Accounts Payable Certification Training Course

Accounts Payable Training Course

Are you ready to master the fundamentals of Accounts Payable? This one-day training course is the perfect opportunity to gain the necessary knowledge and skills to efficiently collect and process invoices and make payments to vendors, customers, and other third-party companies like a pro!

With our expert instructors and best industry practices, you’ll walk away feeling confident and competent in your abilities. Don’t miss this chance to elevate your AP game and impress your colleagues and boss. Enroll now!

Questions, please call 24/7 888-632-2093.

  • Learn industry recommended accounts payable procedures and best practices.
  • Receive training from an accounts payable professional with 30+ years of experience.
  • Four ways to learn: public classwebinarself-study, or on-site training.
  • Public class and webinar limited to four students for maximum learning.
  • Certificate issued on completion.
  • Cost: One-day class $649.00
  • Available discounts and grants.

What will I learn in the Accounts Payable Certification Training Course?

Accounts Payable Certification Training will provide you with a comprehensive understanding of various aspects related to the accounts payable process. The key topics and skills covered in this course:

  • Invoice Processing: Understanding how to process invoices accurately is a fundamental skill. This includes reviewing invoices for accuracy, coding them appropriately, and ensuring they meet company policies and regulatory requirements.
  • Vendor Management: Learning how to manage relationships with vendors is crucial. This involves communication, negotiation, and understanding vendor terms and agreements.
  • Record Keeping and Documentation: You will learn about proper record-keeping practices and documentation. This includes maintaining organized records of invoices, payments, and any related documents.
  • Financial Regulations and Compliance: Understanding the legal and regulatory aspects of accounts payable is important. This includes compliance with tax laws, financial reporting standards, and other relevant regulations.
  • Internal Controls: You will learn about establishing and maintaining effective internal controls within the accounts payable process to prevent fraud, errors, and other risks.
  • Payment Processes: You will learn about different payment methods, such as checks, electronic funds transfers (EFT), and virtual credit cards, and understand the advantages and disadvantages of each.

Continued after outline and schedule…

Accounts Payable Certification Training Course Outline

  • Module One: Management of Accounts Payable (A/P)

    • The Big Picture
    • Payment Systems Best Practices
    • Policies and Procedures Manual
    • Controls

    Module Two: Master Vendor File

    Module Three: AP Processes

    • Invoices

    Module Four: Payments

    • Strategy
    • Vendors
    • Independent Contractors
    • Utilities
    • Forms 1099 and 1096
    • Back-up Withholding
    • Duplicate Payments

    Module Five: Payment Methods

    • Cash
    • Checks
    • EFTs/ACH
    • Wires
    • Payment Cards (P-Cards)
    • EFTPS

    Module Six: Fraud Prevention

    Module Seven: Travel and Entertainment

    Module Eight: Regulatory Compliance

    • W-9 and W-8
    • Escheat (Unclaimed Property)
    • Sales and Use Tax
    • Office of Foreign Asset Control (OFAC)
    • Foreign Corrupt Practices Act (FCPA)

    Module Nine: Technology

Continue Reading

Accounts Payable Certification Training Course Public Class and Webinar Schedule

  • Monday, December 11, 2023 Full
  • Monday, December 12, 2023
  • Monday, January 22, 2024
  • Monday, February 19, 2024
  • Monday, March 25, 2024
  • Monday, April 29, 2024
  • Monday, May 20, 2024
  • Monday, June 17, 2024

Scheduled dates don’t work for you? Schedule your own start date (subject to availability).  Contact customer service to check date availability at info@academyofbusiness
training.com
.

Accounts Payable Certification Training Course CPE Credits Disclosure

Recommended CPE credit: 8
Recommended field of study: Financial Accounting
Program level: Intermediate.
Advance preparation: None
Additional disclosure information

Continued from above…

  • Automation and Technology: As technology continues to play a significant role in accounting, you will learn about accounts payable automation tools and software. This includes understanding how to use accounting software, OCR (Optical Character Recognition) technology, and other tools to streamline the accounts payable process.
  • Cash Flow Management: You will learn about the impact of accounts payable on cash flow and learn strategies to manage cash flow effectively, which is often a key objective.
  • Reporting and Analysis: You will develop skills in generating reports related to accounts payable, analyzing trends, and providing valuable management insights.
  • Problem Resolution: You will learn how to handle and resolve issues related to accounts payable discrepancies, late payments, and other challenges is essential. Overall, an accounts payable class aims to equip individuals with the knowledge and skills to efficiently manage the accounts payable function, contribute to financial decision-making, and ensure compliance with relevant financial regulations. 

In Module One, you will be introduced to the management of Accounts Payable (AP). We start by looking at Accounts Payable’s role in a company’s overall financial strategy. We then review the different payment systems available to Accounts Payable and discuss the role of best practicesThe Policies and Procedures Manual (PPM), the core AP document, and the controls needed to protect this valuable company asset are examined in depth.

In Module Two, you will learn about the Master Vendor File, a critical part of the internal controls needed to prevent payment fraud.

In Module Three, you will learn about AP processes including payrollinvoices, and bank reconciliation. 

Module Four discusses payment strategyvendorsindependent contractorsutilitiesscholarships, fellowshipsIRS Forms 1099 and 1096IRS Notice CP–2100A/Bbackup withholdingduplicate payments, and payment portals.

In Module Five, you will learn about payment methods for cashchecksremotely created checksdirect debits, EFTs/ACHwirespayment cards (P–Cards), and the Electronic Federal Taxes Payment System (EFTPS).

Module Six discusses fraud prevention, including payment fraud and Business Email Compromise (BEC).

In Module Seven, you will learn about non-resident alien tax compliance.

In Module Eight, you will learn best practices for travel and entertainment expenses.

In Module Nine we discuss regulatory compliance to include W-9s and W-8s, escheat (unclaimed property), sales and use tax, Office of Foreign Asset Control (OFAC), and the Foreign Corrupt Practices Act (FCPA).

To complete this Accounts Payable Course you will learn about customer service in Module Eleven for both internal customers and vendors.

One of the goals of Accounts Payable Training is to make your accounts payable department a totally paperless operation.