Associate Accountant, Accounts Receivable

As an Associate Accountant in Accounts Receivable at Launch Potato, your responsibilities will include managing collections, preparing accurate monthly reconciliation reports, processing invoices, and ensuring timely payment application. You will play a key role in reducing delinquent days sales outstanding (DSO) and resolving customer disputes efficiently, all while maintaining clear communication with clients and other teams.

To qualify for the Associate Accountant, Accounts Receivable role at Launch Potato, candidates should possess at least two years of professional accounts receivable experience, proficiency in QuickBooks Online, and a minimum of an Associate’s degree in Accounting or a related field. Strong analytical problem-solving skills, communication abilities, and familiarity with tools like GSuite and Asana are also essential.

Success for the Associate Accountant, Accounts Receivable at Launch Potato is defined through achieving key outcomes such as delivering accurate monthly invoicing reconciliation reports, processing timely invoices, reducing DSO by 15%, and resolving customer disputes swiftly. Contribution to a positive team culture and excellent client relationships also play a vital role in measuring success.

In your role as an Associate Accountant, Accounts Receivable at Launch Potato, you will use several technical tools including QuickBooks Online for financial operations, advanced Excel functions for data analysis, and workplace tools such as GSuite, Asana, and Slack to effectively manage your tasks and improve collaboration with your team.

The salary range for the Associate Accountant, Accounts Receivable position at Launch Potato is between $60,000 to $70,000 per year, dependent on experience and qualifications. The compensation package also includes profit-sharing bonuses and a benefits plan tailored to support employee well-being and growth.

When discussing your experience managing accounts receivable, focus on specific roles and responsibilities you've had in previous positions. Highlight your ability to maintain accurate records, your familiarity with invoicing and collection processes, and any key accomplishments such as reducing DSO or improving cash flow.

In answering this question, share a structured approach you take towards overdue accounts, including steps like timely follow-up communications, determining the cause of delays, and creating payment plans if necessary. Emphasize your skills in negotiation, customer service, and maintaining professional relationships.

Discuss your proficiency with specific tools such as QuickBooks Online, Excel, and any project management software like GSuite or Asana. Mention examples of how you’ve used these tools to enhance productivity, accuracy, and reporting in your previous accounts receivable positions.

Explain your organizational processes for invoicing, such as maintaining current records of client agreements, leveraging technology for reminders, and setting personal deadlines ahead of the actual invoicing date. Stress the importance of communication with clients to clarify any changes in billing instructions.

Provide a specific example where you identified a dispute, your methods for researching the issue, and how you demonstrated empathy and problem-solving skills to achieve a resolution. Highlight the importance of maintaining professional communication throughout the process.

Discuss key metrics such as Days Sales Outstanding (DSO), the rate of overdue accounts, and collection effectiveness. Explain how you monitor these metrics to inform your strategies and contribute to the financial health of the organization.

Elaborate on your time management techniques, such as categorizing tasks by urgency and importance or using project management tools to set deadlines. Share any specific examples of how this approach has allowed you to balance competing priorities successfully.

Outline a few strategies you would implement for improving collection processes, such as automating reminders, enhancing follow-up procedures, or providing staff training. Discuss how you aim to foster client relationships while also striving for efficiency in collections.

Showcase your knowledge of Generally Accepted Accounting Principles (GAAP), specifically regarding revenue recognition and accrual accounting. Explain why understanding these principles is essential for accurate financial reporting and compliance.

Reflect on Launch Potato’s mission and values, sharing personal attributes that align with their commitment to a diverse and inclusive workplace. Mention experiences that demonstrate your collaborative spirit and adaptability in dynamic environments.