Seeking Advice for Managing an Overwhelming Workload
Hello everyone,
I’m currently juggling quite a few responsibilities as the sole team member in our company’s “accounting” department. Essentially, my role covers everything that doesn’t require manual labor. Annually, I’m responsible for managing approximately $12 million in accounts receivable and $10 million in accounts payable. Within the accounts payable, there are about ten credit cards that collectively amount to around $100,000 each month. Additionally, I manage accounts payable for nearly 200 vendors, mostly on net 30 terms, although the largest ones are on Net 10th, which is a relief. Besides these tasks, I also handle all of our insurance requirements, which are particularly complex in this industry.
I recently transitioned to working remotely, and it sometimes feels like everything is falling apart. Have any of you been in a similar position? I would appreciate hearing about your experiences and any organizational tips you might have.
On a personal note, although I’m generally satisfied with my salary, I’m curious about what others might expect in terms of compensation for a role like mine.
Thank you!
One response
Transitioning to remote work can be challenging, especially when you have a wide range of responsibilities like managing accounts receivable, accounts payable, and insurance needs. Here’s a detailed response to help you manage your workload more effectively and understand compensation expectations:
Organizational Tips
1. Utilize Technology for Efficiency
2. Schedule and Prioritize Tasks
3. Documentation & Standard Operating Procedures (SOPs)
4. Regular Reporting & Reviews
5. Leverage Remote Work Best Practices
Compensation Considerations
Factors to Consider
Resources for Salary Insights