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Accounts Payable (On-site)

Tailor made course to meet your training requirements ; Booklets and certificate offered

Acudemy

Summary

Price
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Finance options

Payments can be made by cash, BACS, cheques or card.
Study method
Onsite
Duration
2 days · Part-time or full-time
Qualification
No formal qualification
CPD
12 CPD hours / points
CPD What's this?
Additional info
  • 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.

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 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

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 Payable Team
  • Purchase Ledger Clerk

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Legal information

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.

FAQs

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.

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.

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.

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.
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