An Account Head (AP/AR) manages a company's money flow by overseeing both
Accounts Payable (AP)
(paying vendors, invoices, expenses) and
Accounts Receivable (AR)
(collecting from customers, invoicing, managing debtors), ensuring accuracy, timely processing, strong vendor/client relations, cash flow optimization, and financial compliance through team leadership and process improvement for overall financial health. Key Responsibilities (AP & AR Combined)
Process Management
: Oversee daily operations for AP (invoices, payments, expense reports) and AR (customer invoicing, collections, cash application).
Financial Accuracy
: Ensure all transactions are recorded accurately, coded correctly, and reconciled regularly, adhering to policies and regulations.
Team Leadership
: Manage, train, and provide guidance to AP/AR staff, fostering a productive environment.
Cash Flow Optimization
: Implement efficient processes to improve payment cycles and manage working capital effectively.
Reporting & Analysis
: Prepare financial reports, assist with month-end closing, and support audits.
Relationship Management
: Build and maintain strong relationships with vendors, suppliers, and clients.
Process Improvement
: Identify and implement strategies to enhance efficiency and effectiveness of AP/AR functions.
Core AP Duties