87 applicants

Company

ReUp Education · 1 day ago

AP/AR Analyst

United States

Full-time

Remote

Mid Level

$23/hr - $25/hr

3+ years exp

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Responsibilities

Process and verify invoices for accuracy and approvals before payments

Set up and manage vendor accounts, ensuring accurate and up-to-date information

Manage and process vendor payments through checks, ACH, or wire transfers

Monitor accounts to ensure timely payments and negotiate payment terms as needed

Maintain accurate records of all AP transactions in accounting software

Communicate with vendors to resolve issues or discrepancies with invoices or payments

Review and analyze vendor statements to identify discrepancies and resolve outstanding issues

Prepare and process 1099 forms and other tax-related documents for vendors at year-end

Reconcile AP ledger to the general ledger monthly

Prepare weekly or monthly cash requirement reports to assist with cash flow planning

Develop and document AP processes to improve efficiency and accuracy

Generate and send invoices to customers for products or services rendered

Post incoming payments and manage receipts to customer accounts accurately

Establish and maintain positive relationships with clients to ensure timely payments

Monitor customer accounts for credit limits and review new accounts to ensure adherence to credit policies

Apply cash receipts accurately to customer invoices, discounts, and write-offs

Follow up on overdue invoices and engage in collections activities

Perform customer account reconciliations and handle disputes

Conduct periodic credit reviews of existing customers and recommend credit limits

Issue credit memos or adjustments as required

Prepare and present AR aging reports for management

Develop and maintain a collections plan to follow up on overdue accounts systematically

Implement payment plans for customers with overdue balances to help improve cash flow

Generate reports on key AR metrics, such as days sales outstanding (DSO) and accounts receivable turnover ratio

Track and report key performance indicators (KPIs) for AP and AR processes

Prepare monthly reconciliations of AP and AR sub-ledgers to the general ledger

Assist in month-end closing activities, such as reconciling AP/AR sub-ledgers to the general ledger

Collaborate with finance and operations teams to resolve any accounting discrepancies

Monitor AP/AR processes and recommend improvements to increase efficiency

Assist in implementing and improving financial systems for AP/AR automation

Conduct financial analysis on AP/AR data to identify trends and areas for improvement

Support external and internal audits by preparing detailed AP/AR records and reports

Coordinate with other departments (e.g., sales, purchasing) to resolve invoicing and payment issues

Document and update AP/AR policies and procedures to align with best practices and regulatory standards

Qualification

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Accounting principlesAccounting software proficiencyAccounts payableAccounts receivableFinancial reportingAccount reconciliationFinancial data analysisAccountingMicrosoft OfficeBill.comQBO onlineBlackline