NetSuite - Using Accounts Receivable (AR) Course Overview

NetSuite - Using Accounts Receivable (AR) Course Overview

The NetSuite Accounts Receivable (AR) course is designed to equip learners with the essential skills required to effectively manage and track accounts receivable within NetSuite. Through a series of modules, participants will learn how to configure the AR home dashboard, manage customer records and contacts, handle sales orders, invoices, and process payments and credits. The course also delves into managing return authorizations, setting up billing schedules, and performing monthly AR activities. Comprehensive lessons on navigating and generating critical reports will help users to analyze and improve their receivables process. By the end of the course, learners will have a strong understanding of how to use NetSuite Accounts Receivable tools to optimize their business's financial operations, contributing to better cash flow management and customer relations.

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900

  • Live Online Training (Duration : 8 Hours)
  • Per Participant
  • Guaranteed-to-Run (GTR)
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♱ Excluding VAT/GST

Classroom Training price is on request

  • Live Online Training (Duration : 8 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

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Course Prerequisites

Certainly! Here are the minimum required prerequisites for successfully undertaking training in the NetSuite - Using Accounts Receivable (AR) course:


  • Basic understanding of accounting principles, particularly those related to accounts receivable processes.
  • Familiarity with general business processes, including sales, billing, and customer management.
  • Proficiency in using computers and navigating software applications.
  • Ability to understand and follow step-by-step instructions for software operations.
  • Willingness to learn and adapt to new software functionalities within NetSuite.

Please note that while prior experience with NetSuite or other ERP systems is advantageous, it is not a strict prerequisite for this course. The training is designed to guide you through the specific functionalities of NetSuite's Accounts Receivable module, starting with foundational concepts.


Target Audience for NetSuite - Using Accounts Receivable (AR)

Koenig Solutions' NetSuite - Using Accounts Receivable (AR) course is designed for professionals managing financial transactions and customer data within NetSuite.


  • Accounts Receivable Specialists
  • Financial Controllers
  • Accountants
  • Bookkeepers
  • Billing Managers
  • Sales Administrators
  • Finance Managers
  • Business Analysts specializing in finance modules
  • NetSuite Administrators
  • ERP Consultants
  • Operations Managers with finance oversight
  • Customer Service Representatives dealing with billing and payments


Learning Objectives - What you will Learn in this NetSuite - Using Accounts Receivable (AR)?

Introduction to Learning Outcomes:

The NetSuite - Using Accounts Receivable (AR) course equips learners with the skills to effectively manage the AR process, from setting up dashboards to generating insightful reports.

Learning Objectives and Outcomes:

  • Configure the Accounts Receivable Home Dashboard to streamline daily AR tasks and monitor key performance indicators.
  • Create and manage customer records, including the addition of new contacts, to maintain an organized database within NetSuite.
  • Process sales orders and invoices, including creation, approval, billing, and invoicing of billable customers, to ensure accurate revenue recognition.
  • Receive and record customer payments, handle deposits, and manage credit memos and refunds to maintain accurate account balances.
  • Generate and approve return authorizations, facilitating efficient handling of customer returns and related financial adjustments.
  • Set up and manage billing schedules, commit revenue for sales orders, and produce monthly customer statements for recurring billing and revenue management.
  • Navigate NetSuite's reporting tools to create and analyze sales order, return authorization, open invoices, and transaction detail reports.
  • Produce customer and receivables reports to monitor customer financial activity, outstanding balances, and overall AR health.
  • Understand the implications of AR transactions on financial statements and the importance of accurate AR management for financial reporting.
  • Apply best practices for AR management within NetSuite, improving the efficiency of financial operations and customer satisfaction.

FAQ's


It is recommended but not mandatory. Being acquainted with the basic course material will enable you and the trainer to move at a desired pace during classes.You can access courseware for most vendors.
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Schedule for Group Training is decided by Koenig. Schedule for 1-on-1 is decided by you.
In 1 on 1 Public you can select your own schedule, other students can be merged. Choose 1-on-1 if published schedule doesn't meet your requirement. If you want a private session, opt for 1-on-1 Private.

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