Demo

Cash Applications Clerk

Virtual
Cary, NC Full Time
POSTED ON 2/20/2025
AVAILABLE BEFORE 5/19/2025

Cash Applications Analyst

Key Responsibilities :

  • Payment Processing :

Apply customer payments to accounts accurately and promptly, ensuring that all payments are correctly posted in the financial system.

  • Reconcile payments with invoices, credit memos, and any deductions.
  • Data Entry and Reporting :
  • Input and maintain customer payment information into financial systems.

  • Generate and review daily, weekly, and monthly reports on cash applications.
  • Customer Communication :
  • Address customer payment-related inquiries or discrepancies.

  • Work with customers to resolve payment issues or disputes and ensure timely resolution.
  • Cash Application Reconciliation :
  • Ensure all payments are accounted for, and discrepancies are identified and resolved in a timely manner.

  • Monitor and follow up on aged receivables and unapplied cash.
  • Process Improvement :
  • Identify opportunities for process improvements to streamline cash application procedures.

  • Collaborate with the finance or accounting team to improve workflows and enhance the cash application process.
  • Account Management :
  • Ensure that accounts are accurately maintained and up-to-date.

  • Collaborate with the collections and credit teams to maintain accurate financial records.
  • Required Skills :

  • Strong attention to detail and accuracy.
  • Ability to work with large volumes of data.
  • Proficiency in Microsoft Excel (formulas, pivot tables, etc.) and accounting software (ERP systems).
  • Excellent communication and problem-solving skills.
  • Knowledge of accounts receivable processes and general accounting principles.
  • Preferred Qualifications :

  • Experience in a cash applications or accounts receivable role.
  • Familiarity with accounting systems (e.g., SAP, Oracle, or similar).
  • Bachelor’s degree in Accounting, Finance, or a related field (or equivalent experience).
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