- Manage internal and external audits of accounts payable functions.
- Improve vendor payment terms to optimize cash flow.
- Conduct performance evaluations for accounts payable staff.
- Monitor the aging report to ensure timely payment of invoices.
- Develop and implement a process for handling disputed invoices.
Performance Goals and Objectives Examples
Accounts Payable Manager: Performance Goals
Accounts Payable Specialist: Performance Goals
- Ensure compliance with company policies and procedures.
- Assist in the month-end close process related to accounts payable.
- Maintain confidentiality of sensitive information related to accounts payable.
- Respond promptly to vendor inquiries regarding payment status.
- Manage the accounts payable mailbox, ensuring timely responses to inquiries.
Accounts Payable Supervisor: Performance Goals
- Ensure compliance with internal control procedures.
- Develop and maintain policies and procedures for accounts payable operations.
- Train new accounts payable staff members.
- Implement automated invoice processing systems.
- Continuously monitor and review vendor contracts.
Accounts Receivable Analyst: Performance Goals
- Analyze customer creditworthiness and recommend changes to credit terms.
- Prepare and distribute monthly accounts receivable aging reports.
- Ensure compliance with accounting principles, company policies, and legal regulations related to accounts receivable.
- Monitor cash receipts from customers and ensure proper allocation to customer accounts.
- Develop metrics to measure the effectiveness of accounts receivable processes.
Accounts Receivable Clerk: Performance Goals
- Identify inefficiencies in current processes and suggest improvements.
- Investigate suspicious or fraudulent activity related to accounts receivable.
- Develop relationships with key customers to ensure timely payments.
- Establish clear guidelines for handling delinquent accounts.
- Monitor compliance with invoicing policies and procedures.
Accounts Receivable Coordinator: Performance Goals
- Provide exceptional customer service and support to customers.
- Utilize software tools and systems to streamline AR processes.
- Provide training and support to other team members as needed.
- Provide regular reports on AR performance metrics to management.
- Coordinate with external auditors during audits of AR accounts.
Accounts Receivable Manager: Performance Goals
- Reduce the number of accounts over 90 days past due by 20%.
- Set achievable monthly collection goals for individual team members.
- Develop a strategy for recovering bad debt and implementing it within six months.
- Ensure that all invoices are sent out in a timely manner, no later than five days after goods or services are provided.
- Implement a process for monitoring and collecting on returned checks within two weeks of receipt.
Accounts Receivable Specialist: Performance Goals
- Investigate and resolve payment disputes in a timely manner.
- Develop and implement strategies to improve collections performance.
- Stay up-to-date on industry regulations related to accounts receivable management.
- Collaborate with sales teams to identify opportunities for increased revenue.
- Streamline invoicing processes to reduce errors and increase efficiency.
Accounts Receivable Supervisor: Performance Goals
- Ensure timely invoicing of clients.
- Implement collection goals for the team.
- Develop and maintain policies for late payments.
- Expand department capacity to handle increased workload.
- Establish benchmarks for accounts receivable performance.
Accuracy: Performance Goals
- Use tools and resources to double-check calculations and figures.
- Maintain updated and accurate records of all transactions.
- Take full responsibility for errors and make necessary corrections.
- Collaborate with team members to identify areas for improvement.
- Use a systematic approach to problem-solving, ensuring accurate solutions.