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Accounts Receivable vs Credit Control

Forums › ACCA Forums › General ACCA Forums › Accounts Receivable vs Credit Control

  • This topic has 2 replies, 3 voices, and was last updated 11 years ago by carl29.
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  • February 4, 2014 at 11:40 am #155061
    tyc7700
    Member
    • Topics: 7
    • Replies: 58
    • ☆☆

    Hi

    In terms of job scope, any difference on the above ?

    February 4, 2014 at 1:57 pm #155086
    ilham
    Member
    • Topics: 3
    • Replies: 23
    • ☆

    They are both the same. But sometimes you might come across a credit control position whereby you don’t raise the sales invoices. A separate department does this. In theory you can raise the sales invoices as well as collecting the cash. It really depends how big the company is.

    I would go for jobs that offers both that way you have experience to deal with both.

    February 5, 2014 at 2:21 pm #155231
    carl29
    Member
    • Topics: 14
    • Replies: 245
    • ☆☆☆

    I dont agree they are the same

    Quite often, in my experience, a credit controller will be focused and targetted on ensuring that cash is received for outstanding invoices that are due, Accounts receivable will be responsible for raising these invoices and maintaining the receivables ledger

    Quite often , the 2 roles will be separate, but maybe combined in smaller companies. I think for the purposes of a job spec, you need to be clear what the responsibilites for the rolle will be, as they can be very different jobs.

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