ACCOUNTS RECEIVABLE TRAINING COURSE
- Learn industry recommended accounts receivable procedures and best practices.
- Receive training from an accounts receivable professional with 30+ years of experience.
- Four ways to learn: public class, webinar, self-study, or on-site training.
- Public class and webinar limited to four students for maximum learning.
- Certificate issued on completion.
- Cost: Two-day class $1,399.00.
- Available discounts and grants.
What will I learn in the Accounts Receivable Training Course?
In module one, you will learn efficient accounts receivable management including billing, posting remittance information, monitoring payment patterns, and collecting delinquent accounts. Next, you will learn how to establish trade credit policies. You will then learn how to approve credit for established and new companies. You will learn how to review financial statements such as the income statement, the balance sheet, and the cash flow statement. The instructor will teach you how to do ratio analysis using fundamental metrics. You will learn how to prepare the credit file, set credit limits, the warning signs of credit distress to look for, and types of credit reports.
In module two, you will learn about invoices to include terms, due date, what should be on the invoice, and methods of receiving payment.
In module three, you will learn billing and collection methods, late fees, and collection techniques. The module wraps up with a discussion of accounts receivable monitoring and control.
In module four, you will learn about typical Accounts Receivable issues to include purchase orders, quality issues, bad debt reserves, and unauthorized deductions.
In module five, you will learn best practices for working with other departments, primarily the credit department.
In module six, you will learn customer relations best practices.
In module seven, your instructor will teach you how to protect the company’s interests by securing your position
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Accounts Receivable Training Course Outline
Module One: Managing Accounts Receivable and The Credit Approval Process
Module Two: Invoicing
Module Three: Collections
Module Four: Typical A/R Issues
Module Five: Working with Other Departments
Module Six: Working with Customers
Module Seven: Protecting the Company’s Interests
Module Eight: Emerging Technologies
Accounts Receivable Training Course Public Class and Webinar Schedule
- Monday and Tuesday, September 12 – 13, 2022
- Monday and Tuesday, October 3 – 4, 2022 Full
- Monday and Tuesday, November 14 – 15, 2022
- Monday and Tuesday, December 5 – 6, 2022
- Monday and Tuesday, January 9 – 10, 2023
- Monday and Tuesday, February 6 – 7, 2023
- Monday and Tuesday, March 6 – 7, 2023
- Monday and Tuesday, April 3 – 4, 2023
- Monday and Tuesday, May 8 – 9, 2023
- Monday and Tuesday, June 5 – 6, 2023
Scheduled dates don’t work for you? Schedule your own start date (subject to availability). Contact customer service to check date availability at info@academyofbusiness
Accounts Receivable Training Course CPE Credits Disclosure
Recommended CPE credit: 16
Recommended field of study: Financial Accounting
Program level: Intermediate.
Advance preparation: None
Additional disclosure information
Continued from above…
with risky customers using the letter of credit and taking a security interest. You will also learn about legal issues such as the Robinson – Hackman Act, antitrust laws, Equal Credit Opportunity Act, the Miller Act, and dealing with legal issues such as bankruptcy and out-of-court settlements.
In module eight, you will learn about the emerging technologies impacting the credit and collections department to include Evaluated Receipt Settlement, Artificial Intelligence (AI), Robotic Process Automation (RPA), and Application Program Interface (API).