A revenue Accountant is responsible for handling the checks and balances of revenues generated in an organization.
Also referred to as a senior Accountant, the description of the Revenue Accountant involves managing the finances of the organization and keeping excellent financial records.
An expert in finance, the Revenue Accountant pays close attention to both payable and receivable accounts in the company to create a balance between both.
The Revenue Accountant works directly with clients and ensures that all payments by clients are dully received on time as agreed, without delay.
In order to balance various accounts properly, the Revenue Accountant inspects all activities of general ledger that are revenue related in all departments in the company.
As a measure to boost company sales and patronage, the Revenue Accountant works closely with the marketing and advertising departments to come up with effective marketing and promotional strategies.
Other duties he/she performs include ensuring that the company is debt free by avoiding situations that may lead the company to incur debts, and also making effort to collect debts owed to the company on time.
The Revenue Accountant goes through daily receipts of the company, records them and passes them unto the appropriate personnel in the company for financial records.
He/she super-sees all accounts payable in the company’s business transactions and ensures that there are no errors in the records.
As the financial brain box of the organization, the Revenue Accountant compiles and inspects company financial statement at the end of every month and ensures that it is accurate and well detailed for comprehension.
Other tasks include analyzing all contracts and investments of the company, checking for loopholes that may result in a financial loss, and suggesting ways to avoid it.
He/she monitors and manages cash flow in the company expenditure and ensures a moderate circulation of cash to avoid over projection.
The Revenue Accountant brainstorms with other members of the accounting team to come up with the best financial plans/analysis and projections for the company.
Duties, Tasks, and Responsibilities
The job description of the Revenue Accountant includes the following list of duties, tasks, and responsibilities, which he/she may be required to perform:
- Constantly update tracking sheets for revenue
- Balance bank and company accounts
- Collect financial records and reports of various departments
- Monitor and manage clients’ accounts
- Liaise with other financial delegates in the company
- See to it that all payments are made on time
- Inspect balance sheet and correct errors where available
- Carryout business determinations for payments made outside company’s financial system
- Supervise financial audit and implement recommendations from audit
- Maintain accounting standards and style of the company
- Submit records of accounts reconciliations to management as stipulated
- Motivate other members of staff to work towards the attainment of company financial goals.
Requirements – Skills, Knowledge, and Abilities
A good Revenue Accountant must possess the following skills, knowledge, and abilities for competency:
- High knowledge of finance
- Ability to make decisions
- Ability to work independently
- Ability to keep clean records
- Ability to solve problems
- Ability to multitask
- Have good interpersonal skills
- Have good communication skills
- Have excellent knowledge of excel and other account balance software.