Online Class: Accounts Payable Training
no certificate
with CEU Certificate*
-
14Lessons
-
26Exams &
Assignments -
5,363Students
have taken this course -
7Hours
average time -
0.7CEUs
Course Description
Managing Accounts Payable: A Comprehensive Guide for New Managers
Stepping into the role of a manager for an accounts payable (A/P) department requires more than just a familiarity with invoicing or check processing. In today's rapidly evolving financial landscape, it demands an integrated understanding of multiple facets, from customer relations and vendor management to the nuances of modern technologies shaping the field. This course aims to provide a robust foundation for budding A/P managers, enriched with expert insights and best practices.
Why This Course?
Accounts payable is the backbone of a company's financial operations. However, it's not merely about disbursing payments. It's about establishing robust internal controls, fostering healthy vendor relationships, ensuring seamless transactions, and navigating the intricacies of contemporary technologies. Our course goes beyond traditional learning, offering guidance from seasoned professionals who have navigated the complexities of the A/P world for years.
What You Will Learn:
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Lesson 1: What Is a Manager?
Dive into the realm of management, exploring the responsibilities and expectations from an A/P department leader. Understand the balance between leadership and teamwork, and the pivotal role a manager plays in optimizing operations. -
Lesson 2: Handling Invoices
Discover best practices in invoice management. From accurate recording to timely approvals, learn how to ensure a smooth invoicing process. -
Lesson 3: Checks
Understand the intricacies of check processing, from issuance to reconciliation. Explore modern alternatives and the evolving landscape of digital transactions. -
Lesson 4: Preventing Errors
Errors can be costly. Delve into meticulous procedures and checks that can be implemented to minimize discrepancies. -
Lesson 5: Customer Service, Internal Controls, and the Annual Audit
Grasp the importance of impeccable customer service, the establishment of robust internal controls, and preparations for the annual audit to ensure transparency and trust. -
Lesson 6: Fraud: Vendor, Employee, and Check
In a world where frauds are becoming increasingly sophisticated, arm yourself with knowledge and preventive measures to shield your organization. -
Lesson 7: How Companies Use Technology in Accounts Payable
From AI to automation, understand how modern technologies are reshaping A/P processes, offering efficiency and accuracy. -
Lesson 8: Traditional Functions and the 21st Century
While we embrace new methodologies, the core functions remain vital. Revisit traditional A/P roles and understand their relevance today. -
Lesson 9: Using the Internet in Accounts Payable
Harness the power of the internet for vendor communication, online transactions, and more, while ensuring security and compliance. -
Lesson 10: Master Vendor Files
Master the art of maintaining comprehensive vendor databases, ensuring seamless transactions, and optimizing vendor relations. -
Lesson 11: Problems Caused by Discounts and Other Deductions
Learn to navigate challenges posed by early payment discounts, rebates, and other deductions, ensuring mutual benefit and maintaining vendor relationships. -
Lesson 12: Independent Consultants
In the gig economy, working with freelancers and consultants is commonplace. Understand the financial nuances and compliance requirements associated with such engagements. -
Lesson 13: 1099 Income Tax Forms
Dive into tax implications and the importance of accurate 1099 form submissions, ensuring compliance and transparency. -
Lesson 14: High-level Accounts Payable Concepts
Wrap up your learning with a dive into advanced A/P concepts, preparing you for the strategic aspects of accounts payable management.
Expertise at Your Fingertips:
Benefit from the wisdom of our guest lecturer, a veteran disbursement manager with a wealth of A/P experience. Their expert tips, real-life examples, and best practices will provide invaluable insights.
Embark on this comprehensive journey and arm yourself with the knowledge and skills required to lead an A/P department effectively in the modern business world. This isn't just a course; it's your roadmap to success in the world of accounts payable management. Join us and shape your future as a competent, forward-thinking A/P manager.
Course Motivation
The Key to Managing a Successful Accounts Payable Department
In today's fast-paced business world, few areas are as important to a company as having a successful Accounts Payable Manager. More and more companies are understanding the importance of having a manager in Accounts Payable who go above and beyond what is normally called for. For too long, businesses thought that having someone in Accounts Payable who was persistent and would keep at an account until it was caught up was what it took but that model is evolving. As businesses are changing, the way that things have been done in the past is changing, as well.
Designed for the new manager of an Accounts Payable department, this course will help the student step into their new role and take a commanding and successful lead. However, this course will also prove useful for anyone who is already in Accounts Payable and is seeking to expand their knowledge. In other words, this course will take what you know and it will enhance it by adding proven management principles to your practices.
In the marketplace today, Accounts Payable is more than just processing checks, mailing them and filing away mountains of back-up paperwork. A good Accounts Payable manager understand all parts of the department everything from customer service and vendor management to check requests and purchase orders.
Finally, this course will show you how to handle invoices, how to process checks, dealing with audits and ensuring that your department operates as error-free as possible. You'll be getting expert advice from a well-seasoned disbursement manager with extensive Accounts Payable experience.
You'll learn what it is that a manager does and how to best operate an Accounts Payable department and you'll find ways to help motivate the people you manage into being the best possible performers.
This course will also discuss the following areas:
- What is a manager: You'll learn what a manager is, what a manager does, and the importance of always being on top of what is happening within your department. You will also learn the key to managing your Accounts Payable department and how to best become a valuable asset to your company.
- Invoice handling: The student will understand the process of tracking invoices from the moment they arrive in the department until the final check is cut. Students will also be walked through a step-by-step process to bring order to what might be a chaotic system.
- Checks: The lesson will address to core of the Accounts Payable department and will help the student to understand areas that might need to be examined and worked on.
- Preventing errors: Students will discover that duplication and missing invoices are among the most common problems in the Accounts Payable department and will be given real-world solutions that they can apply in reducing errors.
- Customer service, internal controls and the annual audit: Students will understand how the aspects of customer service apply to their department and will examine the concepts of internal controls and the annual audit.
- Fraud: Vendor, Employee, and Check: This section of the course will instruct the student on the importance of overseeing things to ensure there is no fraud taking place, either due to a vendor or employee check mismanagement.
- How companies are using technology in Accounts Payable: The student will learn more information about using the information in the Accounts Payable department, as well as address software solutions that can make their department run more smoothly.
- The importance of Master Vendor Files: Students will see how Master Vendor Files are an important way to help ensure that vendors are paid in a timely manner and errors are avoided. In addition, the files are invaluable tools to monitor fraud and error.
By the end of this course, the student will have a thorough knowledge of what it takes to manage a successful Accounts Payable department and how to implement changes needed in order to make it operate more efficiently.
- Completely Online
- Self-Paced
- Printable Lessons
- Full HD Video
- 6 Months to Complete
- 24/7 Availability
- Start Anytime
- PC & Mac Compatible
- Android & iOS Friendly
- Accredited CEUs
Course Lessons
Learning Outcomes
- Identify and summarize the Accounts Payable Management job.
- Handle invoices correctly and employ the necessary checks and balances.
- Process checks correctly while employing the necessary checks and balances.
- Prevent errors and common mistakes.
- Provide good customer service, create internal controls, and prepare the department for the annual audit.
- Detect and prevent fraud from vendors and employees.
- Use technology in Accounts Payable to make the job more efficient.
- Identify ways to use the Internet in Accounts Payable.
- Summarize the processes involved in Master Vendor Files.
- Avoid problems caused by discounts and other deductions.
- Know what to do with independent consultants.
- Process 1099s.
- Demonstrate mastery of lesson content at levels of 70% or higher.
Additional Course Information
- Document Your Lifelong Learning Achievements
- Earn an Official Certificate Documenting Course Hours and CEUs
- Verify Your Certificate with a Unique Serial Number Online
- View and Share Your Certificate Online or Download/Print as PDF
- Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Choose Your Subscription Plan
No Certificate / No CEUs
This course only
Includes certificate | X |
Includes CEUs | X |
Self-paced | |
Instructor support | |
Time to complete | 6 months |
No. of courses | 1 course |
Certificate & CEUs
This course only
Includes certificate | |
Includes CEUs | |
Self-paced | |
Instructor support | |
Time to complete | 6 months |
No. of courses | 1 course |
Certificates & CEUs
Includes all 600+ courses
Includes certificate | |
Includes CEUs | |
Self-paced | |
Instructor support | |
Time to complete | 12 Months |
No. of courses | 600+ |
Certificates & CEUs
Includes all 600+ courses
Includes certificate | |
Includes CEUs | |
Self-paced | |
Instructor support | |
Time to complete | 24 Months |
No. of courses | 600+ |
Student Testimonials
- "I Learned many things in this course which is very helpful for my career. All lessons were clear, well explained with example and addition link for advanced learning." -- Brandy R.
- "I don't think any changes need to be made. The information is very useful and laid out in a way that helps someone who is not familiar with Accounts Payable to have a better understanding of how AP funtions." -- Lawerence R.
- "I learned a lot from this course and I am now the manager of our Accounts Payable Department, Thank you!" -- Andrea R.
- "Well planned, awesome material." -- Carol B.
- "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.
- "I really liked the procedure of accounts payable from receiving the invoice to cutting the check to filing." -- Larry S.
- "The different process ideas were very helpful." -- SARAH B.
- "I appreciated the promptness of the instructor's grading, and her comments were always encouraging and inspiring." -- Sylvia T.
- "I actually found all parts very helpful, but I'd say overall, learning how to effectively set up and monitor an Accounts Payable system would be at the top of the list. Once the system is in place with proper log-in, signatures from the proper authorities/departments, payment processes, audits, etc., the whole Accounts Payable department is on its way to being one of the most structured parts of the organization." -- Sylvia T.
- "This course was great!" -- Tabitha C.
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