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Accounts Receivable : A Complete Guide to Managing Your Finances Effectively

Accredited course | Virtual Live Classroom | 0% Interest Free payments available


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Summary

Price
Save 35%
£450 inc VAT (was £700)
Offer ends 29 February 2024
Study method
Online + live classes
Duration
1 day · Full-time
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

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Overview

The Accounts Receivable course provides individuals with practical training and experience in managing the Accounts Receivable module. The course is designed for end-users and covers various day-to-day tasks, including setting up customer accounts, raising invoices and credit notes, applying cash, and running standard reports. The program emphasises the importance of managing Accounts Receivable effectively to maintain a positive cash flow for the organisation.

Participants will learn essential skills and techniques for managing customer accounts, tracking and resolving outstanding balances, and optimising cash flow. Overall, this course is ideal for anyone who wants to gain practical experience and knowledge of working with Accounts Receivable processes and improve their ability to manage the organisation's cash flow.

Some recent reviews about our Accounts Payable Training:

  • ''The objectives were very clear and straightforward. Well done to the trainer, she proved to be an exceptional lecturer and mentor.'' - Joseph P

Description

Key points which will be covered:

  • The accounts receivable cycle
  • The accounts receivable best practices
  • Restrict fraudulent practices in your accounts receivable department
  • How to increase your turnover
  • The importance of cash flow
  • Techniques to get money into your business quicker
  • Cash vs credit customers
  • The working capital cycle
  • How to calculate a bad debt provision

Who is this course for?

This course is designed for individuals who are interested in learning how to manage Accounts Receivable processes effectively. Specifically, this course is ideal for individuals who are responsible for managing the financial health of an organisation, such as Accounts Receivable clerks, managers, and supervisors.

Additionally, business owners, finance professionals, and anyone interested in improving their financial management skills can benefit from this course. The course is suitable for both beginners and individuals with some experience in Accounts Receivable management.

It provides practical, hands-on training and covers a wide range of essential topics, including customer account setup, invoicing, credit notes, cash application, and standard reporting. Overall, this course is an excellent opportunity for individuals who want to enhance their knowledge and skills in Accounts Receivable management and contribute to improving the financial health of their organisation.

Requirements

There are no prerequisites or entry requirements, as long as you want to get more experience in the field of Accounts Receivable, this is the right place for you.

Career path

Completing this course can open up various career paths in finance and accounting. Individuals can pursue careers as Accounts Receivable clerks, managers, and supervisors.

Questions and answers

Certificates

Certificate of completion

Digital certificate - Included

Reviews

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.