Accounts Payable Tracking & Controlling Masterclass

Details

This comprehensive training course covers the aspects of accounts payable management, including tracking, controlling, and optimizing the accounts payable process. Participants will learn how to minimize errors, improve vendor relationships, and manage cash flow to maximize the financial health of their organization.

Target Group

This course is designed for professionals involved in managing accounts payable, including:

• Accounts Payable Managers
• Finance Managers
• Controllers
• Accounting Staff
• Financial Analysts

Goals

• Understand the accounts payable and its importance in financial management.
• Learn how to track and manage accounts payable effectively.
• Master the techniques for controlling and optimizing the accounts payable process.
• Develop strategies to improve vendor relationships and negotiate favorable terms.
• Learn how to prevent and detect fraud in the accounts payable process.
• Understand the role of technology in streamlining and automating accounts payable management.

Target Competencies

• Accounts payable management and tracking.
• Cash flow management and optimization.
• Vendor relationship management.
• Fraud prevention and detection.
• Accounts payable process improvement.
• Implementation of accounts payable technology solutions.

Outlines

Accounts Payable Elements Process Impact

• Introduction to accounts payable and its role in financial management
• The accounts payable process and workflow
• Key elements of accounts payable, such as invoices, purchase orders, and payments
• The impact of accounts payable on cash flow and financial statements
• Best practices for accounts payable management

Tracking and Managing Accounts Payable

• Establishing an efficient accounts payable tracking system
• Monitoring and reconciling vendor statements
• Identifying and resolving discrepancies in a timely manner
• Managing aged payables and monitoring outstanding balances
• Ensuring timely and accurate invoice processing and payment