Accounts Payable: Accounting and Management Best Practices

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BASA Facilitator

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Accounting and Finance

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  • The important role of Accounts Payable (AP)
    • The meaning of managing accounts payable
    • The big picture: accounts payable and the financial health of organizations
    • The functions of the accounts payable department and the role of AP staff
      • Accounts payable impact on working capital and cash management
  • Accounting essentials for accounts payable
    • Accounts payable terminologies
    • General ledger and sub-ledger
    • Preparing for month-end close and accruals
  • Accounts payable processes and best practices
    • Invoice handling and routing
    • The three-way matching
    • Methods of payment processing
    • Maintaining the vendor master file
    • Travel and Entertainment (T&E)
    • Procurement Cards (P-Cards)
  • 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
    • Real cases of fraud in accounts payable
  • The behavioral side of managing accounts payable department
    • Improving the image of the AP department
    • Ways to motivate AP staff
    • Dealing with internal and external disputes
    • Importance of internal customer service
    • Providing customer service to vendors
  • Accounts payable department as a real business partner
    • When should we pay our suppliers
    • Understanding cost of funds
    • Evaluating early payment discount
    • Pros and cons of early or late payments
    • Relationship with the treasury department

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Price : 2550 $

Max Availability : 15

Location : Capetown, South Africa Dubai, Emirates Pretoria, South Africa

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