Efficient accounts receivable practices contribute significantly to a company's liquidity, ensuring it has the necessary funds to meet its short-term obligations and invest in growth opportunities. By identifying and implementing industry-leading practices, businesses can streamline their receivables processes, reducing the time it takes to convert sales into cash and minimising the risk of late payments.
Understanding and adopting best practices in accounts receivable helps organisations enhance their overall financial management. Efficient invoicing, accurate record-keeping, and proactive credit management are key components of effective accounts receivable practices. Timely and precise invoicing facilitates prompt payment and establishes transparent communication with customers. Additionally, robust record-keeping ensures that financial transactions are well-documented and can be easily audited, contributing to regulatory compliance and financial transparency.
Ultimately, organisations that prioritise and implement best practices in their accounts receivable departments are better positioned for financial stability, sustained growth, and improved customer satisfaction.
During this course, you’ll learn:
This course is designed for anyone responsible for managing an accounts receivable department or requires further understanding when it comes to the best practices in accounts receivable. It would be most beneficial for:
This course uses a variety of adult learning styles to aid full understanding and comprehension. Participants will take part in interactive presentations to understand the best practices in accounts receivable and discuss the impact that amendments to processes may have on the wider business.
They will work together to uncover the best systems available to improve accounts receivable processes and mitigate risks for a more productive and money-saving organisation. They will also watch videos showing the importance of accounts receivable on business sustainability and hold trainer-led discussions on how their processes could be improved to benefit the business as a whole.
Section 1
Accounts Receivable Processes
Section 2
How Accounts Receivable Affects the Wider Business
Section 3
Understanding Customers & Trading terms
Section 4
Developing Effective Strategies to Maximise Return
Section 5
Systems, Tools & Techniques
Section 6
Business Sustainability Practices
Section 7
Auditing & Receivables Ledgers
Upon successful completion of this training course, delegates will be awarded a Holistique Training Certificate of Completion. For those who attend and complete the online training course, a Holistique Training e-Certificate will be provided.
Holistique Training Certificates are accredited by the British Accreditation Council (BAC) and The CPD Certification Service (CPD), and are certified under ISO 9001, ISO 21001, and ISO 29993 standards.
CPD credits for this course are granted by our Certificates and will be reflected on the Holistique Training Certificate of Completion. In accordance with the standards of The CPD Certification Service, one CPD credit is awarded per hour of course attendance. A maximum of 50 CPD credits can be claimed for any single course we currently offer.