Accounts Payable - Planning, Organising and Achieving Best Practice training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels. 

At the end of Accounts Payable - Planning, Organising and Achieving Best Practice training course, delegates will be able to understand: 

• The importance of the accounts payable function with regard to its links with the supply chain and cash flow. 
•  The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger. 
• How to effectively manage cash and working capital to reduce costs and improve cash flow. 
•  The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow. 
•  How leading companies from across the globe are achieving best practice in Accounts Payable. 
• Work effectively with the fundamentals of accounts payable, financial accounting and the supply chain 
• Understand and apply the fundamentals of accounts payable systems 
• Review and comment on payment methods and cash management 
• Analyse the need to incorporate risk and uncertainty into accounts payable analysis 
• Identify best practice across all industries 

Accounts Payable - Planning, Organising and Achieving Best Practice training course, is ideal for :

• Finance Executives and Professionals

• Accountants
• Accounts Payable Managers
• Accounts Payable Supervisors
• Accounts Payable Personnel
• Others who are working within accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

Day 1

Accounts Payable, Financial Accounting and the Supply Chain

• Accounting and financial information: Accounts Payable in context

• Sources of finance
• The supply chain
• Financial position and financial performance
• Cash flow and Working Capital
• Why is cash flow so important?

Day 2

Achieving World Class in Accounts Payable Processes

• Defining Best Practice in AP

• Moving beyond P2P
• Managing Risk
• Principles of Best Practice
• End to End AP Process
• Defining the issues in Accounts Payable

Day 3

Improving Invoice Processing and Operational Management

• Invoice Handling and Approval Processes
• Verifying invoice data
• Paying “low value” items
• How to avoid duplicate payments
• Making the best use of staff time: limiting telephone calls to AP
• Does Petty cash management belong in Accounts Payable?

Day 4

Harnessing Technology in Accounts Payable Processes

• Master Vendor File Management – getting it right from the start

• Travel & Entertainment
• Policy management
• Cash advances and employee reimbursement
• Process improvement through imaging and workflow
• Using the internet for AP effectiveness

Day 5

Making the Payments and Maintaining the Relationships

• Communications & Customer Relations

• Payments status information for vendors and internal customers
• Improving Procure to Pay(P2P)Cycle
• Payments and Payment Solutions: Accounts Payable or Treasury?

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration