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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Receive, identify and record receipts
   • Check receipts against remittance documentation in accordance with established procedures
   • Record and allocate receipts accurately in accordance with organisational policy and procedures
   • Complete batching in accordance with organisational systems and operating procedures, and advise relevant departments of total daily receipts
2. Match receipts to documentation
   • Check and match receipts to documentation accurately and promptly, and maintain documentation securely to protect interests of all parties to transaction
   • Note unmatched receipts for follow up or referral in accordance with organisational, industry and legislative requirements
3. Enter data to systems
   • Record and allocate receipts to appropriate chart of accounts in timely and accurate manner in accordance with organisational policy and procedures
   • Match receipts accurately to system debit, and promptly identify data and allocation discrepancies for follow up
   • Seek advice on source of and solution to discrepancies, where necessary, to solve outstanding problems
   • Update related systems, complete reconciliations and resolve discrepancies between general ledger and sub-systems
4. File documentation
   • File documentation promptly in accordance with organisational policy and procedures
   • File documentation in location that is accessible and easily traceable

Performance Evidence

Evidence of the ability to:

check, batch and match receipts accurately to relevant documentation following organisational policy and procedures for processing receipts

follow up discrepancies with appropriate personnel to solve outstanding issues

enter data into the organisational systems and correctly file documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

identify the key requirements of legislation relevant to payment systems

outline organisational policy and procedures relating to receipting payments

identify possible areas of discrepancy when processing receipts.

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