Getting Paid Faster

  • Credits: 1
  • Format: Self-Study eBook
  • Field of Study: Accounting
  • Author/Speaker: Mary Schaeffer
Course ID: Advanced Preparation: Experience Level:
MS-112 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2020 Basic Understanding of Accountancy Self-Study eBook
COURSE DESCRIPTION

Most companies have at least a few customers who don’t pay them on time. 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 simple practices that could be easily rectified. This course contains the standard best practices every organization should use when trying to get paid on time as well as a look at the common mistakes that end in delaying 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 reading the course material, you will be able to:

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

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA