Accounts Payable Intermediate

What topics are covered by the course?

Content

* Understanding what your AP team can do to add value to the Finance department
* Understanding the role of the auditors and what you can do to prepare for their visit
* Internal checks and controls: error and fraud prevention and detection
* Setting up new supplier accounts and improving your credit rating
* Introduction to VAT on overseas purchases
* Performing supplier statement reconciliations
* Spotting errors and mistakes promptly and avoiding duplicate payments
* Using the Aged Creditors listing to maximise cash flow
* Managing budgets and maximising supplier discounts
* Monitoring costs, reclaiming credit notes, rebates and overpayments
* Month end and year end procedures, journals, prepayments and accruals

Who should attend?

The Accounts Payable Intermediate Course is recommended for Accounts Payable (Purchase Ledger) team leaders with a minimum of one years’ experience, new Purchase Ledger Supervisors and new Accounts Assistants.

What will I be able to do on completion?

* Understanding what your AP team can do to add value to the Finance department
* Understanding the role of the auditors and what you can do to prepare for their visit
* Internal checks and controls: error and fraud prevention and detection
* Setting up new supplier accounts and improving your credit rating
* Introduction to VAT on overseas purchases
* Performing supplier statement reconciliations
* Spotting errors and mistakes promptly and avoiding duplicate payments
* Using the Aged Creditors listing to maximise cash flow
* Managing budgets and maximising supplier discounts
* Monitoring costs, reclaiming credit notes, rebates and overpayments
* Month end and year end procedures, journals, prepayments and accruals

How will I be assessed?

Assessment is an ongoing process throughout the course.

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 minimise the overhead costs of your AP team and add value to the Finance department.

Guide Price: Lowest Price Guaranteed, please contact us for a free no obligation quote.

Delivery: Classroom
Category: Basic Accounts »
Duration: 1 Day
Qualification: In house qualification

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