Recorded approaches and also techniques employed by very appreciated firms are both effective and not successful in showing the real-world performance of each process as well as method.

Educating Goals of Accounts Payable Expert

• Accruals & Time Deposit
• Cash Administration & Money Positioning
• Identify the feature of accounts payable as well as its function in organizations
• Usage accountancy principles related to accounts payable
• Define just how to take an effective leader in the administration of accounts payable
• Assess AP operations and processes and advise enhancements using the most up-to-date best techniques
• Apple devices and also strategies in Microsoft Excel to successfully manage and keep an eye on accounts payable efficiency

Day 1
The Big Picture: Accounts Payable and the Financial Health of Organizations

• 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

• 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 the 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

• The 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