When an organization, be it private or government decide to pay vendors and their employees late, accounts payable can destroy critical vendor and labour relationships, costing the firm or government more than just money. The management of the payroll system of any organization is an important function, and if poorly managed can result in losses for the organization. An effectively developed and maintained payroll system can give benefits immeasurable to the organization. In this payroll management and accounts administration course, we will look at how to develop a payroll system, reconcile our books and manage controls. This course will also expose participants to how account payable which is regarded as a cost centre can be turned into a profit centre while optimizing working capital usage.
This Payroll Management and Accounts Administration: Controls and Reconciliation course focuses on imparting the skills required to manage payroll administration processes, manage controls and reconcile accounts. It will provide resolution to payroll related queries/issues.
At the end of this 5-day intensive programme, participants will be able to understand accounts payable and its importance, using it to improve cash flow management.
- Participants will also be able to simplify account payable process and transform the cost centre to a profit centre.
- Participants will also learn payroll reconciliation and reporting tips that will help you - and the rest of your company - sleep better knowing both your workers and the government are happy with payroll