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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
[ ]Course overview

[ ]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.

[ ]Course objective

[ ]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.

[ ]Course content
[Bullet 1]  Understanding what your AP team can do to add value to the Finance department
[ ]
[Bullet 1]  Understanding the role of the auditors and what you can do to prepare for their visit
[ ]
[Bullet 1]  Internal checks and controls: error and fraud prevention and detection
[ ]
[Bullet 1]  Setting up new supplier accounts and improving your credit rating
[ ]
[Bullet 1]  Introduction to VAT on overseas purchases
[ ]
[Bullet 1]  Spotting errors and mistakes promptly and avoiding duplicate payments
[ ]
[Bullet 1]  Performing supplier statement reconciliations
[ ]
[Bullet 1]  Using the Aged Creditors listing to maximise cash flow
[ ]
[Bullet 1]  Monitoring costs, reclaiming credit notes, rebates and overpayments
[ ]
[Bullet 1]  Managing budgets and maximising supplier discounts
[ ]
[Bullet 1]  Month end and year end procedures, journals, prepayments and accruals
[ ]Who will benefit?
[ ]
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
Accounts Assistants.

[ ]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

         
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