What Does an Accounts Receivable Supervisor Do?

Accounts receivable represents the money that is owed to your firm from the sale of products or services by another entity.

Generally, the majority of businesses, accounts receivable are handled through invoices sent by mail or sent electronically. During accounts receivable training, one learns how to manage the process of invoicing the produces or services ordered by another business.

Once an invoice is delivered to the entity that owes money, they have to pay the bill within an established timeframe. The timeframe given is referred to as credit terms or payment terms. On a business’s Balance Sheet, accounts receivable, or money owed to the company is seen as an asset.

A supervisor that handles this part of the company’s balance sheet ensures that they receive the payment for their orders within the established timeframe. Additionally they are responsible for handling any delinquent accounts, monitoring for any potential payments problems, checking for errors in demographic and insurance information, and paying close attention to internal processing delays and errors. By working to improve collections for invoices they also work to increase workflow efficiencies within the business.

Advanced revenue cycle management training is another important aspect of being a successfully accounts receivable training, since the supervisor must analyze and trend the bookkeeping of the company.