate financial information. Record daily transactions and reconcile accounts regularly. Prepare and maintain accounts receivable aging reports. 4. Reporting: Provide regular reports on the status of accounts receivable to the Finance Manager. Assist in the preparation of financial statements by providing necessary data and insights. 5. Dispute Resolution: Investigate and resolve customer queries and disputes related to invoices. Collaborate with sales and customer service teams to address billing issues. 6. Compliance and Process Improvement: Ensure compliance with accounting principles and company policies. Assist in developing and implementing accounts receivable policies and procedures. Identify opportunities for process improvements and implement solutions. 7. GST Documentation and Reconciliation: Ensure that all invoices are GST compliant and correctly recorded. Prepare and file GST returns in a timely manner. Reconcile GST payable and receivable accounts monthly. Address and resolve any discrepancies in GST accounts. Stay updated with changes in GST laws and regulations to ensure compliance.