Managing Accounts Payable

Training to Manage the Accounts Payable: Implement Best Practices for Efficiency and Accuracy

In this onsite training, participants will gain the knowledge and skills to streamline the accounts payable process while maintaining efficiency and compliance. By understanding key strategies and best practices, attendees will be able to manage payments effectively and navigate complex regulations. This course emphasizes practical decision-making such as when to approve payments, handle business reimbursements, and ultimately optimizing their accounts payable functions and reduce risks.

(CPE credits available)

Who Should Attend

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

Training Benefits

  • 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 

Overview of Concepts and Deliverables Provided

  • 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 the impact of incomplete paperwork in dollars and cents
  • 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 

 

Accounts Payable Training

Master Accounts Payable Accounts Payable Training Courses

Alliance accounts payable training is designed to provide best practices for accounts payable managers, directors, controllers, and vice presidents. Our training programs are presented in an engaging, interactive, hands-on style, and are led by veteran accounts payable management experts and practitioners. Running an effective accounts payable department requires knowledge that covers a wide variety of topics such as hiring independent contractors, sales and use tax liability, IRS reporting for Form 1099-MISC, garnishment withholdings, and more.

Learn the best practices for accounts payable.

The accounts payable professional has dealt with more changes in the last five years than in the previous twenty and there are no signs of this trend slowing. The Alliance accounts payable seminars prepare accounts payable professionals to deal with these changes and make a positive impact on the company’s bottom line. 

These courses provide practical information on accounts payable processes and procedures for utilizing best practices in accounts payable.

Onsite Accounts Payable Training Sample Programs

Determining Independent Contractor Status Determining IC Status
Managing Accounts Payable Managing Accounts Payable
Sales and Use Tax Sales and Use Tax
The 1099 Course The 1099 Course

Online Accounts Payable Training Courses

The 1099 MISC Course The 1099 MISC Course
Independent Contractor Status Determination Independent Contractor Status Determination
The Basics of Sales and Use Tax The Basics of Sales and Use Tax

Accounts Payable Training Related Articles

Independent Contractor Status Determination Coming Soon

 

(Explore all Finance and Accounting courses, seminars and workshops.)