Effective cash flow management is a key issue in business operations and a top priority for the board of directors. So, who in a business takes on this role? Depending on the size of the business, this position has different names, but it is usually called accounts payable.
1. What is accounts payable accounting?
Accounts receivable accountants are responsible for checking, monitoring, and urging the collection of outstanding debts, proposing solutions for optimal debt recovery and payment. Accounts receivable accountants must always ensure that the company's accounts receivable remain within acceptable limits, avoiding situations of outstanding debt that could affect cash flow and the company's ability to pay its debts.
2. Job Description
- Control and manage data related to customer accounts receivable: reconcile detailed and summarized data to ensure accurate, complete, and timely recording of outstanding amounts and payment deadlines for customer debts.
- Control and manage data related to accounts payable to suppliers: reconcile detailed and summarized data to ensure accurate, complete, and timely recording of amounts due and payment deadlines.
- Maintain accounting records for accounts receivable from customers and accounts payable to suppliers in accordance with current regulations and the instructions of the Chief Accountant/Accounting Manager.
- Reconcile accounts receivable with customers and accounts payable to suppliers on a regular monthly/ad hoc basis.
- Expedite the collection of outstanding accounts receivable from customers.
- Plan monthly/weekly customer collection schedules and prepare customer collection reports.
- Create a monthly/weekly spending plan, categorizing payments by due date.
- This report includes data related to accounts receivable from customers and sales revenue.
- This report categorizes customer accounts receivable by age.
- Propose effective solutions for recovering outstanding customer debts, minimizing the risk of bad debts that are difficult to recover…
- Other duties as required by the Chief Accountant and the Board of Directors.
3. Candidate Requirements
3.1. Knowledge and experience
- Graduated from a regular university program with a major in Finance/Accounting/Auditing/Banking.
- Must have at least 03 years of experience in accounting, including at least 01 years in a similar position.
- Master the accounting system, accounting standards, and tax laws related to accounts receivable, revenue, invoices, and supporting documents.
3.2. Skills
- Excellent communication skills.
- Excellent problem-solving skills and quick thinking.
- Proficiency in using accounting software and Excel.
- Skills in organizing, planning, and developing strategies to accomplish assigned tasks.
- Good English communication skills.
3.3. Personal requirements
- Female/Male
- Work attitude: careful, responsible, serious, courteous.
- Human and social attitudes: Honesty, integrity, morality, self-respect.