Accounts Payable: Planning, Organizing & Achieving Best Practice

Download Brochure

This course provides comprehensive knowledge of accounts payable processes, including planning, organizing, and implementing best practices for efficient AP management.

Objectives

• Implement best practices in accounts payable management.
• Enhance efficiency in AP processes.
• Ensure accuracy and compliance in AP operations.

Who Should Attend?

• Accounts payable managers and clerks.
• Finance and accounting professionals.
• Business owners managing AP operations.

Course Outline

Day 1: Introduction to Accounts Payable

• Role and importance of AP in financial management.
• AP process flow and key components.

Day 2: Planning and Organizing AP Operations

• Designing efficient AP workflows.
• Organizing AP documentation and records.

Day 3: Best Practices in AP Management

• Implementing AP automation solutions.
• Ensuring timely payments and managing cash flow.

Day 4: AP Compliance and Risk Management

• Managing compliance with financial regulations.
• Identifying and mitigating AP risks.

Day 5: Performance Monitoring and Continuous Improvement

• Measuring AP performance metrics.
• Strategies for continuous improvement in AP processes.