Introduction to Accounts Payable
|"Beware of small expenses; a small leak will sink a great ship"
|-- Benjamin Franklin
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 improve the
accuracy of data input and reduce the costs of your AP department.
The Introduction to Accounts Payable course has been designed to be as practical and
realistic as possible and is built around a databank of real invoices and reports, to equip
you with essential skills to getting it right first time!
To equip you with essential skills to manage your Accounts Payable (Purchase Ledger)
accurately and efficiently
Introduction to Accounts Payable (A/P)
Who will benefit?
Understanding the importance of your role
Using checks and controls: matching invoices to purchase orders, authorising,
coding and posting invoices
Processing expense claims and credit card statements
Capital and revenue expenditure
Introduction to VAT and non-deductible items
Processing pro-forma invoices & VAT payment schedules
Claiming settlement discounts
Spotting errors and mistakes promptly and avoiding duplicate payments
Performing supplier statement reconciliations
Reviewing the Aged Creditors Listing
Introduction to month end and year end procedures, the purpose of management
accounts and what the auditors do
The Introduction to Accounts Payable Course is recommended for all new Purchase Ledger (Bought Ledger) assistants and anyone working in accounts payable for up to one year.
Duration: One day
The Introduction to Accounts Payable Coure is also available as an in-house course and can be tailored to meet any specific requirements that you may have.
||"...the course was very good, it helped me understand my job and how it helps the company. Everything we covered is exactly what I was looking for and is what I use every day..."
|Lindsey, Accounts Administrator, G4S|