FNSACC322 — Administer subsidiary accounts and ledgers

1 Review accounts receivable

• 1.1Check invoices, payment receipts, adjustment notes and discounts applied to debtor account for accuracy, consistency and completeness
• 1.2Identify and make record of incorrect entries, where required
• 1.3Reconcile debtor remittance to account
• 1.4Resolve discrepancies according to organisational policies and procedures

2 Identify bad and doubtful debts

• 2.1Review debtor ledger according to organisational policies and procedures and identify at risk or in default accounts
• 2.2Complete reporting procedures and required documentation for bad and doubtful debts according to organisational policies and guidelines

3 Review client compliance with terms and conditions and plan recovery action

• 3.1Identify clients in default of trading terms according to organisational credit policies and operating procedures
• 3.2Contact identified clients and come to an agreement on arrangements for payment of outstanding monies
• 3.3Action organisational policies and procedures for monies outstanding that constitute breach of organisational credit policy
• 3.4Review previous activities and communication with clients to establish adequacy of follow-up procedures, and determine whether usual organisational recovery avenues have been exhausted
• 3.5Develop plans to pursue debt recovery or to initiate legal action, with measures completed according to organisational policies and procedures, and within required timeframes

4 Prepare reports and file documentation

• 4.1Review and document accounts receivable, debt recovery type and cause, and debt recovery plan
• 4.2Develop account reports for supervisors and designated parties
• 4.3Plan recovery actions in account reports
• 4.4Confirm storage method of account reports and records according to organisational policies and procedures

5 Distribute creditor invoices for authorisation

• 5.1Check supplier statement to account and reconcile invoices, payment receipts, adjustment notes and discounts applied to creditor account
• 5.2Resolve discrepancies according to organisational policies and procedures
• 5.3Request authorisation for payment from designated personnel

6 Remit payments to creditors

• 6.1Collect and record data relating to creditor details and payment method according to organisational guidelines and procedures, and prepare report for ratification by management
• 6.2Prepare creditor payment and authorisation according to organisational procedures
• 6.3Prepare and enter journal to record payment
• 6.4Record and escalate discrepancies in statements to supervisor, where required

What does an assessment tool for FNSACC322 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for FNSACC322 needs to address all 35 unit components: 6 elements with 22 performance criteria, 1 performance evidence requirements, 6 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for FNSACC322?

Auditori pulls the current release of FNSACC322 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for FNSACC322 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing FNSACC322 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of FNSACC322, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.