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Live Webinar

90-minute live streaming program
  • April 25
  • 1:00 - 2:30 pm EST

Accurately Reporting Invoices and Receipts

April 25

Join us for your comprehensive guide to proactively manage your invoicing systems and identify ways to implement effective invoicing and receipting procedures.

Many business owners take for granted the importance of having a systematic invoicing and receipting procedure in place and how it can seriously affect cash flow and bad debt. Businesses often do not understand that their invoice format and procedure alone can determine payment or not. Poor procedures can lead to delays in payment or no payment at all. Systematic tracking of payments is also key to determine what goods or services have been paid and what is still outstanding. This topic helps the persons responsible for invoicing and receipting to understand how first to establish a tracking system and then what is required to carry the processes out effectively, and explains the impact of not resolving payment discrepancies in a timely fashion. Failure to bill accurately and collect timely is the downfall of many businesses. This is critical for any business that wants to get paid.

Learning Objectives

  • You will be able to define the role and crucial function of your billing department.
  • You will be able to explain to your staff how to proactively manage your systems to maximize cash flow.
  • You will be able to identify ways to implement effective invoicing and receipting procedures.
  • You will be able to recognize pitfalls in your current invoicing and receipting function.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Invoicing
  • Definition
  • Purpose
  • Fundamental Elements of an Effective Invoice
Creating an Invoice
  • Company Information
  • Header
  • Details
Billing/Revenue Cycle Strategy
  • Determine Length
  • Examples
  • Payment Due Date
Role of Billing Department
  • Staffing
  • Accurate Invoicing
  • Timely Invoicing
  • Follow-up
Receipting
  • Responsibility-Internal Controls
  • Handling Payment Discrepancies
  • Ensure Accurate Account Records
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Management Services 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.5 hours.
     

Who should attend?

This live webinar is designed for credit and collection managers, presidents, vice presidents, directors, business owners and managers, branch managers, lending professionals and accountants.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lynn Izzo

Debt Collection Consultants

  • Owner/operator and founder of Debt Collection Consultants since 2005, independent advisor and consultant providing best practices and solutions for accounts receivable management from billing to collection to a diversified business client base
  • Practice emphasizes all aspects of debt collection and accounts receivable management solutions; including, but not limited to billing and aging analysis, collection policy development and enforcement, staff training, correspondence preparation, delinquency reduction and resolution, dispute negotiation, A/R structure consultations, A/R process and design to maximize revenues
  • Conducts regular seminars, workshops, webex’s and on-site/off-site consultations to companies on effectively managing the A/R function
  • Conducted A/R training workshops for SCORE, Orange County California Chapter
  • Assisted in successful collection of bad debt well over two million dollars in the past couple of years through effective collection consultations and hands-on work
  • Work with businesses on a continuous basis to streamline their A/R function to reduce delinquencies and maximize revenue
  • Practicing paralegal, paralegal certificate, University of San Diego; B.A. degree in Business, Keene State College
  • Can be contacted at [email protected], 714-368-7700; Linkedin, or www.debtcollectionconsultants.com
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405294
Published 2019
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