Unit of competency Outline

Date retreived
22/07/2026 3:16 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Process payment documentation

Process payment documentation

Unit of competency
National Code
FNSACM303
State Code
AUQ28
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
10
Description
This unit describes the skills and knowledge required when processing payment facilities.It applies to individuals who may work under supervision but have responsibility in ensuring the prompt and accurate processing of customer requests.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Enter data to system
  • 1.1 Enter data into systems without error and within time requirements in accordance with organisational policy and procedures
  • 1.2 Allocate data to correct systems and accounts, and update related systems
  • 1.3 Maintain system controls to ensure integrity and security of customer and payee database
2. Create payment facility
  • 2.1 Process payment facility accurately in accordance with organisational policy and procedures
  • 2.2 Maintain documentation in secure manner to protect privacy and interests of all parties
3. Verify payments against documentation
  • 3.1 Confirm payment authorisation, with information on payment facility matching approved documentation
  • 3.2 Identify discrepancies and follow up promptly
4. Effect payments
  • 4.1 Make payments within agreed credit arrangements in accordance with organisational policy and procedures, and industry and legislative requirements
  • 4.2 Ensure payment instruments are signed in accordance with relevant authority levels, and related systems updated promptly to ensure that integrity of accounting systems is maintained
  • 4.3 Cancel or note primary documentation associated with payment to ensure multiple payments are not made
5. File documentation
  • 5.1 File documentation promptly in accordance with organisational policy and procedures
  • 5.2 File documentation in location that is accessible and easily traceable
No information
No information
Replaces
State Code National Code Title Type
D4028 FNSACM303A Process payment documentation Unit of competency
Replaced By
State Code National Code Title Type
OCZ37 FNSACM313 Process authorised payments Unit of competency