Accounts Payable

Course Description

This course offers a thorough exploration of Accounts Payable (AP) management, covering key aspects such as invoice handling, payment processing, and resolving payment issues. Participants will learn how to prevent duplicate payments, manage lost or missing invoices, and avoid common AP errors.

The course also covers best practices for maintaining Master Vendor Files, handling discounts and deductions, and leveraging the internet for AP efficiency. Additionally, it provides insights into preventing fraud and offers essential guidance for those managing their first Accounts Payable department.

Key concepts covered include:

• Invoice Handling, Payment Issues, Checks
• Preventing duplicate payments and other common errors & paying lost or missing invoices without creating additional problems
• Master Vendor Files, Discounts, Deductions and the Problems they may cause
• Using the internet in AP, Fraud
• Managing your first Accounts Payable Department