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.
This Live Webinar Covers These Hot Issues:
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
Credit Information (Sponsored by Lorman Education Services)
For Detailed Credit Information page
click here
Only registered attendee will receive continuing education credit.
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 info@debtcollectionconsultants.com,
714-368-7700; Linkedin, or www.debtcollectionconsultants.com
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