The British Academy for Training and Development offers the Accounts Payable: From Accounting to Management training course to help professionals master every aspect of accounts payable processes. The course offers a comprehensive overview of the entire aspect of accounts payables, starting right from its definition in financial operations to the basics of accounting principles, general ledger maintenance, and invoice matching. Attendees will further examine the critical procedures surrounding invoice processing, payment flows, and supplier relationship management. The organisation of the accounts payable function and the management of the accounts payable role are of vital importance to the effective control of working capital and therefore cash flow.

The course also specifies the regulations and compliance aspect including the tax laws, fraud prevention, and audit readiness. It handled the aspects of technology and automation and showed ways to move from manual processes to automated systems using modern tools. Some of the advanced areas presented were policy writing, analytical reports, and cost-containment strategies, as well as real-life issues like dispute resolution and cash flow management. 

Such a curriculum ensures that learners acquire both foundational and advanced management skills that may be leveraged to streamline their accounts payable processes.

Objectives: 

The objectives of the course Accounts Payable: From Accounting to Management prepares the attendees for a strong knowledge basis in accounts payable concepts and their key processes, including invoice processing, payment workflows, and supplier management. This course is also directed towards tax compliance and fraud prevention as well as audit preparedness. The next step will be to understand how to use technology and automation for process efficiency and formulate cost-effective policies. Finally, the ability to analyse the performance metrics to develop strategic decisions is built into the course. This would give very practical insights into the resolution of invoice disputes as well as cash flow problems to ensure optimal financial operations.

Who Should Attend?

1. Accounts Payable Professionals in Pursuit of Skills Enrichment Improved. 

2. Finance & Accounting Staff Handling Day-to-Day Transactions Such as Accrual or Adjustment Entries. 

3. Accounts Payable Managers Striving for Process Efficiency. 

4. Small Business Owners Who Handle Their Financial Operations.

How will attendees benefit?

After completing the course attendees have following benefits:

1. Comprehensive Knowledge: Know the basic principles of accounts payable and how important it is in a financial operation. Understand the entire end-to-end process of invoice matching and payment management.

2. Increase Productivity:Learn to streamline processes and eliminate invoice approval and processing errors. Do better supplier management and time and resource savings in payment cycles.

3. Regulatory Compliance: Know how taxes and VAT rules apply as well as prevention of financial loss due to fraud. Ensure that audits can be easily conducted through the proper documentation of documents and compliance with laws.

4. Technology Integration: Learn how to use automation tools to bring accounts payable from a manual to a digital system. New technologies will also increase accuracy, speed, of the process, and its reliability. 

5. Strategic Management Skills: Establish policies and procedures to run an efficient and cost-effective accounts payable system. Use analytic tools for better performance monitoring and informed financial decisions. 

6. Problem-Solving Abilities: Be able to handle invoice disputes in an efficient manner and have them paid timely. Work with cash flow challenges as pragmatically and proactively as possible. 

7. Career Advancement: Build into an advanced professional in accounts payable through building capability for major roles within it. Make yourself a more complete professional by integrating new practice methods of current financial management.

Introduction to Accounts Payable

• Definition, importance, and role in financial operations.

• Overview of the accounts payable process.

Accounting Principles in Accounts Payable

• Understanding the general ledger.

• Matching invoices, purchase orders, and receiving reports.

• Recording and managing transactions accurately.

Key Accounts Payable Processes

• Invoice processing and approval workflows.

• Payment processing methods (manual, automated, digital).

• Managing supplier relationships and payment terms.

Regulations and Compliance

• Tax laws, VAT, and other regional regulatory requirements.

• Fraud detection and prevention in accounts payable.

• Ensuring audit readiness and compliance documentation.

Technology and Automation in Accounts Payable

• Tools and software for accounts payable automation.

• Transitioning from manual to automated systems.

Advanced Management Techniques

• Developing effective policies and procedures.

• Analytical reporting and performance measurement.

• Strategies for cost control and process efficiency.

Problem Solving and Troubleshooting

• Resolving invoice disputes.

• Managing overdue payments and cash flow challenges.

USING EXCEL IN MANAGING ACCOUNTS PAYABLE

• Interface between Accounts Payable System and Excel

• Using Pivot Tables to Extract Valuable Information

• Preparing and Analyzing Accounts Payable Aging

• Developing your Accounts Payable Dashboard