Accounts Payable Management & Controlling - Best Practices

Details

This course covers the aspects of accounts payable management and controlling, including invoice processing, payment scheduling, vendor management, and internal controls. Participants will learn the best practices for streamlining accounts payable processes, reducing errors, managing cash flow, and ensuring compliance with accounting standards and regulations.

Target Group

This course is designed for finance professionals, accountants, accounts payable managers, and other professionals responsible for managing and controlling accounts payable processes within their organizations.

Goals

• Understand the principles and best practices of accounts payable management and controlling.
• Streamline and optimize accounts payable processes to improve efficiency and accuracy.
• Implement effective internal controls to minimize errors and ensure compliance.
• Manage vendor relationships and negotiate favorable payment terms.
• Apply cash flow management techniques to optimize working capital and maintain financial stability.

Target Competencies

• Accounts Payable Management Principles and Best Practices
• Invoice Processing and Payment Scheduling
• Vendor Management and Negotiation
• Internal Controls and Compliance
• Cash Flow Management
• Process Improvement and Automation

Outlines

Introduction to Accounts Payable Management and Best Practices

• Understanding accounts payable management principles
• The role of accounts payable in an organization's financial management
• Accounts payable best practices and their impact on efficiency and compliance
• Key stakeholders in accounts payable management

Invoice Processing and Payment Scheduling

• Efficient and accurate invoice processing techniques
• Identifying and preventing invoice errors and fraud
• Establishing and maintaining payment schedules
• Implementing payment approval processes
• Managing payment disputes and resolving issues