Accounting Processing Best Practices

Getting Paid Faster

Course Overview
Most companies have at least a few customers who don’t pay them in a timely manner. Unfortunately, for some the problem is worse. They have many customers who don’t pay them as quickly as they’d like. While it is definitely true that some of these organizations purposely drag their feet when it comes to the timing of payments, that is not always the case. In fact, many times the delay is due to something the supplier did (or didn’t do) during the billing process. These are simply practices that could be easily rectified. This course contains the standard best practices every organization should use when trying to get paid in a timely manner as well as a look at the common mistakes that delay payments. The information on these inopportune slip-ups comes from interviews with accounts payable professionals who shared their frustrations over these easily-fixable oversights.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify common mistakes in your billing process that delay payments
  • Choose a clean billing process that produces error-free invoices
  • Determine an effective strategy ensuring you have all needed information on your invoices
  • Identify practices that unintentionally cause delays in payment
  • Select an effective strategy for creating a better relationship with your customers' personnel who are responsible for making payments


  • Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    Mary S. Schaeffer is editorial director of CRYSTALLUS, Inc., which publishes the Accounts Payable Now & Tomorrow newsletter and the e-zine e-AP news. After working in the finance and treasury departments of several large companies for 15 years, she turned to writing and consulting full time. She is the author of 17 business books, including 101 Best Practices for Accounts Payable, is a nationally recognized accounts payable expert and consultant and a frequent speaker at seminars, conferences and online events. She is the creator of the Institute of Financial Operations Accounts Payable Innovation Certificate program and several self-study courses for CPAs. Mary Schaeffer has a B.S. in Math from York College and a M.B.A. in Finance from New York University. She is a member of the Authors Guild and the New York Financial Writers' Association.

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    Price (USD)

    Standard: $24.95

    Details

    Course Code : 99SCH13-tx

    Release Date : 03/15/2018
    Expire Date : 03/15/2022
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Accounting Processing Best Practices

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