Accounts Payable and Receivable Workflow Management

Instructor: Professionals from the Industry

Access provided by Interbank

9 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

7 hours to complete

Flexible schedule

Learn at your own pace

9 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

7 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Build complete AP/AR workflow systems including three-way match controls, payment processing, and compliance documentation.
Create automated invoice templates with tax calculations and generate aging reports for effective cash flow management.
Document end-to-end financial processes and implement standardized procedures for accounts payable and receivable operations.
Master Excel automation for invoice creation and QuickBooks for payment tracking to streamline accounting workflows.

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Assessments

16 assignments¹

AI Graded see disclaimer

Taught in English

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There are 9 modules in this course

Learn essential accounts payable and receivable workflows through hands-on practice with real-world scenarios. You'll learn to implement the three-way match process for procurement controls, manage customer payment processing and aging reports, create compliant invoices with automated tax calculations, and document complete AP/AR workflows.

This integrated approach combines foundational accounting procedures with practical software skills, preparing you to handle the full procure-to-pay and order-to-cash cycles. Perfect for accounting clerks, bookkeepers, and finance professionals who need to standardize their AP/AR processes. You'll work with QuickBooks for payment tracking, Excel templates for invoice creation, and develop professional process documentation. By the end, you'll have created a complete workflow management system that demonstrates your ability to maintain accurate financial records, ensure compliance, and optimize cash flow management in any business environment.

You will learn about the foundational financial control system that protects organizations from fraud and unauthorized payments by systematically verifying consistency across purchase orders, receiving reports, and vendor invoices.

What's included

3 videos2 readings1 assignment

3 videos Total 19 minutes

Three-Way Matching Protects Your Organization's Financial Integrity 3 minutes
The Three Essential Documents in Financial Verification 7 minutes
Step-by-Step Document Comparison for Accurate Verification 9 minutes

2 readings Total 16 minutes

Common Payment Fraud Schemes and How Three-Way Matching Prevents Them 10 minutes
Automated Three-Way Matching in Microsoft Dynamics 365 6 minutes

1 assignment Total 3 minutes

Three-Way Match Verification Knowledge Check 3 minutes

You will learn the systematic procedures for accurately entering vendor invoice data into accounting systems while maintaining proper verification controls and ensuring timely payment processing.

What's included

1 video2 readings3 assignments

1 video Total 9 minutes

Essential Data Fields and Accuracy Requirements for Invoice Entry 9 minutes

2 readings Total 18 minutes

Common Data Entry Errors and Prevention Strategies 10 minutes
Setting Up and Configuring QuickBooks for Invoice Processing 8 minutes

3 assignments Total 30 minutes

Processing Complete Invoice Batch with Verification Procedures 13 minutes
Invoice Data Entry Procedures Knowledge Check 2 minutes
Comprehensive Invoice Processing Mastery Assessment 15 minutes

You will learn the identification and purpose of critical AR documents that form the foundation of accurate payment processing and financial record-keeping.

What's included

2 videos1 reading1 assignment

You will learn the practical skills of processing customer payments in QuickBooks and generating aging reports that provide strategic visibility into cash flow patterns and collection priorities.

What's included

2 videos1 reading3 assignments

2 videos Total 11 minutes

Accurate Payment Processing Builds Business Success 5 minutes
Aging Report Structure and Business Applications 6 minutes

1 reading Total 8 minutes

Payment Application Fundamentals for AR Success 8 minutes

3 assignments Total 35 minutes

Real-World Payment Processing Challenge 18 minutes
Payment Processing and Aging Reports Knowledge Check 2 minutes
Comprehensive AR Management Assessment 15 minutes

You will learn the legal and regulatory requirements for invoice compliance by identifying all mandatory data fields and understanding their importance for proper business documentation.

What's included

2 videos2 readings1 assignment

2 videos Total 11 minutes

Why Invoice Compliance Matters in Professional Accounting 3 minutes
Legal Requirements for Sales Invoices: A Practical Guide 8 minutes

2 readings Total 14 minutes

Mandatory Invoice Data Fields: Legal Requirements and Best Practices 8 minutes
Systematic Invoice Compliance Verification: A Professional Walkthrough 6 minutes

1 assignment Total 6 minutes

Invoice Requirements Knowledge Check 6 minutes

You will implement functional spreadsheet invoice templates with automated calculations, ensuring professional invoice creation with accurate tax formulas and efficient business processes.

What's included

2 videos1 reading3 assignments

2 videos Total 14 minutes

The Power of Automated Invoice Templates in Professional Practice 4 minutes
Excel Invoice Template Components: Structure and Design 11 minutes

1 reading Total 7 minutes

Spreadsheet Formula Fundamentals for Invoice Automation 7 minutes

3 assignments Total 30 minutes

Create Your Professional Invoice Template with Automated Calculations 15 minutes
Spreadsheet Automation Knowledge Check 5 minutes
Complete Invoice Template Creation and Implementation 10 minutes

You will understand the fundamental components and sequence of accounts payable processes to establish a foundation for systematic invoice processing

What's included

2 videos2 readings1 assignment

2 videos Total 10 minutes

Standardized AP Workflows Transform Accounting Operations 3 minutes
The Six Essential Stages of Accounts Payable Processing 7 minutes

2 readings Total 11 minutes

Building Effective AP Workflow Documentation 5 minutes
Understanding Swim-Lane Diagrams for Accounts Payable Workflows 6 minutes

1 assignment Total 2 minutes

AP Workflow Stages Knowledge Check 2 minutes

You will implement systematic procedures for processing vendor invoices using digital capture tools and standardized coding practices

What's included

3 videos2 readings2 assignments

3 videos Total 20 minutes

Essential Digital Capture Tools for Invoice Processing 7 minutes
OCR Tools and Digital Invoice Capture Walkthrough 6 minutes
GL Coding Best Practices and Approval Routing Setup 7 minutes

2 readings Total 12 minutes

Digital Transformation in Accounts Payable Processing 5 minutes
Best Practices for Invoice Coding and Classification 7 minutes

2 assignments Total 13 minutes

Digital Invoice Processing Knowledge Check 3 minutes
Comprehensive Invoice Processing Assessment 10 minutes

You will create a comprehensive accounts payable and receivables process documentation package that demonstrates their ability to handle end-to-end financial transaction processing. This project integrates invoice processing, payment matching, customer payment tracking, and compliant invoicing skills into a realistic workplace scenario.