How to Become an Accounts Receivable Officer: Australian Careers in Accounting and Bookkeeping

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BSB40120

Certificate IV in Business (Financial Administration)

Whether you’re looking to start a new career in business administration or have industry experience and want to formalise your skills, this BSB40120 Certificate IV in Business (Financial Administration) qualification from Open Colleges could be a great option. This flexible course, designed to make it easy to fit study in with your current lifestyle, combines the in-demand business administration skills with financial reporting and payroll knowledge to ensure that you become a valuable prospect for business in any sector.

This course will allow you to gain all the relevant business administration and communication skills such as how to build and maintain business relationships, apply various communication strategies to business tasks and write and edit complex business documents, while at the same time teaching you the principles of business financial reporting, processing of financial transactions and management of financial records and establishing and maintaining a payroll system.

Start studying today to give your career the kick-start it needs!

PLEASE NOTE – Open Colleges is a privately-run RTO, not government-run like a TAFE, so they cannot offer government funding. Please check eligibility requirements before beginning an enrollment with Open Colleges.

Online

Accounts Administrator, Accounts Clerk, Accounts Payable Officer, Accounts Receivable Officer, Accounts Supervisor, Administration Supervisor, Administrative Assistant, Executive Personal Assistant, Office Manager, Payroll Clerk, Payroll Officer, Payroll Supervisor, Senior Accounts Officer

Price may vary

Self-paced, max 18 months

FNS40222

Certificate IV in Accounting and Bookkeeping

If you have an aptitude for numbers and are looking for a lucrative career, then this FNS40222 Certificate IV in Accounting and Bookkeeping qualification from National Business Institute of Australia (NBIA) could be just what you’re looking for.

This course offers essential accounting knowledge and insight into various accounting and bookkeeping tasks commonly encountered in professional settings. Topics covered include the completion of Business Activity Statements (BAS), preparation of financial reports, processing of financial transactions, and establishment and maintenance of payroll systems. Accredited nationally and widely recognised, it caters to individuals seeking to enhance their proficiency in accounts, accounting, and bookkeeping, as well as those aspiring to establish their own bookkeeping business or become registered BAS agents.

Delivered 100% online, this course is particularly suitable for individuals already employed in the field, as well as those in administrative or office management roles aiming for career advancement who are looking for a flexible course that fits in with their timetable.

Please note: this course is fee-for-service, NOT government funded.

Online

Accounts Administrator, Accounts Clerk, Accounts Payable Officer, Accounts Receivable Officer, BAS Agent, Bookkeeper, Bookkeeper Assistant, Senior Accounts Officer, Tax Specialist, Taxation Advisor

Price may vary

12 months

FNS40222

Certificate IV in Accounting and Bookkeeping

The FNS40222 Certificate IV in Accounting and Bookkeeping offered by Macedon Ranges Education is designed to equip students with essential skills and knowledge for a successful career in the accounting and bookkeeping sector. This course covers a range of key learning areas, including financial reporting, budgeting, and the management of financial records. Students will gain practical experience in using accounting software, ensuring they are well-prepared for the demands of the industry.

Throughout the course, participants will develop a strong understanding of compliance requirements and the importance of accurate financial documentation. The curriculum is tailored to foster critical thinking and problem-solving skills, enabling students to navigate complex financial scenarios with confidence. With a focus on real-world applications, this qualification opens doors to various career opportunities in accounting and bookkeeping, making it an ideal choice for those looking to advance their professional journey.

Enquire to learn more about how the FNS40222 Certificate IV in Accounting and Bookkeeping can help kickstart a rewarding career in the financial sector.

Study modes: This course can be delivered either 100% online, or at Macedon Ranges Education’s campus in Kilmore, Victoria. Online students can start anytime. There are 4 intake dates each year for on-campus students: April, July, September, and December (for the following year).

PLEASE NOTE: This course is fee-for-service only, it is not government-funded.

On Campus, Online

Online, VIC

Accounts Payable Officer, Accounts Receivable Officer, Accounts Supervisor, Bookkeeper

Price may vary

12 months

On this page

What is a Accounts Receivable Officer?

What will I do?

What skills do I need?

Resources

What is a Accounts Receivable Officer?

The role of an Accounts Receivable Officer is a vital component in the financial health of any organisation. These professionals are responsible for managing incoming payments, ensuring that invoices are issued accurately and promptly, and maintaining positive relationships with clients. By overseeing the accounts receivable process, they play a crucial role in cash flow management, which is essential for the sustainability and growth of a business. This career offers a unique blend of financial acumen and interpersonal skills, making it an appealing choice for those who enjoy working with numbers and people alike.

Accounts Receivable Officers have a range of responsibilities that contribute to the overall efficiency of the finance department. They are tasked with preparing and sending out invoices, tracking payments, and following up on overdue accounts. This involves not only meticulous record-keeping but also effective communication with clients to resolve any discrepancies or issues that may arise. By ensuring that payments are collected in a timely manner, they help maintain the organisation’s liquidity and support its operational needs.

In addition to managing invoices and payments, Accounts Receivable Officers often analyse financial data to identify trends and provide insights that can inform business decisions. They may also collaborate with other departments, such as sales and customer service, to ensure a seamless experience for clients. This role requires a keen eye for detail, strong organisational skills, and the ability to work under pressure, all of which contribute to a dynamic and rewarding work environment.

For those considering a career as an Accounts Receivable Officer, the prospects are promising. With an average annual salary ranging from $65,000 to $80,000, this role not only offers financial stability but also opportunities for career advancement within the finance sector. As businesses continue to grow and evolve, the demand for skilled professionals in accounts receivable remains strong, making it an excellent choice for individuals looking to build a fulfilling career in finance.

Career snapshots For Accounts Receivable Officers

The role of an Accounts Receivable Officer is crucial in managing a company’s financial transactions and ensuring timely payments from clients. This position is prevalent across various industries, including financial services and accounting firms.

Average Age: The average age of an Accounts Receivable Officer is typically around 35 years.
Gender Distribution: The profession sees a balanced gender representation, with approximately 50% male and 50% female employees.
Hours Worked: Most Accounts Receivable Officers work full-time, averaging around 38 hours per week, with a portion also working part-time.
Average Salary: The average annual salary ranges from $70,000 to $80,000, depending on the location and experience level.
Unemployment Rate: The unemployment rate for this role is relatively low, reflecting the steady demand for financial professionals.
Employment Numbers: Approximately 50,000 individuals are currently employed as Accounts Receivable Officers across Australia.
Projected Growth: The job market for Accounts Receivable Officers is expected to grow steadily, with an estimated increase of 10% over the next five years.

This information highlights the stability and opportunities available in the field of accounts receivable, making it an attractive career choice for those interested in finance and administration.

What will I do?

The role of an Accounts Receivable Officer is crucial in maintaining the financial health of an organisation. This position involves managing incoming payments, ensuring that invoices are processed accurately, and maintaining positive relationships with clients. By effectively tracking and managing accounts, an Accounts Receivable Officer plays a key role in cash flow management and contributes to the overall financial stability of the business.

Invoice Generation – Creating and sending invoices to clients for goods and services rendered.
Payment Processing – Recording and processing incoming payments, ensuring accuracy and timeliness.
Account Reconciliation – Regularly reconciling accounts to ensure that all transactions are accurately reflected in financial records.
Client Communication – Communicating with clients regarding outstanding invoices and payment terms to maintain positive relationships.
Dispute Resolution – Addressing and resolving any discrepancies or disputes related to invoices or payments.
Reporting – Preparing regular reports on accounts receivable status, including outstanding invoices and payment trends.
Credit Management – Assessing client creditworthiness and managing credit limits to mitigate financial risk.
Collaboration – Working closely with other departments, such as sales and finance, to ensure smooth operations and accurate financial reporting.

What skills do I need?

A career as an Accounts Receivable Officer requires a blend of analytical skills, attention to detail, and strong communication abilities. Professionals in this role are responsible for managing incoming payments, tracking outstanding invoices, and ensuring that financial records are accurate. A solid understanding of accounting principles and proficiency in financial software are essential, as these tools help streamline processes and maintain accurate records. Additionally, the ability to analyse financial data and generate reports is crucial for identifying trends and making informed decisions.

Moreover, interpersonal skills play a significant role in this position, as Accounts Receivable Officers often interact with clients and internal teams to resolve payment issues and negotiate terms. Time management and organisational skills are also vital, enabling professionals to prioritise tasks effectively and meet deadlines. As the financial landscape continues to evolve, a commitment to ongoing learning and adaptation will further enhance career prospects in this field.

Skills/attributes

Strong attention to detail
Excellent numerical and analytical skills
Proficiency in accounting software and Microsoft Excel
Effective communication skills, both written and verbal
Ability to manage time and prioritise tasks efficiently
Problem-solving skills to address discrepancies and issues
Understanding of financial regulations and compliance
Teamwork and collaboration abilities
Customer service orientation
Adaptability to changing financial environments

Resources

NATIONAL

QLD

VIC

ACT

TAS

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How to Become an Accounts Receivable Officer: Australian Careers in Accounting and Bookkeeping

What is a Accounts Receivable Officer?

Career snapshots For Accounts Receivable Officers

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes