Key accountabilities

Process and record all incoming payments (Cash and Checks) receipts from treasury in a timely manner.

Accept and process online payments received through various methods such as electronic funds transfers and credit cards.

Verify the payment details to ensure they match the customer’s outstanding invoices, including the amount, invoice number, and customer details.

Prepare bank deposit slips accurately, listing all checks to be deposited along with their amounts.

Monitor the status of deposited checks to ensure they clear the bank. Follow up on any checks that are returned or bounced due to insufficient funds or other issues.

Ensure that all check transactions are documented and traceable for internal and external audits.

Regularly reconcile the bank statements with the accounts receivable records to ensure all check deposits are accurately recorded and accounted for.

Issue and book credit memos or refunds as needed, ensuring that these transactions are properly authorized and documented.

Perform regular reconciliation of the accounts receivable ledger with the general ledger to ensure that all transactions are accurately recorded and balanced.

Handle partial payments by updating the balance due and ensuring that collection team are notified of any remaining amounts to inform customers.

Ensure all e-invoices meet local tax authority requirements, including Serial number, format, content, and digital signature specifications to maintain compliance to guidelines set by the Egyptian Tax Authority.

Ensure that VAT is accurately calculated and applied to all invoices issued to customers, in accordance with local VAT rates and regulations.

Prepare daily reports summarizing all cash receipts, including checks, electronic payments, and cash, to provide an overview of daily cash flow.

Generate Monthly AR Aging Report to monitor outstanding balances and identify overdue accounts.