AR/AP Accountant in Toronto, ON

AR/AP Accountant Job Description

An AR/AP Accountant in Canada is a critical leader responsible for overseeing both accounts receivable and accounts payable functions, playing a pivotal role in maintaining efficient cash flow, financial accuracy, and strong stakeholder relationships. This position requires a deep understanding of accounting principles, financial statement analysis, and risk management across both revenue and expenditure cycles. Top candidates will possess a solid track record in customer service, collections, dispute resolution, and vendor relations, demonstrating an ability to work well under pressure and lead a team. A bachelor’s degree in accounting or finance is expected, and a professional certification such as the Canadian Chartered Professional Accountant (CPA) can be a significant asset.

Typical AR/AP accountant duties:

Oversee all daily operations of both the Accounts Receivable and Accounts Payable departments.

Develop, implement, and maintain efficient AR/AP policies, procedures, and internal controls.

Manage customer invoicing, payment application, and collection efforts to optimize cash inflow.

Manage vendor invoice processing, payment disburSEMents, and vendor statement reconciliation to ensure timely payments.

Lead and mentor the AR/AP team, fostering a culture of accuracy, efficiency, and continuous improvement.

Monitor accounts receivable aging and accounts payable aging, providing regular reports and analysis to management.

Resolve complex customer payment issues, vendor disputes, and reconciliation discrepancies.

Ensure compliance with company policies, Canadian accounting standards, and relevant tax regulations (e.g., GST/HST).

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Salary for AR/AP Accountant in Toronto, ON

72900 - 106650

Low

72900

The candidate is new to the role or has limited experience and is still developing core skills.

Mid

93420

The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.

High

106650

The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

Projected salaries for related positions

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High

Director of Payroll

125820

141750

160110

Payroll Manager

96390

117180

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73980

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98280

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63990

75870

83970

Credit Manager

90720

107730

126360

Collections/Credit Analyst

59670

70740

83160

Collections/Credit Specialist

56700

64800

72630

Bookkeeper

62370

76950

86130

AR/AP Clerk

52380

61830

68850

Accounting Clerk

51570

58590

65070

Billing Clerk

49410

55890

65070

Inventory Analyst

57510

71010

82620

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