Accounts Payable Training Course Class 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

  • Payroll
  • Invoices
  • Bank Reconciliation

Module Four: Payments

  • Strategy
  • Vendors
  • Independent Contractors
  • Utilities
  • Scholarships and Fellowships
  • Forms 1099 and 1096
  • IRS Notice CP-2100A/B
  • Back-up Withholding
  • Duplicate Payments
  • Payment Portals

Module Five: Payment Methods

  • Cash
  • Checks
  • Remotely Created Checks
  • Direct Debits
  • EFTs/ACH
  • Wires
  • Payment Cards (P-Cards)
  • EFTPS

Module Six: Fraud Prevention

Module Seven: Nonresident Alien Tax Compliance

Module Eight: Travel and Entertainment

Module Nine: 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 Ten: Technology

  • General
  • Excel
  • Evaluated Receipt Settlement
  • Artificial Intelligence (AI)
  • Robotic Process Automation (RPA)
  • Application Program Interface (API)

Module Eleven: Customer Service

  • Internal Customers 
  • Vendors