Senior Accountant, Cents
AR & Revenue
$90-95k
+ Equity
Business management system for laundromats & dry cleaners
Open for applications
Business management system for laundromats & dry cleaners
21-100 employees
Open for applications
$90-95k
+ Equity
21-100 employees
Company mission
To provide laundromats and dry cleaners with a true, all-in-one business management system that empowers them to run their business more efficiently.
Role
Who you are
- Bachelor’s degree in Accounting, Finance, or a related field
- CPA or similar professional certification is a plus
- Minimum of 5 years of experience in accounts receivable, billing, or a related accounting role
- Experience with billing systems and accounting software (e.g., Maxio, Xero, Salesforce) is required. Implementation experience is preferred
- Proven experience with month-end and year-end closing processes, as well as financial reporting
- Strong understanding of accounting principles, particularly in AR and revenue recognition
- Advanced proficiency with accounting software and Microsoft Excel (pivot tables, VLOOKUP, etc.)
- Ability to manage multiple priorities and meet deadlines
- Strong attention to detail and accuracy in billing and AR transactions
- Excellent communication skills with the ability to handle customer inquiries and collaborate across teams
- Strong analytical and problem-solving skills
What the job involves
- The Senior Accountant (AR and Billing Specialist) will be responsible for overseeing the company’s accounts receivable (AR) and billing processes, ensuring that invoices are accurately generated, payments are promptly received, and outstanding accounts are efficiently managed
- This role involves managing the entire billing cycle, collaborating with sales and operations teams, and ensuring timely collections and accurate reporting of AR balances
- The Senior Accountant will also provide insights into cash flow management and assist with monthly and year-end closings
- Oversee and manage the AR process, including analyzing aging reports to identify at-risk accounts and coordinating with collections team to ensure proper treatment
- Prepare AR aging reports and provide regular updates to senior management on outstanding balances and cash flow projections
- Provide insights into AR performance and recommend strategies to optimize collections and reduce DSO (Days Sales Outstanding)
- Identify opportunities for process improvements in the AR and billing functions to enhance efficiency and accuracy
- Work with cross-functional teams to streamline billing workflows and automate routine tasks
- Implement best practices for credit management and collections processes
- Assist in the application of revenue recognition policies to ensure compliance with accounting standards (e.g. , ASC 606)
- Ensure that AR and billing-related transactions are accurately recorded during the month-end and year-end close processes
- Prepare monthly revenue journal entries in accordance with ASC 606Prepare reconciliations for AR and revenue accounts as part of the financial close
- Reconcile Stripe payouts, ensuring all transactions are properly recorded and discrepancies are resolved promptly
- Collaborate with auditors during the audit process and provide necessary documentation
Our take
Cents is a cloud-based software solution designed specifically for laundry businesses. The platform offers a range of tools and features that help laundry owners manage their operations more efficiently and effectively, saving them money and time to focus on offering a better service.
One of Cents' most interesting features is that it allows laundry business owners to track all forms of revenue, as well as access insights into their machines. Laundry attendants can run machines remotely which helps to provide a modern laundry experience for their customers.
As the most integrated laundry and dry cleaning business management system in the industry, Cents provides the scalability and flexibility needed for its clients to adapt to the ever-changing market conditions and demands. The company has experienced steady growth since its inception, and raised substantial funds to support further development.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Jul 2024
$40m
SERIES B
Oct 2021
$5m
SEED
Total funding: $45m
Company benefits
- Equity
- Unlimited PTO and paid holidays
- Remote-first with offices in New York City and San Francisco
- Health benefits, including medical, dental, vision, mental health support, parental leave, life and AD&D insurance, and disability
- 401(k)
- Work-from-home and commuter stipends
- Laundry reimbursements to support our customers’ businesses
- Comprehensive training, learning, and development programming
- Access to hundreds of discounts and rewards from renowned vendors including deals on health & wellness, travel, dining, auto insurance, and so much more!
Company HQ
SoHo, New York, NY
Leadership
Alexander Jekowsky
(Co-Founder & CEO)Previously founded the award-winning marketplace and payments platform, Ulyngo (now Modo Marketplace).
Gilli Cherrin
(Co-Founder & CPO)Previously worked at Houzz as a Product Strategy Manager and Senior Manager.
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