MANAGING AND ORGANIZING ACCOUNT RECEIVABLES AND ACCOUNT PAYABLES

Content

Accounting Essentials for Accounts Payable and Receivable

• Accounts Terminologies
• General Ledger and Sub-Ledger
• Preparing for Month-End Close and Accruals

Credit Policies Management

• Credit Department Responsibility
• Factors affecting Credit Policies
• The Five Cs of Credit
• Non-Financial Factors affecting Credit Decision
• Re-evaluate Existing Accounts
• Setting the Credit Limit
• Meeting the Needs of the Customer

The Billing Process

• Efficient Billing Process means Faster Collection
• Preventing the Fatal Mistake
• The use of Technology
• Impact of Up-Front Operations on Billing
• Best Practices in Billing

Accounts Payable Process and Best Practices

• Invoice Handling and Routing
• Methods of Payment Processing
• Maintaining the Vendor Master File
• Pros and Cons of Early or Late payments
• Electronic Payment Options
• Evaluating Early Payment Discount
• Travel and Entertainment
• Procurement Cards

Debt Collection Strategies

• Tips, Techniques and Guidelines for faster Collection
• Importance of Setting a Collection Policy
• Using different Approaches in Collection
• Strategies in Dispute Management
• Best Practices in Collection

FOR WHOM: Credit Managers, AR and AP Staff, Billing and Collection Clerks, Accountants, Auditors, Managers of both Accounts Payable & Accounts Receivable Departments and others who perform related functions.

DATE:          7th – 9th January, 2024

                       21st – 23rd August, 2024