Accounts Payable (A/P) is a key operation in any organisation. It is not just about processing payments, mailing them and then filing the paperwork. To truly manage accounts payable, you must understand how the function affects other areas of operations including but not limited to: customer service, vendor management, purchase order processing and management, budgeting and much more. An efficient and accurate AP system saves time, money, resources and promotes the image of your organization. 

This workshop will discuss a wide range of topics every person involved in managing their organization’s accounts payable must know.

Topics include:

• The definition of accounts payable and accounts payable management
• Types of accounts payable
• The roles and functions of the accounts payable department
• Accounting for accounts payable
• Accounts Payable workflow
• The importance of internal controls
• Fraud detection and prevention
• A/P Reporting
• Budgeting and Budget Control
• Accounts Payable  Audits
• Use of technology in A/P Management
• Purchase Order Management
• Terms of Payment
• Performance metrics
• Document Management

 Expected Outcomes:

The goal of the workshop is to improve the skills of persons engaged in the management of accounts payable within their organizations and thereby bring about increased efficiency.