- Tracking cash flow and creating reports on patterns in sales volume, client payments, and other financial health indicators.
- Ensuring that all accounts are paid in full and that any outstanding balances are appropriately acknowledged by updating billing and collection records.
- Checking bank statements and account ledgers for potential accounting record mistakes.
- Pursuing legal action to recover debts owed to firms, such as starting foreclosure procedures when debts remain unpaid for an extended period of time or collecting on court judgements through property liens or garnishment.
- Researching instances of tax fraud or noncompliance with tax rules in order to recover tax money owed to the federal or state governments.
- Examining businesses for tax fraud or violation of tax regulations.
- Figuring out taxes due based on information provided by taxpayers about their income or real estate transactions.
- verifying that a company's books are correct in showing its taxable income.
- Assessing whether companies have complied with regulations requiring them to collect state sales tax from clients making purchases at their stores.
Requirements
- A minimum of a high school diploma or GED is required to become a revenue officer.
- The revenue officer will learn about the company’s policies and procedures, including how to use the company’s software and computer systems.
- Revenue officers typically receive on-the-job training after they are hired.
- While not a requirement, many employers will prefer candidates to have a certification proving their skills and knowledge.