Accounts Payable: Accounting and Management Best Practices

Mastering Accounts Payable: Essential Skills, Best Practices, and Management Techniques

Introduction

Accounts Payable (AP) is not just processing checks, mailing them and then filing the backup paperwork. To truly and effectively manage accounts payable, one must understand the AP department's building blocks including, but not limited to customer service, vendor management, check requests and Purchase Orders (POs).

This course will discuss how to handle invoices, process checks, prevent errors, conduct annual audits, and use technology in the department. You will also learn the best practices to adopt in your AP department and how to develop your department into an effective business partner.

Course Objectives

Course Outlines

Day 1: The important role of AP

Accounting essentials for accounts payable

Day 2: Accounts payable processes and best practices

Key topics in accounts payable management

Day 3: The behavioral side of managing accounts payable department

Day 4: Accounts payable department as a real business partner

Day 5: Using Microsoft Excel in managing accounts payable

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