Accounts Payable and Account Receivable Clerk Duties & Responsibilities

An accounts payable clerk ensures the company’s debts to suppliers and creditors are paid accurately and on time. As an employee in this role, your tasks include processing and reconciling invoices and verifying and recording expenses. Depending on the employer, you may or may not provide team leadership and supervisory duties to other personnel.

Invoice-Related Duties

As an accounts payable clerk, you review vendor invoices for accuracy and make the required changes before submitting payment. During this process, it might be necessary to verify tax identification numbers and calculate line item charges, discounts, freight charges and taxes due. After identifying invoice errors and fixing them, you generate checks via web payment or Automated Clearing House. Other duties might include matching invoices to their respective purchase orders, scheduling payments according to the terms of the purchase contract and issuing stop payments on inaccurately paid invoices.

Accounts Receivable Responsibilities

In some companies, the accounts payable clerk also performs accounts receivable duties which involves invoicing customers and others who owe the company. In this capacity, you generate company revenue by calculating payments due and sending out invoices. It might also be necessary to process refunds, send payment reminder notices, address insufficient payments, refer delinquent accounts to collection agencies and solve payment disputes.

General Accounting Tasks

You might verify and post accounts payable transactions in the general ledger and maintain the ledger’s payable account. In addition, the job might require the allocation of expenses to cost centers and accounts, generating and evaluating expense reports and making closing entries at the end of the accounting period. You may also report sales taxes to the government, record petty cash disbursements, send W-9 forms to vendors and fill out credit applications to create lines of credit for vendors. From an administrative standpoint, the job might require providing support to the company’s financial officers and maintaining accounts payable spreadsheets and files.

Internal Relations

If the position is for a large company with multiple branches, you may serve as the liaison between the head office's and the branch's accounts payable departments. On a daily basis, you might interact with other accounting employees and departmental heads to solve accounts payable issues. For example, if an invoice does not have a purchase order, it might be your responsibility to obtain the appropriate approval and signatures before paying the bill. You might also work with the payroll department to process garnishment checks.