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Manage & protect cash flow using Accounts Receivable and Payable in Xero
Accounts payable and receivable are vital for cash flow management by showing when you get paid and what you owe. In this course you will learn how to manage your accounts payables/creditors and receivables/debtors in Xero.
By managing your receivables effectively you get paid as quickly as possible, while with your accounts payables you pay when due. Thereby maintaining cash flow in your business and avoiding potential bad debts by following up unpaid invoices efficiently. All of which can be automatically managed in Xero via email correspondence and reporting.
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Online Learning
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5 CPD hours per course
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Certificate of completion
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Instant access, start NOW!
Xero Course Options
Xero Accounts Payable and Accounts Receivable
Manage Invoices and Bills in Xero
5 CPD Study Hours
Digital training manual included
Follow along with the practical exercises
Manage Cashflow and reporting in Xero
$196 RRP $245
Payment Plan Available $31.67Â per week for 9 weekly instalments
*Sale Pricing valid pay up front in full only
Xero Bundle
Online Learning
Accounting, Payables, Receivables, Payroll and Advanced Courses
25 CPD Study Hours
Four course bundle
Digital training manuals included
Follow along with the practical exercises
$476 RRP $595
Payment Plan Available $70.56 per week for 9 weekly instalments
*Sale Pricing valid pay up front in full only
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Xero Experts
Accounting Software Training experts since 1999
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Online Tutorials
Instant Access
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Amazing Support
Experienced trainers and passionate support
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PDF Resources
Australian written learning material
Xero accounts payable and accounts receivable - What you will learn
Xero accounts payable and accounts receivable
What distinguishes accounts receivable from accounts payable?
Who owes money is the primary distinction between accounts payable and accounts receivable. Accounts payable deals with the cash you owe suppliers and vendors for costs incurred by your business. On your balance sheet, these accounts are often treated as recurring current liabilities.
The money your clients owe you for your goods and services is known as accounts receivable. They appear on balance sheets and other accounting reports as a current asset.
Why are accounts receivable and payable important?
Accounts payable and receivable make ensuring the company has enough money flowing in to pay its bills and, ideally, have money left over. You can't effectively manage your cash flow if you don't keep track of your payables and receivables.
Managing both types of accounts enables you to plan your spending for foreseeable expenses, identify opportunities to negotiate better prices with vendors and suppliers, and encourage clients to pay their bills more quickly. Additionally, it helps speed up the process of collecting past-due accounts. You don't think cash flow management is crucial? Approximately 80% of business failures are the result of poor cash flow management.
Accounts Receivable Job Description
Learn about the essential qualifications, tasks, obligations, and abilities that are required in an accounts receivable job description.
By ensuring that customers are accurately billed for goods or services, accounts receivable specialists help businesses make money. In collaboration with other departments, they carry out various responsibilities to guarantee client payments, such as recording and verifying transactions, resolving account inconsistencies, and resolving account discrepancies.
Our Xero-Certified Trainers
Brett Thornett
Brett ThornettBrett has over 20 years experience at the forefront of accounting software training. Applied Education was one of the first companies in Western Australia to deliver and write Xero Accounting training courses, and we pride ourselves on our outstanding accounting knowledge and experience to deliver a thorough and comprehensive training course.
Dan Logan
Dan LoganDan is a Xero-certified trainer at Applied Education and a specialist in IT Systems & Applications and Project Management. His in-depth knowledge and practical experience in Enterprise Computing, Microsoft applications, Google Suite and more recently cloud architecture implementations. Dan’s passion in education began with his early role as a high school teacher.
Accounting Software Training bundles
Xero & MYOB Masterclass Bundles Available
Up to 57% saving off the RRP of $937
Choose A Bundle to suit your career - MYOB and Xero Bundles or the Complete Masterclass
Over 20-hours of on-demand tutorials
Detailed training manuals in PDF format (non printable)
Access anytime
Certificates of completion
