In today's global marketplace, competitive pressure and industry practice mandate that products and services be sold on a credit vs. cash-on delivery basis. This practice often produces a receivables asset that is one of the largest tangible assets on a company¡¦s balance sheet. Businesses are discovering that success truly lies on the proper management of receivables. Many firms are thus dedicating resources solely for this purpose. And people working on receivables are receiving significant recognition with increasing complexity at work.
This course is developed to build up expert knowledge and working skills on receivables management among the participants. Key areas of the course are -
1. Basics of Accounts Receivable
2. Receivables Administration and Management
3. IT Skills for Receivables Management
4. Managerial Reporting on Customers and Receivables
The course will provide an overview of the Receivable Management as a separate accounting information system. The participants will develop basic accounting knowledge required for understanding transaction recording. The course also focuses on the procedures of creating receivables - quoting, credit control, order processing and invoicing. There will be significant focus on receivables asset management areas such as portfolio strategies, collection process, deduction processing, account maintenance and payment processing. IT skills required for receivables would be discussed and participants will be trained on software for producing management reports.
This course is designed in such a way that participants ...Accounts
At the end of the course you will be a confident, skilful ...Accounts
Tally is a most powerful, yet very simple and easy, ...Accounts
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