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Accounts Receivable Training

The Accounts Receivable Training course by Nuancedu provides a comprehensive understanding of the accounts receivable (AR) process,…

The Accounts Receivable Training course by Nuancedu provides a comprehensive understanding of the accounts receivable (AR) process, equipping professionals with the skills needed to manage incoming payments, maintain accurate financial records, and improve cash flow efficiency. This course covers AR principles, invoicing, collections, dispute resolution, and financial reporting, ensuring that participants can optimize the receivables process while maintaining strong customer relationships.

What Will You Learn?

  • ✔ Develop a thorough understanding of the accounts receivable lifecycle.
  • ✔ Learn best practices for managing customer invoicing and payments.
  • ✔ Gain expertise in credit control and collection strategies.
  • ✔ Understand financial reporting and reconciliation for accounts receivable.
  • ✔ Explore dispute resolution techniques and customer communication strategies.
  • ✔ Enhance efficiency with automation tools and digital payment solutions.
  • ✔ Ensure compliance with financial policies and regulatory requirements.

Course Curriculum

Introduction to Accounts Receivable
✔ Definition and importance of accounts receivable ✔ Role of AR in financial management and cash flow ✔ Key challenges in managing receivables

Invoicing and Billing Management
✔ Creating and processing customer invoices ✔ Understanding payment terms and conditions ✔ Managing recurring billing and contract invoicing

Credit Management and Customer Evaluation
✔ Assessing customer creditworthiness ✔ Setting credit limits and policies ✔ Managing credit risk to prevent bad debt

Collections and Payment Processing
✔ Collection techniques and follow-up strategies ✔ Handling overdue accounts and reducing delinquencies ✔ Payment methods: Checks, wire transfers, electronic payments

Dispute Resolution and Customer Communication
✔ Common reasons for payment disputes ✔ Effective communication strategies with customers ✔ Resolving disputes to maintain client relationships

AR Reconciliation and Financial Reporting
✔ Recording and tracking accounts receivable transactions ✔ Bank reconciliation and cash application ✔ Generating AR reports and financial analysis

AR Automation and Technology Integration
✔ Leveraging accounting software for AR management ✔ Implementing automation for invoicing and collections ✔ Integrating AR systems with enterprise resource planning (ERP) solutions

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