The class will take what you know and enhance it by adding management principles to your practices. To truly manage Accounts Payable, you must understand all parts of the department, including but not limited to; customer service, vendor management, check requests and POs.
All material is provided in the course. Subjects covered within the course are as followed: Overview to Managing the Accounts Payable Department, Invoice Handling, Checks, Preventing Errors, Customer Service, Internal Controls and the Audit, Master Vendor Files, Discounts and Deductions, Travel and Entertainment, Software, Fraud and Independent Contractors.
* Document your course completion with an online certificate (additional shipping/handling charges apply for hard copy delivery). Instantly download, print, and share your certificate and CEUs once awarded. UniversalClass™ offers many wonderful learning tools to help you get the most out of your online course,
including an online portfolio service that manages all your course completions, and a Certificate Verification Service you can use so others may view and verify the authenticity of your awards.
Course Description
This course is a training guide for the new manager of an accounts payable department. It will help you step into your new role and take a commanding and successful lead. This course will take what you know and enhance it by adding management principles to those practices. Accounts payable is not just processing checks, mailing them and then filing the backup paperwork. To truly manage accounts payable, you must understand all parts of the deparment including but not limited to customer service, vendor management, check requests and POs.
This course will discuss how to handle invoices; check processing ; preventing errors; annual audits; and technology uses in the department. Learn all about the best practices to adapt for your A/P department, PLUS, get expert advise from a well-seasoned disbursement manager with many years of A/P experience.
Course Lessons
Lesson 1: What is a manager
Accounts Payable is the "veins of a business". Great A/P managers of any organization must know the fundamentals and have a solid understanding of how to run an Accounts Payable department.
Lesson 2: Invoice Handling
This lesson and the next one, form the core of a new set of skills that will help you in your new position. These two lessons cover the invoice handling and check process that your department does.
Lesson 3: Checks
This lesson is about the core of your department's purpose - workflow processing.
Lesson 4: Preventing errors
Duplication and missing invoices are a common problem in accounting departments. In this lesson you will learn some of the ways you can reduce errors.
Lesson 5: Customer service, internal controls and the annual audit.
Internal controls and the annual audit are concepts, but customer service may be a new concept. Sure, you've heard of it before, but rarely in relation to your department.
Lesson 6: Fraud: Vendor, Employee and Check
This lesson will cover the aspect of fraud in relation to Vendor, Employee and Checks.
Lesson 7: How Companies are using Technology in Accounts Payable
Although the Internet itself was covered in a previous lesson, this lesson is going to spend some time talking about other uses of technology for your accounts payable department.
Lesson 8: Traditional Functions and the Twentieth Century
Reimbursement to employees is a large part of your job--the larger the company, the larger it will be.
Lesson 9: Using the Internet in Accounts Payable
In this lesson we're going to look at the Internet.
Lesson 10: Master vendor Files
Master Vendor Files are one way to help ensure that the vendors get paid and errors are avoided. These files will become valuable resources to your department to monitor for fraud and error and to make sure that your vendors are happy.
Lesson 11: Problems caused by Discounts and other deductions
Everyone loves discounts. Everyone, it seems, but the accounts payable department! Discounts are great for buyers but if there is an overpayment problem, then your department gets involved and the process can be drawn out and difficult.
Lesson 12: Independent consultants
Independent consultants are a real part of the workforce and growing. Many people are taking their expertise and becoming independent consultants and there' s a very good reason: they're in high demand.
Lesson 13: 1099's
This lesson covers the tax forms 1099s
Lesson 14: High-Level Accounts Payable Concepts
There are many high level accounts payable concepts, and they are always changing. As GAAPs are continually being refined, you'll find that your compliance and upgrading requirements will keep you refreshed in some of those areas.
Certificates Awarded
Certificate of Outstanding Achievement
In addition to the standard Certificate of Course Completion, Merit Awards may be issued by the instructor at his/her own discretion and are based on student achievement. Merit awards also incur an additional $30.00 processing fee that covers the customization, printing, and delivery of the award, as well as access to the UniversalClass™ Portfolio Service that documents your achievements online. Official Merit Awards have a serial number that verifies the authenticity of the award (great for employers to verify your achievement).
Request Information
Additional Information about Account Payable Management
This is a non-credit course, and is provided for your personal enrichment.
This course is not intended to be a substitute for any state, government, licensing, or educational requirements.
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"This course offered a lot of details and the essay questions were a great reinforcement tool." -- Ann R.
"Everything in this class was helpful because it explains how to use everything....I think that it was an awesome course and very helpful and so was the instructor." -- Candice A.
"What was most helpful were the assignments. They were very detailed in explainations for each subject." -- Cindy M.
"The lessons are organized and in a easy way to read and understand....I love the course and the prompt respond for the instructor." -- Claudia A.
"the instructor was very caring and understanding. I like her take again if she teach another class. I'm glad I took this class I didn't know anything about account payable." -- Kimberly L.
"I really liked the procedure of accounts payable from receiving the invoice to cutting the check to filing....Over all after all is said and done I think this is a good course and the instructor is a fine instructor. In the future I might just take another course. I will never get to the point where I think I just too smart or know everything to take a class. I thank you for providing me with this excellent opportunity." -- Larry S.
"The different process ideas were very helpful." -- SARAH B.
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