The role of an accounts receivable clerk is a crucial one in the finance and accounting department of any organization. These professionals are responsible for managing and maintaining an accurate record of the money that is owed to their company, ensuring that payments are received on time, and handling various financial transactions. The compensation for an accounts receivable clerk can vary depending on factors such as experience, location, industry, and the specific organization they work for.
Average Salary
The salary of an accounts receivable clerk can vary, but on average, these professionals can expect to earn a competitive wage. According to data from the U.S. Bureau of Labor Statistics, as of my last knowledge update in January 2022, the median annual wage for all financial clerks, including accounts receivable clerks, was around $40,540. However, this figure can fluctuate based on multiple factors.
Factors Influencing Salary
Experience: One of the primary factors that affect an accounts receivable clerk's salary is their level of experience. Entry-level clerks typically earn less than those with several years of experience in the field. As they gain more expertise and knowledge, they often see their salary increase.
