Accounts Receivable
About Accounts Receivable
Accounts
receivable refers to the amount that a company is entitled to receive
from its customers for goods or services sold on credit. In other words,
it is the amount that your customer owes you in respect of contractual
obligations.
Accounts receivables are also known as debtors, trade debtors, bills receivable, or trade receivables.
Why is Accounts Receivable important?
Management
of receivables refers to planning and controlling debt owed to the
customer on account of credit sales. In simple words, the successful
closure of your order to sales is determined only when you convert your
sales into cash. Till your sales are converted into cash, you need to
manage ‘how much you need to receive, from whom, and when.
• Improve your cash position.
• Increase control over cash and working capital.
• Increase accounts receivable management efficiency.
• Improve customer communication.
• Improve customer service and satisfaction.
• Reduce administrative costs.
• Shorten the sales to the payment cycle.
Who should take the Accounts Receivable Exam?
• Accounting or Finance professionals
• Business owners
• Entrepreneurs
• Anyone who wants to assess their Accounts Receivable skills
• Accounting or Finance managers and senior executives
• Accounting or Finance consultants
• Professionals working in outsourced companies responsible for Accounts Receivable
• Any professional with skills and knowledge of Accounts Receivable
• Anyone interested in Accounts Receivable
• Anyone who wants to learn Accounts Receivable
• Students
Accounts Receivable Certification Course Outline
1. Accounting Basics
2. Accounting Documents
3. Financial Accounting
4. Accounts Receivable