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
