Accounts Payable- Planning,
Organizing & Achieving Best Practice

21 - 24 November 2023
Sandton Centre Jhb - South Africa

Register Now! Limited Seats Available!

R15, 999.00 Per Delegate

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Introduction:

This Accounts Payable training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels.

This training aims to refine learners’ knowledge of the accounts payable department’s building blocks, to enable them to take a healthy lead in the management of AP and implement successful AP accounting techniques. Attendees will examine AP processes and operations, including conducting annual audits, processing checks, handling invoices, and harnessing technology in the organization.

Learners will also learn how to integrate best practices in AP management and transform the AP department into an active business partner. It will provide a real-world practical context by incorporating worked examples and case studies that delegates will see how theory applies in practice and can discuss the various issues raised.

Program objectives

By attending this course, delegates will understand:

  • The importance of the accounts payable function with regard to its links with the supply chain and cash flow
  • The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
  • How to effectively manage cash and working capital to reduce costs and improve cash flow
  • The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow
  • How leading companies from across the globe are achieving best practice in Accounts Payable
  • Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance

Who Should Attend:

  • Finance Executives and Professionals
  • Accountants
  • Account officer
  • Accounts Payable Managers
  • Accounts Payable Supervisors
  • Accounts Payable Personnel
  • Others who are working within accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

Program outline:

Accounts Payable, Financial Accounting and the Supply Chain

  • Accounting and financial information: Accounts Payable in context
  • Sources of finance
  • The supply chain
  • Financial position and financial performance
  • Cash flow and Working Capital
  • Why is cash flow so important?

Achieving World Class in Accounts Payable Processes

  • Defining Best Practice in AP
  • Moving beyond P2P
  • Managing Risk
  • Principles of Best Practice
  • End to End AP Process
  • Defining the issues in Accounts Payable

Improving Invoice Processing and Operational Management

  • Invoice Handling and Approval Processes
  • Verifying invoice data
  • Paying “low value” items
  • How to avoid duplicate payments
  • Making the best use of staff time: limiting telephone calls to AP
  • Does Petty cash management belong in Accounts Payable?

Harnessing Technology in Accounts Payable Processes

  • Master Vendor File Management – getting it right from the start
  • Travel & Entertainment
  • Policy management
  • Cash advances and employee reimbursement
  • Process improvement through imaging and workflow
  • Using the internet for AP effectiveness

Making the Payments and Maintaining the Relationships

  • Communications & Customer Relations
  • Payments status information for vendors and internal customers
  • Improving Procure to Pay(P2P) Cycle
  • Payments and Payment Solutions: Accounts Payable or Treasury?

Using Microsoft Excel in managing accounts payable

  • Interface between the accounts payable system and Excel
  • Using pivot tables to extract valuable information
  • Preparing and analyzing accounts payable aging
  • Accounts payable role in improving suppliers commercial terms
End of the Workshop

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IN HOUSE AND ONLINE TRAINING

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While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.

SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com