Core Responsibilities
Key duties and responsibilities for an accounts receivable article trainee include:
Invoicing and Billing: Assisting in the preparation, verification, and issuance of accurate and timely invoices and credit notes to customers.
Payment Processing: Recording and applying customer payments (checks, ACH, wire transfers, credit cards) to the correct customer accounts and reconciling these daily batches with bank statements and accounting records.
Collections Management: Monitoring accounts receivable aging reports, identifying overdue accounts, and contacting customers via phone or email to follow up on outstanding balances and negotiate payment plans.
Discrepancy Resolution: Investigating and resolving billing discrepancies, invoice queries, and disputes in collaboration with sales, customer service, and other internal teams.
Account Reconciliation: Performing regular reconciliations of customer ledgers and the main AR control account to ensure accuracy in financial reporting.
Documentation and Reporting: Maintaining accurate and organized records of all invoices, payments, and customer communications. Generating reports on AR status, collection rates, and aging trends for management review.
Audit Assistance: Supporting the finance team during internal and external audits by preparing necessary documentation and providing explanations for AR transactions.
Compliance: Ensuring all accounts receivable processes and documentation comply with company policies, accounting standards (e.g., GAAP, IFRS), and relevant tax regulations (e.g., GST, TDS).
Key Skills Required
To succeed in this role, an article trainee needs a blend of technical and soft skills:
Technical Knowledge: Foundational understanding of accounting principles and AR processes. Proficiency in accounting software (e.g., QuickBooks, Tally, SAP) and strong Microsoft Excel skills are essential.
Attention to Detail: Meticulous attention to detail to ensure high accuracy in data entry and financial records.
Communication Skills: Excellent verbal and written communication skills for professional interaction with clients and team members.
Analytical and Problem-Solving Skills: Ability to analyze financial data, identify discrepancies, and find solutions for complex billing issues.
Organizational and Time Management Skills: The capacity to manage multiple tasks, prioritize workload efficiently, and meet deadlines, especially during month-end or tax season.
This profile provides a comprehensive opportunity for an aspiring accounting professional to apply theoretical knowledge in a real-world setting and develop essential skills for a successful career.