Accounts payable is a crucial organisational function, pivotal in maintaining financial health and sustaining operational efficiency. The accounts payable team manages the organisation's outgoing payments to vendors, suppliers, and service providers. Timely and accurate processing of payables is essential to uphold positive relationships with stakeholders and ensure the uninterrupted flow of goods and services.
Efficient accounts payable management involves overseeing the day-to-day processing of invoices and implementing rigorous control measures to prevent errors and fraud. It requires keen attention to detail, strong organisational skills, and a thorough understanding of financial processes.
Effective communication is also paramount in liaising with internal departments and external vendors to resolve discrepancies and streamline payment processes.
To effectively manage an accounts payable team, it’s important to combine financial acumen, organisational prowess, attention to detail, and adaptability to navigate the dynamic landscape of financial management.
Upon completion of this course, participants will be able to:
This course is designed for anyone responsible for developing and managing an effective accounts payable team. It would be most beneficial for:
This course uses a variety of adult learning styles to aid full understanding and comprehension. Participants will review trainer-led presentations regarding the essentials of an accounts payable team and understand the necessary audits to manage and mitigate risks.
They will review various accounting systems to understand how to protect the organisation against security threats and utilise the information available most effectively to make the best financial decisions. Finally, participants will learn how to train and manage a team of accounts payable staff most effectively to meet KPIs and save money for the business.
Section 1: The Health of Financial Organisations
Section 2: Accounts Payable Essentials
Section 3: Managing An Accounts Team
Section 4: Key Areas of Risk in Accounts Payable
Section 5: Managing Behaviours in Accounting
Section 6: Excel & Other System Use in Accounts Payable
Upon successful completion of this training course, delegates will be awarded a Holistique Training Certificate of Completion. For those who attend and complete the online training course, a Holistique Training e-Certificate will be provided.
Holistique Training Certificates are accredited by the British Accreditation Council (BAC) and The CPD Certification Service (CPD), and are certified under ISO 9001, ISO 21001, and ISO 29993 standards.
CPD credits for this course are granted by our Certificates and will be reflected on the Holistique Training Certificate of Completion. In accordance with the standards of The CPD Certification Service, one CPD credit is awarded per hour of course attendance. A maximum of 50 CPD credits can be claimed for any single course we currently offer.