IFS Financials - Accounts Receivable

ABOUT THIS COURSE

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination specification topics for the Accounts Receivable exam.

Target Audience

Those who need to be able to identify and state the essential decisions to be made, basic data to be created and processes involved in the setting up of Accounts Receivable in support of IFS Financials in IFS Applications.

Lessons

  1. Overview Accounts Receivable
  2. Basic Data for Accounts Receivable
  3. Instant Invoicing
  4. Customer Payment
  5. Customer Offset and Netting
  6. Bad Debt Management
  7. Customer Credit Management
  8. Accounts receivable and follow up analysis

Objectives

At the end of this course, the students will be able to:

  • Understand the different types of Customer Invoices
  • Set up and understand the basic data required for Accounts Receivable and Credit Management
  • Demonstrate how to create and print an Instant Invoice
  • Demonstrate matching of a Customer Invoice with payments received and to post a Payment on Account
  • Handle a Direct Debit Payment
  • Perform a Customer Offset
  • Perform AR/AP Netting
  • Handle Bad Debt
  • Update Customer Credit Information
  • Enter Credit Management Notes
  • Create and print Reminder Letters and Interest Invoices
  • Analyse and retrieve information from Accounts Receivable and Customer Credit Management

Prerequisites

Knowledge: Perfect understanding of the accounts business processes, company set up, accounts, code parts and posting controls.

Courses: IFS Fundamentals, Accounting, Accounts Payable, Distribution

Exams: IFS Fundamentals (recommended), Accounting

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Track:

  • Consultants

Certification:

  • Specialist

Module:

  • IFS Financials

Course ID:

CS90FINAR

Duration:

1 Day

Type of Course:

  • Workshop