Introduction to Accounts Payable
Categories: Accountancy Skills
Introduction to Accounts Payable

Cost:
£325 +VAT

Duration:
1 day

About the Course:
Accounts Payable (A/P) is a core operation of any accounting system. Whilst it involves paying invoices, there is actually a lot more to it than that. An efficient and accurate AP system will save your time, money and resources. By gaining an in-depth understanding of how to manage your purchase ledger effectively, you will be better placed to improve the accuracy of data input and reduce the costs of your AP department.

Introduction to Accounts Payable
“Beware of small expenses; a small leak will sink a great ship” Benjamin Franklin

Course overview
Accounts Payable (A/P) is a core operation of any accounting system. Whilst it involves paying invoices, there is actually a lot more to it than that. An efficient and accurate AP system will save you time, money and resources. By gaining an in-depth understanding of how to manage your purchase ledger effectively, you will be better placed to improve the accuracy of data input and reduce the costs of your AP department.

The Introduction to Accounts Payable course has been designed to be as practical and realistic as possible and is built around a databank of real invoices and reports, to equip you with essential skills to getting it right first time!

Course objective
To equip you with essential skills to manage your Accounts Payable (Purchase Ledger) accurately and efficiently.

Course content 
- Introduction to Accounts Payable (A/P) 
- Understanding the importance of your role 
- Using checks and controls: matching invoices to purchase orders, authorising, coding and posting invoices 
- 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 
- Claiming settlement discounts 
- Spotting errors and mistakes promptly and avoiding duplicate payments 
- Performing supplier statement reconciliations 
- Reviewing the Aged Creditors Listing 
- Introduction to month end and year end procedures, the purpose of management accounts and what the auditors do

Who will benefit?
The Introduction to Accounts Payable Course is recommended for all new Purchase Ledger (Bought Ledger) assistants and anyone working in accounts payable for up to one year.

The Accounts Payable course is also available as an in-house course and can be tailored to
meet any specific requirements that you may have. Call 020 8332 7567 for further information.

“..the course was very good, it helped me understand my job and how it helps the
company. Everything we covered is exactly what I was looking for and is what I use
every day…”
Lindsey, Accounts Administrator, G4S
 
Course Dates
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The course either has new dates in data loading, or is only run as a dedicated or In Company course.
Tools
 
Key Details
Provided by:
Accounts Training


 
Duration1 day
 
£325
per delegate