Foundation Academy: Fine Tuning Your Accounts Receivable Processes

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In this academy, we’ll detail the various methods FOUNDATION® has available to invoice your customers and track job revenue. 

In addition, we’ll cover accepting payments and recording deposits, the best reports to help keep your receivables in check, and how to handle common situations that arise during the billing process.  The focus will be on streamlining your day-to-day while also covering best practices.

KEY TAKEAWAYS:

• Outline of the multiple modules & transactions available to bill your customers
• Overview of Lump Sum, AIA, Percent Complete, Time & Material, Unit Price & Completed Quantity, Service Billing

• AIA Schedule of Values & handling Retainage
• Invoice Designs and customization options using the FormGenie™
• Printing & emailing invoices & statements
• Receiving payments & deposits
• The best reports available to help manage your customers and jobs
• Aging report cleanup and recording Bad Debt
• The handling of Sales Tax

USER LEVEL:

Beginner, intermediate

PREREQUISITES:

A basic to intermediate accounting knowledge of accounts receivable and an idea of how your company is required to bill customers.

ADVANCED PREPARATION:

None

CPEs AVAILABLE:

Up to 2.4 credits per session by participating in polling questions

DELIVERY METHOD:

Group internet based

FIELD OF STUDY:

Computer Software & Applications – Non-Technical

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Each Academy is $399 to attend but register for additional sessions for larger discounts.