Accounts Payable - From Accounting to Management  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.

By the end of the Accounts Payable - From Accounting to Management Training  course, participants will be able to:

• Identify the function of accounts payable and its role in organizations
• Use accounting principles related to accounts payable
• Describe how to take a successful lead in the management of accounts payable
• Assess AP operations and processes and recommend improvements using the latest best practices
• Evaluate main issues affecting AP staff in order to increase their efficiency and productivity
• Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance

Accounts Payable - From Accounting to Management Training course is ideal for :

• Managers of accounts payable,
• AP staff and professionals as well as clerks and specialists who wish to advance their career.
• Professionals in accounting, finance, purchasing and procurement who work closely with accounts payable.

Day 1

He Big Picture: Accounts Payable amd the Financial Health of Organizayions

• The Important Role of Accounts Payable (AP)
• The Meaning of Managing Accounts Payable
• The Functions of Management
• The Functions of Accounts Payable Department and Role of AP Staff
• Accounts Payable Impact on Working Capital and Cash Management

Day 2

ACCOUNTING FOR ACCOUNTS PAYABLE ACCOUNTING ESSENTIALS FOR ACCOUNTS PAYABLE

• Accounting Essentials for Accounts Payable
• Accounts Payable Terminology
• General Ledger and Sub-Ledger
• Month End Accounting Entries and Accruals
• Control Account Reconciliations
• Developing a Reconciliation Plan for the Sub-Ledger

Day 3

KEY TOPICS IN ACCOUNTS PAYABLE MANAGEMENT

• Applying Best Practices in your Organization
• Identifying Proper Internal Controls
• The Annual Audit as an Added Value
• Impact of AP Outsourcing
• Detecting Fraud in Accounts Payable

Day 4

THE BEHAVIOURAL SIDE OF MANAGING ACCOUNTS PAYABLE DEPARTMENT

• Improving the Image of Accounts Payable Department
• Ways to Motivate Accounts Payable Staff
• Organizing the AP Department
• Closing the Communication Gap
• Dealing with Internal and External Disputes
• Providing Customer Service to Vendors

Day 5

USING EXCEL IN MANAGING ACCOUNTS PAYABLE

• Interface between Accounts Payable System and Excel
• Using Pivot Tables to Extract Valuable Information
• Preparing and Analyzing Accounts Payable Aging
• Developing your Accounts Payable Dashboard

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