Accounts Payable (Intermediate)
|"If you owe the bank $100 that's your problem.|
If you owe the bank $100 million, that's the bank's problem"
|-- J Paul Getty
Accounts Payable (A/P) is a core operation of any accounting system. Whilst it involves
paying invoices, there is actually a lot more to it than that. An efficient and accurate AP
system will save you time, money and resources. By gaining an in-depth understanding of
how to manage your purchase ledger effectively, you will be better placed to minimise the
overhead costs of your AP team and add value to the Finance department.
To equip you with essential skills to lead your Accounts Payable team, maximise your time
and add value to budgeting, cost control and cash flow.
Understanding what your AP team can do to add value to the Finance department
Who will benefit?
Understanding the role of the auditors and what you can do to prepare for their visit
Internal checks and controls: error and fraud prevention and detection
Setting up new supplier accounts and improving your credit rating
Introduction to VAT on overseas purchases
Spotting errors and mistakes promptly and avoiding duplicate payments
Performing supplier statement reconciliations
Using the Aged Creditors listing to maximise cash flow
Monitoring costs, reclaiming credit notes, rebates and overpayments
Managing budgets and maximising supplier discounts
Month end and year end procedures, journals, prepayments and accruals
The Accounts Payable Intermediate Course is recommended for Accounts Payable (Purchase Ledger)
team leaders with a minimum of one years' experience, new Purchase Ledger Supervisors and new
Duration: One day
The Accounts Payable Intermediate Coure is also available as an in-house course and can be tailored to meet any specific requirements that you may have.
||"It was made interesting and clearly put across to the group"
|Payments Manager, Norland Managed Services|