Online Accounts Payable and Receivable Certificate Course Australia

Whether you want to improve your career prospects, pursue a career in the accounting industry, manage your own business’s invoices or start a bookkeeping business – this course delivers.

The Certificate of Accounts Payable and Receivable is an online professional development program that will provide you with the skills and knowledge required to maintain accounts payable and accounts receivable records, including processing payments to creditors and handling overdue accounts receivable.

On completion of this online accounts payable course, you will feel confident to manage the entire accounts payable and receivable process to meet legislative and organisational requirements.

Printed learning materials are available for purchase for this course and can be ordered during enrolment.

Course Structure

Unit - Certificate of Accounts Payable and Receivable

Unit 1 – Process financial transactions

Identify errors in source documents
POS end of day settlement report
Adjustment notes and credit notes
Invoices and tax invoices
Checking source documents
Enter transactions in journal system
Double entry accounting
Cash transactions
Cash receipts journal
Cash payments journal
Accounting principles
Entering a transaction in a manual system
Discrepancies between cash journals and bank statements
Bank charges and interest
Adjusting the bank statement
Minimising discrepancies
Reconciliations and reports
Common errors that cause discrepancies
Journal entries
The rules
Debit and credit formula
Prepare schedules of financial transactions
Producing a reconciliation report
Reconcile schedules with general ledger
Reconcile accounts in general ledger
Rectify original journal entry
Prepare reconciliation reports from cash journals to cash receipts
Bank reconciliation
Refer to discrepancies
Example trial balance
Maintaining general ledger
Overdue account identification
Collection procedures
Credit terms
Investigate customer records
Review credit terms
Relevant legislation and requirements
GST calculation
The cash system
Amendments and authorisation
Chart of accounts
Outstanding payment

Unit 2 – Manage overdue customer accounts

Default terms
Doubtful or bad debts
Overdue account reporting
Credit procedures
Internal escalation procedures
Consumer credit code
Establish customer contact
Resolve outstanding payment
Have detailed facts in front of you
Collection procedure flowchart
Telephone technique
Establish rapport with customer
Negotiating payments
Resolving issues
Consumer credit note
Contract law
Advise customer of legal action
Assess debtor’s response
Resolution techniques
Credit policy
Record details of customer contact
Monitor customer agreements
Identify bad debt
Breaches of agreements
Debt collection agencies
Legal action
Credit listing
Debt recovery codes
Escalate / refer outstanding payments
Product return process
Limits of delegated authority

Estimated Duration

30 hours

Course Delivery and Start

Start anytime, self-paced and 100% online

Assessment

Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.

Career Outcomes

Entry-level Accounts Positions
Office Administrator
Accounts Payable Clerk
Accounts Receivable Clerk

I found the course content easy to follow, and the tutor check-in was always timely and appreciated.