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Accounts Payable : Comprehensive Course to Streamlining Your Financial Processes

Accredited course | Virtual Live Classroom | 0% Interest Free payments available


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Summary

Price
£450 inc VAT
Or £50.00/mo. for 9 months...
Finance options

Payment can be made through BACS, cheques, card or cash.

0% Interest Free payments available.

Study method
Online + live classes
Duration
2 days · Full-time
Qualification
No formal qualification
CPD
12 CPD hours / points
Additional info
  • Tutor is available to students

75 students enquired about/purchased this course

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Overview

This training course is dedicated to enhancing the skills and knowledge of individuals in the Accounts Payable department. Accounts Payable is a vital business process that plays a significant role in preparing a company's financial reports. With the right training, an organisation can achieve a well-organised Accounts Payable department that aligns with its objectives. This program offers a comprehensive overview of Accounts Payable management and covers key areas like invoice processing, vendor management, payment procedures, and financial reporting. By taking this course, participants will gain practical skills and knowledge to manage Accounts Payable processes effectively within an organisation.

Some recent reviews about our Accounts Payable Training:

  • ''Great, we went through what to expect at the start and it certainly met all the criteria in great depth! It was great having the workbook and slide show to hand to read through as it was shared in the training as well.'' - Lauren W

CPD

12 CPD hours / points
Accredited by The CPD Standards Office

Course media

Description

Key points will consist of:

  • 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

Who is this course for?

This course is designed for individuals who are interested in expanding their knowledge and skills in the field of Accounts Payable. Specifically, this course is suitable for individuals who are currently working or intend to work in an Accounts Payable department.

This may include Accounts Payable clerks, supervisors, managers, and other professionals who are responsible for managing the Accounts Payable process in an organisation.

The course is also suitable for finance professionals and business owners who want to gain a better understanding of Accounts Payable and its role in financial reporting. Overall, this course is an excellent opportunity for individuals who want to enhance their knowledge of Accounts Payable and learn how to manage the process effectively in an organisational setting.

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.

Career path

  • Accounts Assistant
  • Accounts Payable Supervisor
  • Accounts Payable Team Leader
  • Purchase Ledger Controller
  • Accounts Payable Specialist
  • Accounts Payable Coordinator
  • Accounts Payable Manager.

Questions and answers

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.