Unit of competency Outline

Date retreived
22/07/2026 5:01 AM 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.

Prepare, match and process receipts

Prepare, match and process receipts

Unit of competency
National Code
FNSACM302
State Code
AUQ37
TGA Status
Replaced
DTWD Status
Transition (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 and storing accounts documentation.It applies to individuals who may be required to work as part of a finance or accounting team.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Receive, identify and record receipts
  • 1.1 Check receipts against remittance documentation in accordance with established procedures
  • 1.2 Record and allocate receipts accurately in accordance with organisational policy and procedures
  • 1.3 Complete batching in accordance with organisational systems and operating procedures, and advise relevant departments of total daily receipts
2. Match receipts to documentation
  • 2.1 Check and match receipts to documentation accurately and promptly, and maintain documentation securely to protect interests of all parties to transaction
  • 2.2 Note unmatched receipts for follow up or referral in accordance with organisational, industry and legislative requirements
3. Enter data to systems
  • 3.1 Record and allocate receipts to appropriate chart of accounts in timely and accurate manner in accordance with organisational policy and procedures
  • 3.2 Match receipts accurately to system debit, and promptly identify data and allocation discrepancies for follow up
  • 3.3 Seek advice on source of and solution to discrepancies, where necessary, to solve outstanding problems
  • 3.4 Update related systems, complete reconciliations and resolve discrepancies between general ledger and sub-systems
4. File documentation
  • 4.1 File documentation promptly in accordance with organisational policy and procedures
  • 4.2 File documentation in location that is accessible and easily traceable
No information
No information
Replaces
State Code National Code Title Type
D4027 FNSACM302A Prepare, match and process receipts Unit of competency
Replaced By
State Code National Code Title Type
OCZ41 FNSACM312 Reconcile financial transactions Unit of competency