In Streamlining and Optimizing Accounts Payable, you'll learn...
- Ways to answer your invoice-management problems and concerns once and for all
- How to coordinate your payment plans and schedules for faster processing
- Create a just-in-time payment plan rather than one constantly pressured by last-minute, rushed checks
- How to streamline your A/P while creating a fail-safe system able to withstand any audit
- And much more!
Phrases such as “they just pay the invoices,” “she handles our bills” and “that department writes the checks” fail to capture the vital and important nature of A/P responsibilities. What you do is critical, and the way you do it has a profound effect on how your company operates. It’s incredibly important you have the foundation, training and insight to handle all the A/P tasks you face each and every day. This workshop will provide those things and much more. Besides all the A/P basics and best practices you’ll gain, your job stress will ease, you’ll take once insurmountable problems in stride, you’ll eliminate extra paperwork and process materials faster and with fewer errors than ever before. Gain the skills to stay on top of it all by attending this valuable training opportunity.
WORKSHOP AGENDA
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What the A/P pros know—understanding the basics+
- Answers to the 15 most common A/P challenges
- The wheel of business and how the A/P spoke keeps it rolling
- How to grasp all that Accounts Payable is … and what it isn’t
- Best practices for managing an A/P staff
- Develop the success characteristics and abilities all A/P pros possess
- See how your Accounts Payable knowledge stacks up
- 7 ways to get the respect your Accounts Payable work deserves
- Ways to work toward A/P department management
Create the controls that manage your work flow+
- The critical 3-way match—between your invoices, purchase orders and receiving documents
- Expense reporting strategies that work for any organization
- Control issues: Ways to establish effective internal controls
- How to tell when you need a post-audit recovery firm
- How to create vendor number and receiver controls
- Don’t let duplicate payments be your downfall … here’s a system that works
- Good planning requires good information—expense to the proper accounts
- Pad, inflate, fake or fudge: Key methods for taking the “stuffing” out of employee expense reports
Ways to work faster, work better and reduce errors+
- How to deal with rush checks and the situations that cause them
- Make your payment records “P.T.C.”: Precise, Timely and Complete
- Cure the headaches of those unauthorized deductions
- Discover new ways to handle your invoice overload and speed invoice payment
- Bouncer duty: How to clear every invoice that crosses your threshold
- How to keep your verification process reasonable and working
- You got billed … but did you get the goods (or services)? How to track the details.
Easy ways to get the information you need from the start—from internal departments to outside vendors+
- Fraud happens … learn the tools to deal with internal and external problems
- The do’s and don’ts of obtaining the approvals you need—easily
- Payment terms offer more flexibility than you think … if you just know how to ask
- 9 proven ways to get the documentation you need from the start
- Purchasing can be your friend … but you have to work together
- The “V” word: How to work with vendors now that they want to be paid
Build optimal records … for planning purposes and audit protection+
- What the federal regs say about how you make and record key payments
- 3 steps to posting entries in your A/P program
- 8 ways to establish a filing system that will disappoint that auditor from #@%$
- Sales and Use Tax compliance issues and how to handle them
- Granting access in a way that won’t add to your workload when they’re done
- Understanding 1099s and other important year-end reporting requirements
- How to build vendor files and what to put in them
There’s money to be made through A/P—here’s how+
- How late is too late to take that discount?
- Should you take early payment discounts … and how do you figure their impact?
- Timing is everything … especially when it comes to payment
- Checks by hand: 3 tests before you pick up your pen
- Proven tactics for VAT (Value-Added Tax) and GST (Goods and Services Tax) recovery efforts
- Don’t be caught singing those late-fee blues
- How to save money by sidestepping the 4 most common Accounts Payable mix-ups
Bonus Session: A/P for the New Millennium+
- Key points regarding those suddenly ubiquitous p-cards
- Imaging and EDS: Is electronic data scanning for every company?
- How to seamlessly match Accounts Payable, computers and receiving
- Are you getting the most out of the Internet?
- A hard look at the best A/P software on the market
- Where’s A/P going and how do you make sure you’re there too?
- Made in Heaven: How to be sure your on-line 3-way match works
- Where is A/P headed with e-commerce and e-marketplaces?
- How to handle travel and entertainment in this new age
- EDI: Electronic data interchange is here to stay … how to begin making the most of it
- How to get a handle on the coming XML (extensible markup language)
- Security options for on-line Accounts Payable
- Key sites: Using the Web to expand your A/P knowledge
- What’s A/P benchmarking all about … and how do you use it?
- Going global: How to handle international payables
- 4 ways A/P can approach cell phone bills
