Accounts Receivable Management Training [O2C] – 17 Hours

Accounts Receivable Management [O2C] - 17 Hours

Accounts Receivable Management Training [O2C] - 17 Hours

Accounts Receivable

Accounts Receivable is the amount owed to a business that arises from another business which either offers loan products or services. It is also known as trade receivable. It also refers to the amount a company is entitled to receive as it has delivered a commodity. The remaining amount is called a credit balance.

Advantages of Accounts Receivable

Below mentioned are the benefits of account receivable:

It is essential to evaluate the financial conditions of business
It also enhances the economic and cash position of the corporation
It measures the potential of the company to deal with the liability for profit and loss
It also takes into account the turnover of the company
It helps to calculate the period for collection of the account balance
It helps in controlling cash by strengthening working capital
It also raises the potency of the accounts receivable management
It improves client care and correspondence
It also assists in reducing administrative prices and credit risk

Objectives of Accounts Receivable Training

Accounts Receivable Training aims to attain the distinct goals for the participants:
Understanding the account receivable system principles
Efficient management of employees with the basics of accounts receivables
Active work to achieve maximum profit targets
Practical handling of cash flows
Classify policies and procedures among all sectors
Inclusion of risk measures in these accounts analytically

Program Contents

What is Accounts Receivable Management
Managing the O1C cycle more effectively by the business
Receiving SO from different customers
Creating Invoice, Service/Goods delivery
Processing POD, AWB copy for 3 Way match to the customer
Receiving the payments
Application of cash to the open Invoices
Recording journals for revenue accruals, cash-in-transit
Accounting un-applied cash
Reconciliation of AR accounts, unapplied cash, sales, revenue accounts
Impact to the P&L, BS and working capital management of the business

Organizational Impact

The organization will gain through the development and application of capabilities and skills in key area of Accounts Receivable management; specific benefits will include:
Improved awareness of key business performance measures
Greater insights from Genius Dimensions best practice
Better integration of wider financial process, for example Sale order management and Customer payments
Raised levels of professionalism in the Accounts Receivable team
Improved human talent pool for internal succession planning

What Is the Out Come of the Program?

You will become a Subject Matter expert in O2C cycle right from Receiving the Order from the customer for supply of materials and services until payment of the Invoices, and steps to achieve a better working capital management, and improving the operating cash flow of the business.

The best practices sharing by Genius Team make you more dynamic and redefine your skills in this segment so that to diversify your profile.

GD enlightens you to become a dynamic professional conceptually and technically in implementing your functional skills at your work, and driving the process/project more effectively in compliance to the business requirements. In addition, a certificate is awarded after completion of the program.

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