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Want to be a part of a team revolutionizing and leading an entire industry with no real competition? The laundry industry is a $40+ billion dollar market, and the Cents platform is making it easier for laundromats, dry cleaners, and all garment care businesses to grow, manage, and understand their business. Backed by top-tier investors like Bessemer, Camber Creek, and Tiger Global, Cents is one of the fastest-growing vertical SaaS companies in the USA, and we’re just getting started. Already profitable and growing incredibly quickly each year, we have entered the absolute best stage of being a startup. 

About Cents Cents is a New York-based technology company passionate about transforming the laundry industry and dedicated to enabling new ways of working, earning, and living. Cents is modernizing garment care businesses by providing an all-in-one, business-in-a-box platform to help operators start, manage, and grow their businesses. By building a market-leading SaaS product for this industry, we aim to revolutionize the industry through our suite of software (Cents Point of Sale) and hardware (Pulse, Penny, and Laundroworks) products.

Our team is full of passionate technology experts obsessed with supporting and empowering SMBs. We feel the unique responsibility and opportunity we have to elevate an industry. We’re adding great talent to help achieve this mission, and that’s where you come in!

About the Role 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.

Accounts Receivable Management

• 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.

Revenue Recognition

• Assist in the application of revenue recognition policies to ensure compliance with accounting standards (e.g., ASC 606).

Month-End and Year-End Closing

• 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.

Qualifications

• 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.

Skills & Competencies

• 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.