Monitor the money a company receives for its products or services.
What does a Revenue Accountant do?
In business as in life, most things are give and take. For Revenue Accountants, however, it’s all take.
That is, as a Revenue Accountant, it’s your job to manage and monitor the money that’s collected from your company’s clients. While some Accountants are concerned with money that’s going out, you’re concerned primarily with money that’s coming in.
Maybe you work for a cable company that bills its customers for cable TV. Maybe you work for a university that charges its students tuition. Or maybe you work for a retailer that sells stuff to shoppers in stores. Regardless, the No. 1 priority of a Revenue Accountant is making sure your company gets paid.
To do that, you spend your days as a Revenue Accountant following – and chasing – money trails. When your company sells products or services, you collect receipts in order to record what’s been paid for and what hasn’t. When payment’s owed, you oversee the process of collecting it. And when it’s received, you document it – in the general ledger, as well as in monthly financial statements that are shared with Managers and stakeholders.
Typically a senior-level Accountant, you don’t just manage money that your company’s owed; you also manage other Accountants, delegating tasks, supervising procedures and ensuring quality.
Thanks to your intimate knowledge of your company’s finances, you also work with colleagues outside the accounting department. For instance, you work closely with sales and marketing personnel to advise them on strategies that will increase overall revenue. In that way, you’re as much a moneymaker as you are a money-taker.