Course overview
Accounts Payable is the business process that is responsible for preparing an organisation financial reports, it is important that all individuals working within your accounts payable departments are trained. When you have the right training in place, the output will be a well-organised Accounts Payable department that matches up with the overall objectives of the company.
This training program will provide individuals with a comprehensive overview of Accounts Payable and how it can be managed effectively within an organisation.
Campus locations
Job outcomes
- Accounts Payable Team
What you'll learn
• Understanding the importance of your role
• Understanding the role of auditors and what you can do to prepare for their visit
• Internal checks and controls; error and fraud prevention and detection
• Setting up new supplier accounts
• Performing supplier statement reconciliations
• Processing expense claims and credit card statements
• Capital and revenue expenditure
• Introduction to VAT and non-deductible items
• Processing pro-forma invoices & VAT payment schedules
• Monitoring costs, reclaiming credit notes, rebates and overpayments
• Claiming settlement discounts
• Spotting errors and mistakes promptly and avoiding duplicate payments
• Journals, prepayments and accruals
• Performing supplier statement reconciliations
• Reviewing the Aged Creditors Listing
• Monitoring costs
• Managing Budgets and maximising supplier discounts
• Cash Forecasting
• Month end and year end procedures, the purpose of management accounts
• Effective filing
• Paperless AP technology
Study method
- In-class
- Online
- Blended
Locations
- England
- Birmingham
- London
- Nottingham
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Duration study load
Entry requirements
There are no prerequisites or entry requirements, as long as you want to get more experience in the field of Accounts Payable, this is the right place for you.
Assessment
Informal assessment will take place through group discussion, class room activities, and questions and answers sessions as guided by your tutor.
Course Completion Certificate awarded by Acudemy.
Who's it for?
- This course is ideal and recommended for Accounts Payable (Purchase Ledger) team leaders who have a minimum one year years’ experience or who is new to Purchase Ledger Supervisor roles or new Accounts Assistants.
Delivery
Small classroom-based workshops with the option for 1-2-1 tuition at our Central London training centre.
- On-site training
About Acudemy
Acudemy Ltd is a training centre based in Central London that specialises in accredited and bespoke training for small businesses and individuals.
Established by Professional Accountants and Senior Business Entrepreneur’s wishing to raise and widen participation and achievement of people within the industry, therefore becoming a valuable resource to employers.
Acudemy provides accredited and bespoke training courses in popular business categories such as accounting and finance, sales and marketing and project management. We offer short-term courses, weekend courses and in-house training at our London training centre or at a location of your choice.
