Accounts Receivable - Planning, Organizing and Achieving Best Practice Training Course
Accounting, Finance and Budgeting Training

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Accounts Receivable - Planning, Organizing and Achieving Best Practice Training Course
Course Overview:
The course on Accounts Receiveable - Planning, Organizing, and Achieving Best Practice offers a complete view of the accounts payable function and focuses on its connection to the areas of supply chain and cash flow.
After the participating course, the audience will know how to efficiently manage cash, working capital, and risk, while increasing the speed of processing invoices and the overall operational effectiveness.
The course examines KPI, trends, best practices, the role of systems and technology in accounts payable, and methods of payment. Suitable for finance professionals, accountants and accounts payable managers, it allows optimizing activities, containing costs, and improving business with vendors thus leading to better financial and operational performance.
Course Objectives:
At the end of this Accounts Receiveable - Planning, Organizing 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 practices 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
- Analyze the need to incorporate risk and uncertainty into accounts payable analysis
- Identify best practices across all industries
Who Should Attend?
Accounts Receiveable - Planning, Organizing 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 the accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills
Course Outlines:
Accounts Receiveable , 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?
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
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?
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
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?