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Certificate of Accounts Payable and Receivable


Course Outline and Topics

Course Overview

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 be able to maintain financial journal systems, prepare bank reconciliations and statements for accounts receivable. You will also feel confident to conduct age-analysis of accounts receivable and manage the entire accounts payable and receivable process to meet legislative and organisational requirements.

Course Structure

Unit 1 - Process accounts payable and receivable

  • Check accuracy
  • Document details
  • Errors and discrepancies
  • Manual journal system
  • Cash transactions
  • Cash receipts journal
  • Chart of accounts
  • Accounting equations
  • GST and GST calculations
  • Cash and accrual system
  • Policies and procedures
  • Legislation requirements
  • Total credit journals
  • Cash journals
  • Bank reconciliations
  • Manual journal
  • Identify discrepancies
  • Preparing reconciliation reports
  • Accounts payable and receivable systems
  • Accrual accounting
  • Trading account
  • Preparing schedules
  • Creditor’s ledger
  • Process payments
  • Reconciling accounts payable
  • Accuracy of information
  • Discrepancies and errors
  • Prepare statements
  • Check statements
  • Preparing a statement
  • Overdue amounts
  • Rectify discrepancies
  • Follow up outstanding accounts
  • Accounts receivable ledger system
  • Age-analysis of accounts receivable
  • Collection procedures
  • Debtor’s statement
  • Monitor and review credit terms
  • Overdue amounts to be paid
  • Cash on Delivery (COD)
  • Closing customer accounts

Unit 2 - Administer subsidiary accounts and ledgers

  • Accounts receivable process
  • The basic rules of accounting
  • Entering cash transactions
  • Identify incorrect entries
  • Accrual accounting
  • Discrepancies
  • Source documents
  • Verify bad and doubtful debts
  • Reviewing debtor ledger
  • Australian consumer law
  • Reporting procedures
  • Organisational policy
  • Plan recovery action
  • Default of trading terms
  • Collection process
  • Exhausted recovery avenues
  • Register of invoice disputes
  • Debt recovery plan
  • Legal action
  • Legislative requirements
  • Code of ethics, practice and conduct
  • Rectify invoice discrepancies
  • Request payment authorisation
  • Financial services reform legislation (FSR)
  • Australian Prudential Regulation Authority (APRA)
  • Creditor payments
  • Documentation
  • Reconcile outstanding balances
  • Reporting
  • Profit and loss statement
  • Assets and liabilities statement
  • Outstanding balance statements
  • Bank reconciliations

Unit 3 - Monitor and control accounts receivable

  • Collect and record monies
  • Status of debt
  • Good credit policy
  • Types of credit
  • Developing a credit policy
  • Accounts receivable reports
  • Doubtful or bad debts
  • Reports
  • Legislative requirement
  • Ethics – social responsibility
  • Records and disclosure
  • Data quality and security
  • Record transactions
  • The rules
  • Allocating and recording transactions
  • Collection and checking
  • Invoices
  • Journal entries
  • Bad debt account
  • Debtors ledger
  • Maintain customer records
  • First call resolution (FCR)
  • Compliance terms and conditions
  • Customer breaches
  • Outstanding accounts
  • 7 day credit terms
  • Resolve disputed amounts
  • Research dispute
  • Complex account enquiries
  • Billing adjustments
  • Verification of case material
  • Invoices and statements
  • Preparing a statement
  • Overdue amounts
  • Identify type of dispute
  • Resolve dispute
  • Overdue amounts
  • Payments terms
  • Cash on delivery (COD)
  • Close the accounts
  • Dealing with credit complaints
  • Prioritising clients and stakeholders


Written assignments and exercises, including short-answer questions, reports/essays and projects. There are no examinations or due dates for assessment.


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Payment Information

Certificate Course



  • 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;
  • No entry requirements;
  • All course materials provided online – no textbooks to buy;
  • Unlimited tutor support;
  • Easy to understand course content;
  • Unlimited enrolment with no expiry;
  • Certificate of Attainment/Completion issued for your CV (hard copy provided); and
  • Course may be tax deductible; see your tax advisor.
SKU: C10001 Category:

Career Pathways

Future growth




  • Entry-level Accounts Positions
  • Office Administrator
  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • Best value option
  • Includes unlimited access


  • $150 deposit
  • $30/week
  • No credit checks required