Managing Accounts Payable
Training to Manage the Accounts Payable Process and Apply A/P Best Practices
Who Should Attend
Accounts payable supervisors and support staff, purchasing agents or anyone with buying power.
Training Benefits
- Apply the best practices for an efficient accounts payable department
- Build cooperation between accounts payable and other departments
- Transform accounts payable into a profit center instead of a cost center
- Recognize the legal consequences of accounts payable
- Evaluate and streamline your accounts payable process with the use of the latest technology
Overview of Concepts and Deliverables Provided
- Determine what bills should be paid without ever writing a check
- Identify what to do about the 80/20 rule that applies to accounts payable
- Determine when a purchase order is a must
- Acquire the ability to say “no” to manual checks
- Recognize the key elements of the Prompt Payment Act and the Uniform Commercial Code which directly impact accounts payable
- Analyze whether or not you should take a discount
- Discover how to communicate the impact of incomplete paperwork in dollars and cents
- Distinguish what bills need only one approval
- Determine when a business expense reimbursement is taxable income
- Explore the new Internal Revenue Code requirements for information reporting
- Identify how to reduce check fraud
- Recognize the latest technology in accounts payable
- Recall the number one audit issue of most states and what can put your company’s name on the audit list
For More information call Toll Free 1-877-385-5515. Or, email us at: This email address is being protected from spambots. You need JavaScript enabled to view it.. We will answer all your questions.
