Accounts Receivable Specialist: history and fun facts
Everything a curious kid might want to know about this job.
Through history
- 📜
Long ago
People kept track of who owed what by writing notes on clay tablets and paper. Careful record keeping has helped trade grow for a very long time.
Tools of the trade
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Computer spreadsheet
This is a computer list with rows and columns. It helps the specialist see who has paid and who still needs to pay.
A day in the job
- 9:00 AMThe specialist opens the computer list and checks which payments are due today. Then they start sending friendly reminders.
Words to know
- Receivable
- Receivable means money that is owed to your business and is on its way to you. Accounts receivable is a list of all those promised payments.
Quiz time
An invoice is a paper that asks someone to pay for something they bought.
A business can run out of money even when customers owe it lots of money.
Only children can do the job of an Accounts Receivable Specialist.