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UID:f221522df801188165061a942cdc0858@egytraining.org
SUMMARY:Accounts Payable: Accounting and Management Best Practices
DESCRIPTION:Introduction\nAccounts Payable (AP) is not merely about process
 ing checks\, mailing them\, and filing backup paperwork. Effectively managi
 ng Accounts Payable requires a deep understanding of its core functions\, i
 ncluding customer service\, vendor management\, check requests\, and Purcha
 se Orders (POs). This course is designed to help you handle invoices\, proc
 ess payments\, minimize errors\, conduct annual audits\, and leverage techn
 ology in the AP department. You will also learn the best practices for tran
 sforming your AP department into a valuable business partner\, enhancing it
 s overall performance.\nCourse Objectives\n\nUnderstand the Accounts Payabl
 e function and its crucial role in organizations.\nLearn how to take a succ
 essful leadership role in managing accounts payable.\nAssess and improve AP
  operations using the latest best practices.\nEvaluate the key issues affec
 ting AP staff to enhance their efficiency and productivity.\nApply tools an
 d techniques in Microsoft Excel to manage and monitor AP performance effect
 ively.\n\nCourse Outlines\nDay 1: The Important Role of AP\n\nDefinition of
  Accounts Payable and its role in organizational financial health.\nThe key
  functions of the AP department and its impact on working capital and cash 
 management.\nEssential accounting principles for accounts payable and terms
  like general ledger and sub-ledger.\nPreparing for month-end close and acc
 ruals.\n\nDay 2: Accounts Payable Processes and Best Practices\n\nHandling 
 invoices and proper routing.\nThe three-way matching process.\nMethods of p
 ayment processing and maintaining the vendor master file.\nProcurement Card
 s (P-Cards) and Electronic payment options.\nBest practices for accounts pa
 yable management\, including operational analysis\, benchmarking\, and frau
 d detection.\n\nDay 3: The Behavioral Side of Managing the Accounts Payable
  Department\n\nEnhancing the image of the AP department.\nStrategies for mo
 tivating AP staff and improving department efficiency.\nManaging internal a
 nd external disputes and closing communication gaps.\nThe importance of int
 ernal customer service for vendors.\n\nDay 4: The AP Department as a True B
 usiness Partner\n\nUnderstanding when to pay suppliers and evaluating early
  payment discounts.\nThe pros and cons of early or late payments and their 
 impact on cash flow.\nBuilding relationships with the treasury department a
 nd understanding the cost of funds.\n\nDay 5: Using Microsoft Excel in Mana
 ging Accounts Payable\n\nIntegrating the AP system with Excel for effective
  data management.\nUtilizing pivot tables to extract valuable data and anal
 yze accounts payable aging.\nAccounts payable role in improving supplier co
 mmercial terms.\n\nWhy Attend This Course: Wins & Losses!\n\nMaster best pr
 actices in accounts payable to reduce errors and enhance operational effici
 ency.\nLearn how to streamline accounts payable processes and improve cash 
 flow management.\nGain proficiency in using Microsoft Excel for better moni
 toring and reporting.\nStrengthen your ability to handle vendor relationshi
 ps and payment schedules effectively.\nApply industry best practices to ens
 ure compliance and prevent fraud in accounts payable management.\n\nConclus
 ion\nThis course is an essential step toward improving your Accounts Payabl
 e management skills. By mastering accounts payable best practices\, leverag
 ing Microsoft Excel for analysis\, and understanding the key functions of t
 he AP department\, you will contribute significantly to your organization
 ’s financial stability and success.\nJoin now to develop your skills in a
 ccounts payable and become a vital partner in your organization’s success
 !
LOCATION:Riyadh
DTSTAMP:20260614T220801Z
DTSTART:20260604T034500Z
DTEND:20260617T210500Z
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