Accounts Payable (AP) is not just processing checks, mailing them and then filing the backup paperwork. To truly and effectively manage accounts payable, one must understand the AP department's building blocks including, but not limited to customer service, vendor management, cheque requests and Purchase Orders (POs). This course will discuss how to handle invoices, process checks, prevent errors, conduct annual audits, and use technology in the department. You will also learn the best practices to adopt in your AP department and how to develop your department into an effective business partner.

For Whom

This program is designed for professionals in accounting and finance, senior managers, supervisors and team leaders in account and finance department.

Learning Objectives

At the end of the program, participants will be able to:

• Identify the function of accounts payable and its role in organizations
• Use accounting principles related to accounts payable
• Describe how to take a successful lead in the management of accounts payable
• Assess AP operations and processes and recommend improvements using the latest best practices
• Evaluate main issues affecting AP staff to increase their efficiency and productivity
• Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance.