Introduction
Finance allows you to manage the accounting processes involved in paying vendors or suppliers for goods or services received and receiving payments for goods or services delivered.
In this module, you explore core accounts payable components, such as vendor invoices and purchase orders, and learn how to handle vendor payments. You also discover core accounts receivable processes, such as customers, customer invoices, and free text invoices. Finally, you explore credit and collection processes, such as credit management and collections management.
Learning objectives
By the end of this module, you're able to:
Describe core accounts payable components, including vendors, purchase orders, and vendor invoices.
Describe vendor payments and settlements, including three-way matching concepts.
Describe core accounts receivable components, including customers, customer invoices, and free text invoices.
Describe credit and collection processes.
Describe revenue recognition.