Organizing and Managing Accounts Payable is an intensive one-day workshop that will teach you how to learn cutting-edge information as well as network with other A/P professionals. We've condensed tons of information to get to the essentials — the very latest proven AP techniques; accepted best practices guaranteed to improve your accuracy and save money; and techniques, tips and shortcuts that will help you get more done in less time.
Topics To Be Covered:
- "How-to's" for organizing, streamlining and managing your enormous workload
- 6 crucial questions you should ask about every invoice
- Secrets to setting up files that will hold up under scrutiny of an audit
- Update on current government regulations and requirements
- A fail-safe system that eliminates duplicate payments
- Tips for getting approvals and authorizations — without getting headaches!
Success Elements of Highly Successful AP Pros:
- Understanding your important role in your organization"s "big picture"
- How many "hats" do you wear? Why your job is much more than "paying the bills"
- Qualities that the best AP pros share
- A review of critical processes, systems and procedures
- SKILL PRACTICE: Testing your accounting knowledge
Super Shortcuts and Timesavers for Managing Your Workload — Without Sacrificing Accuracy:
- Slick techniques for managing mountains of invoices
- 6 questions every AP pro must ask about each invoice
- Proven "how-to"s" for streamlining your payment process
- Tracking tips that ensure you"ve received what you"re paying for
- Maintaining current and accurate payment records without jumping through unnecessary hoops
- SKILL PRACTICE: Identifying your department"s biggest time-wasters — and how to eliminate them
Setting Up Internal Controls That Will Make Your Job Easier — Immediately!
- Your organization"s controls: How do they stack up?
- Setting up vendor number controls and receiver controls
- How to implement an easy, fail-safe system for eliminating duplicate payments
- Charging the expense to the right account — your role in ensuring accurate business records
- Surefire ways to spot — and stop — expense account padding
- SKILL PRACTICE: 4 actions to take to improve expense reporting in your organization
Major Money-Savers to Tap for Your Organization:
- Early payment discounts: When are they a good deal, and when should you pass?
- Why you should keep manual checks to an absolute minimum
- "How-to"s" for negotiating your way out of paying late fees
- The most common costly AP errors and how to avoid them
- Recovery of VAT and GST: Does your organization qualify for this money-saver?
- SKILL PRACTICE: Understanding the pros and cons of often-debated common AP policies
Honing Your People Skills to Get What You Need:
- 7 hassle-free steps to getting approvals, documentation and complete information — the first time!
- Understanding the most important rule in the vendor/supplier relationships
- Tips for negotiating excellent payment terms
- SKILL PRACTICE: Brainstorming solutions for minimizing petty cash — and petty cash hassles
How to Set Up Audit-Proof Files and Records:
- Secrets to setting up files that will hold up under the toughest scrutiny
- Making your files accessible without allowing others to mess them up
- What you need to know about year-end reporting, including 1099s
- UPDATE: Latest government requirements and regulations regarding how you should handle certain payments
SPECIAL SECTION - AP Technology and Trends:
- Advantages and disadvantages of purchasing cards
- Latest advances in electronic document scanning
- How computer-based receiving impacts AP
- Making the most of what the Internet has to offer AP professionals
- What to look for in AP software that will work for you, not against you
- DISCUSSION: Emerging AP trends — and how to position yourself for future success!
Special Section - What You Need to Know About the Latest AP Technology:
You"ll get up-to-the-minute information on ...
- Purchasing cards
- Computer-based receiving
- Document scanning
- 3-way match
- AP software
- E-commerce
- Online resources
- Emerging AP trends
COURSE LOGISTICS
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Certificates | Same day as course completion |
Food | No food provided |
Average rating:
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