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Accounts Payable and Receivable

Acudemy Training
Course summary
Professional Training
3 days
583.33 GBP excl. VAT
Professional Training
Course Dates
Online courses
583.33 GBP

Online courses
583.33 GBP

Online courses
583.33 GBP

Course description

Accounts Payable & Receivable

An accounts payable and receivable system is an important part of any business today. This module will enable you to understand the processes behind purchase ledger and accounts receivable management which in turn improves accuracy and reduces costs associated with the work of the Accounts Payable and Receivable departments.

Suitability - Who should attend?

This course is ideal and recommended for Accounts Payable/Receivable team leaders who have a minimum one-year years’ experience or who is new to Purchase/Receivable Ledger Supervisor roles or new Accounts Assistants.

There are no prerequisites or entry requirements, as long as you want to get more experience in the field of Accounts Payable, this is the right place for you.

Outcome / Qualification etc.

  • Learn how to restrict fraudulent practices in your accounts receivable department.
  • How to increase your turnover.

Training Course Content

Accounts Payable (Day 1 and Day 2)

Key points which will be covered:

  • Understanding the importance of your role
  • Understanding 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 maximizing supplier discounts
  • Cash Forecasting
  • Month end and year end procedures, the purpose of management accounts
  • Effective filing
  • Paperless AP technology

Accounts Receivable (Day 3)

The accounts receivable information is as follows:

  • The importance of cash flow
  • Techniques to get money into your business quicker
  • Cash vs credit customers
  • The working capital cycle

Why choose Acudemy Training

100% certified & specialised trainers delivering face to face, webinars and on-site courses

5 locations where courses are being delivered, with a concentration to Central London

More than 90% of satisfied individuals and organisations (2000+ students trained so far)

About provider

Acudemy Training - Expert Training in Accountancy, Finance, Process Management, Project Management, Leadership & Management Skills. 

Acudemy provides recognised and bespoke training within specialised fields of Finance and Management. Our offering has been specifically designed to help individuals achieve their educational and career goals. We currently offer classroom based learning which serves the London area with...

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Contact info

Acudemy Training

Acu Empire House
225 Gray’s Inn Road
WC1X 8RH London

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