Modification History
Not Applicable
Unit Descriptor
Unit Descriptor |
This unit involves the skills and knowledge required to organise freight invoicing and payment, including preparing invoices, coordinating documentation, and processing payments. Licensing, legislative, regulatory or certification requirements are applicable to this unit. |
Application of the Unit
Application of the Unit |
Work involves discretion and judgement for self and others in organising freight invoicing and payment. It is performed under limited or minimum supervision with general guidance on progress and outcomes of work. A range of opportunities may be used to develop the workplace and to support the development of work systems and innovative strategies to deal with contingencies and to encourage the achievement of the organisation's goals and key performance objectives. Work involves responsibility for the organising of freight invoicing and payment and the provision of leadership of others either individually or in teams. |
Licensing/Regulatory Information
Refer to Unit Descriptor
Pre-Requisites
Not Applicable
Employability Skills Information
Employability Skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the required performance needed to demonstrate achievement of the element. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1 Prepare invoices |
1.1 Purchase order or documentation regarding request for invoice is registered, validated and filed appropriately 1.2 Payment method, timing and ,where required, currency and exchange rates are noted on the documentation 1.3 Invoice documents which commit the business to providing goods and services are registered and sourced 1.4 An invoice is raised listing items in a full, clear, legible and unambiguous description 1.5 Invoice original is checked and authorised by a signatory at an appropriate level 1.6 Required documentation is forwarded to business or organisation requesting invoice 1.7 Invoice details are recorded and filed in accordance with workplace policy |
2 Coordinate documentation |
2.1 Chart of accounts is checked at the end of the agreed period to verify payment or outstanding debt(s) against invoice(s) raised 2.2 Debtor's ledger is produced from balance sheet 2.3 Follow-up contacts of any outstanding account(s) are made according to workplace policy 2.4 Monthly statements are cross-checked at required intervals 2.5 Reminder notices are forwarded to customers in accordance with workplace policy |
3 Process payments |
3.1 Workplace policy and any particular contractual requirements are followed when making payments 3.2 Records of payments and any required government returns are completed and filed 3.3 Payments received are registered 3.4 Receipts are attached to payments with any corresponding documents and filed appropriately 3.5 Receipts are forwarded to customers 3.6 Files are retained according to archival regulations for audit purposes |
Required Skills and Knowledge
REQUIRED KNOWLEDGE AND SKILLS |
This describes the essential knowledge and skills and their level required for this unit. |
Required knowledge : |
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Required skills : |
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required knowledge and skills, the range statement and the assessment guidelines for this Training Package. |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
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Context of and specific resources for assessment |
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Method of assessment |
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Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. |
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The workplace environment may involve twenty-four hour operation and may include: |
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Services, products, risks, work systems and requirements may potentially : |
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Operations involve: |
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Invoices may be: |
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Transactions may be: |
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Consultative processes may involve: |
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Communications systems may involve: |
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Depending on the type of organisation concerned and the local terminology used, workplace plans/procedures may include: |
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Information/documentation may include: |
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Applicable regulations and legislation may include: |
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Unit Sector(s)
Not Applicable
Competency Field
Competency Field |
P - Administration and Finance |