Description
Enhance your Accounts Receivable expertise with this comprehensive MIP® Fund Accounting training. Learn to streamline the accounts receivable cycle by creating customers, processing invoices and credit memos, managing cash receipts, and handling prepayments. This course also covers error correction and reporting techniques to optimize accuracy and efficiency.
By the end of this session, you will:
- Create customers and understand how fields are used in statements and reports
- Rename or merge customers effectively
- Enter accounts receivable invoices and apply credit memos and receipts
- Process and apply prepayments accurately
- Discuss strategies for correcting errors
- Review customer balances and transaction history
- Evaluate accounts receivable balances using aging, summary, and detailed reports