Accounts Payable and Receivable
Accredited course| Virtual Live Classroom| Combined Accounts | 0% Interest Free payments available
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Summary
- Certificate of completion - Free
- Tutor is available to students
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Overview
By mastering these processes, you can enhance accuracy and cut costs associated with the operations of the Accounts Payable and Receivable departments. Enrol today and equip yourself with the skills to streamline your organisation's financial operations.">
In today’s business landscape, an efficient Accounts Payable and Receivable system is crucial. Our course, tailored for the UK market, empowers you with a deep understanding of the processes behind purchase ledger and accounts receivable management.
By mastering these processes, you can enhance accuracy and cut costs associated with the operations of the Accounts Payable and Receivable departments. Enrol today and equip yourself with the skills to streamline your organisation’s financial operations.
Description
Accounts Payable (Day 1)
Key points that will be covered:
- Understanding the importance of your role
- Capital and revenue expenditure
- Setting up new supplier accounts
- Introduction to VAT in relation to the Accounts Payable role
- Key consideration when processing invoices and credit notes
- Spotting errors and mistakes promptly and avoiding duplicate payments
- Maximising supplier discounts
- Performing supplier statement reconciliations
- Reviewing the Aged Creditors Listing
- Internal checks and controls; error and fraud prevention and detection
- Understanding the role of auditors and what you can do to prepare for their visit
- Paperless AP technology
Accounts Receivable (Day 2)
The accounts receivable information is as follows:
- The accounts receivable cycle
- The accounts receivable best practices
- Learn how to restrict fraudulent practices in your accounts receivable department
- How to increase your turnover.
- The importance of cash flow
- Techniques to get money into your business quicker
- Cash vs credit customers
- The working capital cycle
- How to calculate a bad debt provision
Who is this course for?
This course is ideal and recommended for Accounts Payable/Receivable team leaders who have a minimum one-year experience or who is new to Purchase/Receivable Ledger Supervisor roles or new Accounts Assistants.
Requirements
There are no prerequisites or entry requirements. As long as you want to get more experience in the field of Accounts Payable/Receivable, this is the right place for you.
Career path
Accounts Payable/Receivable Team
Questions and answers
Certificates
Certificate of completion
Digital certificate - Included
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This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
