Accounts Payable Planning and Organising Practices

Courses Syllabus

The Contents:

• The role of auditors and what you can do to prepare for their visit
• Internal checks and controls; error and fraud prevention and detection
• Setting up new supplier accounts
• Performing supplier statement reconciliations
• Processing expense claims and credit card statements
• Capital and revenue expenditure
• Introduction to VAT and non-deductible items
• Processing pro-forma invoices & VAT payment schedules
• Monitoring costs, reclaiming credit notes, rebates and overpayments
• Claiming settlement discounts
• Spotting errors and mistakes promptly and avoiding duplicate payments
• Journals, prepayments and accruals
• Performing supplier statement reconciliations
• Reviewing the Aged Creditors Listing
• Monitoring costs
• Managing Budgets and maximising supplier discounts
• Cash Forecasting