Accounts Receivable Salary Overview
Salaries in the Accounts Receivable field are influenced by factors such as years of experience, professional certifications, geographic location, and the industry in which one works.
National Average: $40,000 - $70,000 per year
Experience-Based Salary Ranges
Entry Level (0-2 years)
$40,000 - $50,000
Mid Level (3-5 years)
$50,000 - $60,000
Senior Level (6-9 years)
$60,000 - $75,000
Manager/Director (10+ years)
$75,000 - $90,000+
Entry Level (0-2 years)
- Basic data entry and invoice processing.
- Communicating with clients to follow up on outstanding invoices.
- Assisting with account reconciliation.
- Learning company policies and procedures.
Mid Level (3-5 years)
- Managing a portfolio of client accounts.
- Handling complex billing issues and disputes.
- Implementing process improvements.
- Training and mentoring junior staff.
Senior Level (6-9 years)
- Supervising accounts receivable team.
- Developing advanced reporting for management.
- Strategic decision-making regarding credit policies.
- Leading financial audits and compliance checks.
Manager/Director (10+ years)
- Overseeing entire accounts receivable department.
- Setting departmental goals and strategies.
- Collaborating with senior management on financial planning.
- Managing high-level client relationships and negotiations.
Regional Salary Variations
Geography significantly impacts salaries in the Accounts Receivable field, with major metropolitan areas offering higher compensation due to the cost of living and demand for skilled professionals.
New York City
$50,000 - $85,000
San Francisco
$55,000 - $90,000
Chicago
$45,000 - $75,000
Los Angeles
$50,000 - $80,000
Dallas
$45,000 - $70,000
Atlanta
$40,000 - $65,000
Phoenix
$40,000 - $65,000
Remote (US-based)
$45,000 - $75,000
Cost of Living Factors
- Higher salaries in urban areas reflect the higher cost of living.
- Remote work opportunities may offer competitive salaries.
- Cost of living adjustments can affect take-home pay.
- Local economic conditions influence salary ranges.
Industry Salary Comparison
Accounts Receivable roles can vary significantly in pay depending on the industry. Financial services and technology often offer higher salaries, while non-profit and small businesses may offer lower ranges but with different non-monetary benefits.
| Industry | Salary Range | Bonus/Equity | Growth Potential |
|---|---|---|---|
| Financial Services | $50,000 - $85,000 | High | Very Good |
| Healthcare | $45,000 - $75,000 | Moderate | Good |
| Technology | $55,000 - $90,000 | High | Very Good |
| Manufacturing | $40,000 - $70,000 | Low | Stable |
| Retail | $40,000 - $65,000 | Low | Limited |
Job Outlook and Career Growth
As businesses increasingly focus on maintaining healthy cash flows, the demand for skilled Accounts Receivable professionals is expected to grow steadily. The role is evolving to include more analytical and strategic responsibilities.
- Increasing demand for financial accountability.
- Technology advancements in billing and invoicing.
- Expansion of global markets requiring multilingual skills.
Salary Negotiation Tips
Effectively negotiating your salary requires preparation and confidence. Here are some strategies to help you secure the best possible outcome.
Preparation Strategies
-
✓
Research Market Rates
Understand the typical salary range for your position and location.
-
✓
Assess Your Skills
Identify your unique skills and experiences that add value.
-
✓
Practice Your Pitch
Rehearse your negotiation points to build confidence.
-
✓
Prepare Evidence
Gather documentation to support your salary request.
During Negotiation
-
✓
Be Confident
Present your case assertively and professionally.
-
✓
Listen Actively
Understand the employer's perspective and constraints.
-
✓
Ask Questions
Clarify any unclear aspects of the offer.
-
✓
Consider Total Compensation
Evaluate benefits and perks, not just salary.
-
✓
Be Ready to Walk Away
Know your limits and be willing to decline if necessary.