AP/AR Clerk Fundamentals
Learn the essential skills of an Accounts Payable and Accounts Receivable clerk, from processing invoices to managing cash flow and using accounting software.
Sessions
3-Way Matching AP
After this session, you'll be able to explain the critical 3-way matching process in Accounts Payable and why it prevents costly errors.
5 min
Payment Terms Mastery
You'll learn to interpret common payment terms like 'Net 30' and '2/10 Net 30' and understand their impact on a company's cash flow.
5 min
Accounts Receivable Basics
You'll understand what Accounts Receivable is, how it's created, and why collecting customer payments is vital for a business's health.
5 min
Reconciliation Essentials
You'll understand the purpose of reconciliation and be able to identify common discrepancies in bank and vendor statements.
5 min
AR Aging Report
You'll be able to read and interpret an Accounts Receivable aging report and understand its role in managing collections.
5 min
AP/AR Software Essentials
You'll identify common accounting software used in AP/AR and understand their key features for efficiency and accuracy.
5 min
What you'll achieve
Understand the 3-way matching process for Accounts Payable.
Interpret common payment terms and their financial implications.
Explain the 'order-to-cash' cycle in Accounts Receivable.
Analyze and utilize Accounts Receivable aging reports.
Perform basic bank and vendor statement reconciliations.
Identify key features and benefits of common accounting software for AP/AR.
Articulate the importance of AP/AR for a company's financial health.