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Updated. April 8, 2024 1:41:10

Salary Estimates – The average Account Receivable Salary in the United States 2024 is $98,397 per year. The average salary for an Account Receivable Specialist $65,000 per year in California, $55,000 per year in Texas, $55,000 per year in Florida, $70,000 per year in New York City, NYC.

Account Receivable Salary

The average salary for an Account Receivable Specialist in the United States varies depending on factors such as location, level of experience, and the specific industry. Here are approximate salary ranges for Account Receivable Specialists in the requested locations:

  1. California: The average salary for an Account Receivable Specialist in California ranges from $45,000 to $65,000 per year, depending on experience and other factors. In major cities like Los Angeles and San Francisco, salaries tend to be higher due to the higher cost of living.
  2. Texas: In Texas, the average salary for an Account Receivable Specialist ranges from $40,000 to $55,000 per year. Cities like Houston, Dallas, and Austin may offer slightly higher salaries compared to more rural areas.
  3. Florida: In Florida, the average salary for an Account Receivable Specialist ranges from $40,000 to $55,000 per year. Cities like Miami, Orlando, and Tampa may offer higher salaries compared to rural areas.
  4. New York City (NYC): The average salary for an Account Receivable Specialist in New York City tends to be higher due to the higher cost of living. Salaries typically range from $50,000 to $70,000 per year.

These salary ranges are approximate and can vary based on factors such as the candidate’s level of experience, education, specific job responsibilities, and the employer’s industry and size. Additionally, factors such as bonuses, benefits, and overtime can also impact the overall compensation package. It’s essential to research current job listings and industry trends for the most up-to-date salary information.

How much do accounts receivable make

  1. Accounts Receivable Clerk/Associate:
    • Entry-level positions may range from $30,000 to $45,000 per year, depending on factors such as location and company size.
  2. Accounts Receivable Specialist/Analyst:
    • With a few years of experience, salaries for AR Specialists/Analysts typically range from $40,000 to $60,000 per year.
  3. Senior Accounts Receivable Specialist/Analyst:
    • Senior-level positions with significant experience and responsibility can command salaries ranging from $50,000 to $80,000 or more per year.
  4. Accounts Receivable Manager/Supervisor:
    • Managers or supervisors in charge of AR departments can earn salaries ranging from $60,000 to $100,000 or higher, depending on factors such as company size and location.
  5. Director of Accounts Receivable:
    • At the director level, salaries can vary widely depending on the size and complexity of the organization. They may range from $80,000 to well over $150,000 per year, with the potential for bonuses and other incentives.

What skills does a accounts receivable need?

  1. Attention to Detail: AR professionals must be meticulous in their work to accurately process invoices, payments, and other financial transactions.
  2. Organization: Strong organizational skills are essential for managing large volumes of invoices, payments, and customer data efficiently.
  3. Communication: Effective communication skills are crucial for interacting with customers, internal stakeholders, and other departments to resolve payment issues and discrepancies.
  4. Customer Service: AR professionals often interact directly with customers regarding payment inquiries and discrepancies, so excellent customer service skills are important for maintaining positive relationships.
  5. Analytical Skills: AR professionals need to analyze financial data, identify trends, and make informed decisions to improve the efficiency of the receivables process.
  6. Problem-Solving: The ability to identify and resolve payment discrepancies, billing errors, and other issues is essential for AR professionals to ensure accurate and timely collections.
  7. Financial Acumen: A strong understanding of accounting principles, financial statements, and billing processes is necessary for effectively managing accounts receivable.
  8. Software Proficiency: Proficiency with accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel is often required for processing invoices, generating reports, and analyzing data.
  9. Negotiation Skills: AR professionals may need to negotiate payment terms and agreements with customers to facilitate timely payments and resolve outstanding balances.
  10. Time Management: Efficient time management skills are important for prioritizing tasks, meeting deadlines, and managing workload effectively in a fast-paced environment.
  11. Teamwork: Collaboration with colleagues in other departments, such as sales, customer service, and finance, is essential for resolving payment issues and improving the overall receivables process.
  12. Ethical Conduct: AR professionals handle sensitive financial information and must adhere to ethical standards and confidentiality policies to maintain trust and integrity in their role.

Level of Education for Account Receivable

The level of education required for positions in accounts receivable can vary depending on the specific role, the employer’s preferences, and industry standards. In many cases, a high school diploma or equivalent is the minimum educational requirement for entry-level positions in accounts receivable, such as Accounts Receivable Clerk or Accounts Receivable Specialist.

However, some employers may prefer candidates with an associate’s or bachelor’s degree in accounting, finance, business administration, or a related field for certain positions, especially those that involve more complex financial analysis or managerial responsibilities within the accounts receivable department.

While a degree may not always be required, having relevant coursework or certifications in accounting, finance, or bookkeeping can be beneficial for individuals seeking to advance their careers in accounts receivable or pursue higher-level positions within the field.

Additionally, candidates with previous experience in accounting, finance, or related roles may be considered for accounts receivable positions even if they do not have a formal degree in a related field. Relevant work experience, coupled with strong skills and knowledge in areas such as financial analysis, data management, and customer service, can often outweigh educational requirements in the eyes of employers.

Ultimately, the level of education required for accounts receivable positions can vary based on factors such as the specific job requirements, industry norms, and employer preferences. It’s important for individuals interested in pursuing careers in accounts receivable to carefully review job descriptions and qualifications for positions they’re interested in to understand the specific educational requirements and qualifications sought by employers. Additionally, ongoing professional development and continuing education can be valuable for individuals looking to advance their careers in the field of accounts receivable.

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Developing and honing these skills can help AR professionals excel in their roles and contribute to the financial health of their organizations. Ongoing training and professional development can further enhance these skills and keep professionals up-to-date with industry best practices and technological advancements. [ Account Receivable Salary in United States ]