Accelerating Payment Processes: Tips and Strategies
Author: Anne Wheeler
| CPE Credit: |
1 hour for CPAs |
Accounts Payable teams do want to process invoices promptly and accurately. Exceptions to processes cause duplication of effort and delays. Help your customers to help you. Review the details in this course to see what steps you can take to streamline the processing, and payment, of invoices by your customers.
Publication Date: February 2025
Topics Covered
- Customer/Vendor Relationship
- Customer/Vendor Onboarding
- Order to Cash
- Sales Order/Purchase Order Details
- Acknowledgements
- Invoicing
- Payment Receipt Options
Learning Objectives
- Identify best practices
- Recognize mistakes your team may be making that result in delayed payments
- Identify the Customer onboarding process
- Identify how to improve billing practices
- Identify information to be supplied on invoices
- Describe bottlenecks that may cause delays in payments
- Identify other payment options
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour)
Program Prerequisites
None
Advance Preparation
None
