Accounts Payable/Receivable Analyst analyzes accounts payable/receivable activities to ensure compliance with internal controls and accounting policies. Maintains and reconciles the accounts payable and accounts receivable ledger to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Analyst utilizes AP/AR data to identify trends, inefficiencies, and opportunities for improvements or cost savings. Generates reports to bring insight into collections, account ages, and other relevant metrics and relays conclusions to management. Additionally, Accounts Payable/Receivable Analyst investigates and resolves discrepancies in billings and collections or payments. Analyzes customer credit history, determines credit risk, and recommends credit limits and payment terms. May recommend improvements to accounts payable/receivable processes. Requires a bachelor's degree. Typically reports to a manager. The Accounts Payable/Receivable Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Accounts Payable/Receivable Analyst typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)
Essential Functions |
- Verification of vendor invoices, which includes matching invoices to purchase orders and goods receipts online, coding manual invoices to proper general ledger account numbers, and assessing invoices for proper sales tax liability. |
- Demonstrate initiative and ability to guide, motivate, and influence others. Provide constructive feedback for any problems/issues. Use sound judgment and make well-informed decisions. |
- Placing pricing and quantity discrepancies on HOLD to be reviewed and resolved by interaction between Purchasing and Branch/Division Warehouse personnel. Assist, if needed, by providing any information necessary to facilitate resolution of discrepancies. |
- Processing of vendor invoices for weekly check runs in an efficient, timely manner. Monthly reconciliation of vendor statements. |
- Filing of all documents entered into SAP. |
- Performs other duties as assigned. |
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