Managing Accounts Payable

Who Should Attend
Accounts payable supervisors and support staff, purchasing agents, or anyone with buying power.

• Apply the best practices for an efficient accounts payable department
• Build cooperation between accounts payable and other departments
• Transform accounts payable into a profit center instead of a cost center
• Recognize the legal consequences of accounts payable
• Evaluate and streamline your accounts payable process with the use of the latest technology

• Determine what bills should be paid without ever writing a check
• Identify what to do about the 80/20 rule that applies to accounts payable
• Determine when a purchase order is a must
• Acquire the ability to say “no” to manual checks
• Recognize the key elements of the Prompt Payment Act and the Uniform Commercial Code which directly impact accounts payable
• Analyze whether or not you should take a discount
• Discover how to communicate in dollars and cents the impact of incomplete paperwork
• Distinguish what bills need only one approval
• Determine when a business expense reimbursement is taxable income
• Explore the new Internal Revenue Code requirements for information reporting
• Identify how to reduce check fraud
• Recognize the latest technology in accounts payable
• Recall the number one audit issue of most states and what can put your company’s name on the audit list

Featured Trainers in Finance and Accounting

• Martha Jenkins
• Claudia James

• Jack Laschenski
• Scott MacDonald

All of Alliance’s programs are customized to fit your organization's unique requirements. Plus, our training is 100% guaranteed.  We will make certain your training targets your people and your organization's needs.