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.
Course Structure
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
Study Hours
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.
Testimonials
Great! So great I enrolled in another course with AOC
J. Walsh, Swanhaven, NSW | Certificate of Accounts Payable and Receivable
It was good and I was happy to work out my own pace around my normal day
M. Simmonds, Seven Hills, NSW | Certificate of Accounts Payable and Receivable
It was an amazing experience, since the day I joined Australian Online Courses. I have learned more than basics while doing multiple courses with AOC.
Thank you AOC for all your hard work and keeping it simple and affordable for people like me, who are desperately looking for work and ready to start their careers.
Thank you once again.
A.Faruquie, Sydney, NSW | Certificate of Accounts Payable and Receivable
Have just started the course a few weeks ago and I am loving it very much. Reading material is fantastic. Email response time is quick and they are so helpful.
A.Mouatt, Roseville, NSW | Certificate of Accounts Payable and Receivable
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrol Online: Click Add to Cart/View Cart on the course page.
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Enrol via Purchase Order/Tax Invoice
Enrolling Multiple Staff?
To enrol multiple staff, please complete the Employer Enrolment Form. We’ll be in touch within 60 minutes during business hours!
Payment Options
Visa, Mastercard, BPAY and Direct Deposit.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18. In some circumstances, enrolments from younger people may be considered. Please complete the AOC Parent Guardian Consent Form prior to enrolling and submit here.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
- Entry-level Accounts Positions
- Office Administrator
- Accounts Payable Clerk
- Accounts Receivable Clerk
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