Booking options
£24.99
£24.99
On-Demand course
Intermediate level
Welcome to Accounts Receivable Management: Optimizing Credit and Collections. In this course, you'll learn:
Introduction to Accounts Receivable Management:Overview of accounts receivable and its importance in financial management.Role of accounts receivable in the working capital cycle.Fundamental principles and concepts in managing receivables.
Credit Policies and Procedures:Development and implementation of credit policies.Assessment of creditworthiness and risk.Monitoring and adjusting credit terms based on customer behavior and market conditions.
Billing and Invoicing:Best practices in billing and invoicing to enhance accuracy and timeliness.Strategies for preventing billing disputes and customer inquiries.Integration of billing processes with overall receivables management.
Receivables Collection Strategies:Techniques for optimizing collection processes.Effective communication and negotiation skills for collections.Developing and implementing collection policies to minimize overdue accounts.
Cash Application and Reconciliation:Streamlining cash application processes for efficiency.Reconciliation methods to ensure accuracy in financial records.Addressing discrepancies and managing unapplied cash.
Accounts Receivable Technologies and Trends:Overview of technological solutions for accounts receivable management.Exploration of automation tools and software for credit and collections.Emerging trends in accounts receivable technology and their impact on the industry.