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Fundamentals Of Mutual Funds
Successful Living Money matters Part-4
AUGUST, 2024
Kolkata, West Bengal, India( View map )
training@wtgconsultants.in

This Training Session is Closed

Closed
Training Program

Accounts receivable strategy

20 July, 2024
Training Price:
99 /-
Advance
Level
English
Language
7
Modules
Online
Mode
2 Hrs
Duration

Training Overview

By understanding accounts receivable processes, trainees can improve efficiency in collecting payments. This leads to better cash flow and reduces the risk of bad debt.  Training can cover areas like credit risk assessment, setting clear payment terms, and implementing effective collection strategies.


Training Eligibility

B.Com Graduate/perusing

Training Objectives

By understanding accounts receivable processes, trainees can improve efficiency in collecting payments. This leads to better cash flow and reduces the risk of bad debt. Training can cover areas like credit risk assessment, setting clear payment terms, and implementing effective collection strategies.

Training improves communication for effective collections while maintaining customer relationships.

Training on record-keeping, invoicing, and data entry minimizes errors and safeguards financial health.

Training ensures staff follow data privacy and collection rules.

Why Should Attend

Boost revenue

by collecting payments faster and minimizing bad debt

Become a Valuable Asset

Strong AR skills are valuable

Reduce Stress and Errors

Training clarifies tasks, reducing stress and errors.

Advance Your Career

AR knowledge shows initiative and positions you for growth

Training Modules

  • Definition of Accounts Receivable (AR) and its importance in business.
  • The AR cycle: From sales order to cash collection.
  • Understanding customer credit policies and terms.
  • Internal controls for AR management.

  • Setting up and maintaining customer accounts in the accounting system.
  • Customer creditworthiness assessment and assigning credit limits.
  • Monitoring customer activity and identifying potential collection issues.

  • Processing sales orders and generating accurate invoices.
  • Recording sales transactions in the general ledger.
  • Understanding different types of sales transactions (e.g., returns, discounts).

  • Recording customer payments (cash, check, electronic).
  • Applying payments to correct invoices and customer accounts.
  • Reconciling bank statements with AR records.

  • The process of collecting outstanding invoices.
  • Generating and issuing statements and dunning letters.
  • Techniques for effective communication with delinquent customers.

  • Understanding key AR reports (e.g., aging reports, collection performance).
  • Using reports to identify trends and potential problems.
  • Analyzing AR data to improve collection efficiency.

  • Utilizing accounting software for AR tasks.
  • Exploring online payment options and electronic invoicing.
  • Utilizing data analytics to proactively manage AR.

WAYTOGO Pvt Ltd is an organization providing Recruitment solutions and a wide suite of specialist services to our clients- from executive search, selection, and specialist staffing to training, consulting, and outsourcing in Banking, Insurance, other financial Services, Telecom and Manufacturing domains.

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