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Accounts Receivable Management: Optimizing Credit and Collections

Accounts Receivable Management: Optimizing Credit and Collections

By John Academy

4.3(43)
  • 30 Day Money Back Guarantee
  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • On-Demand course

  • Intermediate level

Description

Welcome to Accounts Receivable Management: Optimizing Credit and Collections. In this course, you'll learn:

  1. 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.

  1. 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.

  1. 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.

  1. Receivables Collection Strategies:Techniques for optimizing collection processes.Effective communication and negotiation skills for collections.Developing and implementing collection policies to minimize overdue accounts.

  1. Cash Application and Reconciliation:Streamlining cash application processes for efficiency.Reconciliation methods to ensure accuracy in financial records.Addressing discrepancies and managing unapplied cash.

  1. 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.

Course Content

  1. Module 1: Introduction to Accounts Receivable Management
  2. Module 2: Credit Policies and Procedures
  3. Module 3: Billing and Invoicing
  4. Module 4: Receivables Collection Strategies
  5. Module 5: Cash Application and Reconciliation
  6. Module 6: Accounts Receivable Technologies and Trends

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