Bill Processing
About Bill Processing
Billing
is the process of raising invoices and requesting payment from customers
against them. An invoice details the product or service provided to the
customer with payment outstanding to the customer.
A bill or invoice has the following details
- product or service provided
- buyer and seller contact details
- Buyer purchases
- products’ pricing
- payment terms
- date and the last acceptable payment date
Why is Bill Processing important?
Billing
is a crucial process for any business. Billing helps the company keep
track of its outstanding and is also able to better manage their cash
flow.
Bill processing helps companies to
- Control the outstanding
- Makes payment transparent between the company and the customer
- manage cash flows more efficiently
- Create credibility by making timely payments
- Optimizing Operations & Simplifying Reporting
Who should take the Bill Processing Exam?
• Accounting and finance professionals
• Business owners
• Entrepreneurs
• Accounting and finance managers and senior executives
Bill Processing Certification Course Outline
1. Basic Accounting Principles and Framework
2. The Accounting Equation and Financial Statements
3. The Accounting Cycle and Accrual Accounting
4. Accounting Transactions and Books of Account
5. Bill Processing