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Accounts Payable Management

PROGRAM INTRODUCTION:

There are many high level accounts payable concepts, and they are always changing. As GAAPs are continually being refined, you'll find that your compliance and upgrading requirements will keep you refreshed in some of those areas.

PROGRAM OBJECTIVES:

This course is a training guide for the new manager of an accounts payable department.  It will help you step into your new role and take a commanding and successful lead. This course will take what you know and enhance it by adding management principles to those practices.  Accounts payable is not just processing checks, mailing them and then filing the backup paperwork.  To truly manage accounts payable, you must understand all parts of the deparment including but not limited to customer service, vendor management, check requests and POs. 

This course will discuss how to handle invoices; check processing ; preventing errors; annual audits; and technology uses in the department.  Learn all about the best practices to adapt for your A/P department, PLUS, get expert advise from a well-seasoned disbursement manager with many years of A/P experience.

PROGRAM OUTLINES:

• Lesson 1: What is a manager

Accounts Payable is the "veins of a business". Great A/P managers of any organization must know the fundamentals and have a solid understanding of how to run an Accounts Payable department.

• Lesson 2: Invoice Handling

This lesson and the next one, form the core of a new set of skills that will help you in your new position. These two lessons cover the invoice handling and check process that your department does.

• Lesson 3: Checks

This lesson is about the core of your department's purpose - workflow processing.

• Lesson 4: Preventing errors

Duplication and missing invoices are a common problem in accounting departments. In this lesson you will learn some of the ways you can reduce errors.

• Lesson 5: Customer service, internal controls and the annual audit.

Internal controls and the annual audit are concepts, but customer service may be a new concept. Sure, you've heard of it before, but rarely in relation to your department.

• Lesson 6: Fraud: Vendor, Employee and Check

This lesson will cover the aspect of fraud in relation to Vendor, Employee and Checks.

• Lesson 7: How Companies are using Technology in Accounts Payable

Although the Internet itself was covered in a previous lesson, this lesson is going to spend some time talking about other uses of technology for your accounts payable department.

• Lesson 8: Traditional Functions and the Twentieth Century

Reimbursement to employees is a large part of your job--the larger the company, the larger it will be.

• Lesson 9: Using the Internet in Accounts Payable

In this lesson we're going to look at the Internet.

• Lesson 10: Master vendor Files

Master Vendor Files are one way to help ensure that the vendors get paid and errors are avoided. These files will become valuable resources to your department to monitor for fraud and error and to make sure that your vendors are happy.

• Lesson 11: Problems caused by Discounts and other deductions

Everyone loves discounts. Everyone, it seems, but the accounts payable department! Discounts are great for buyers but if there is an overpayment problem, then your department gets involved and the process can be drawn out and difficult.

• Lesson 12: Independent consultants

Independent consultants are a real part of the workforce and growing. Many people are taking their expertise and becoming independent consultants and there' s a very good reason: they're in high demand.

• Lesson 13: 1099's

This lesson covers the tax forms 1099s.

• Lesson 14: High-Level Accounts Payable Concepts

There are many high level accounts payable concepts, and they are always changing. As GAAPs are continually being refined, you'll find that your compliance and upgrading requirements will keep you refreshed in some of those areas.