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Training Course Summary:

The Accounts Payable function, together with the supporting paperflows is often the primary control over the purchasing process. The process is often jeopardised however by lack of understanding of the transactions involved, misinterpretation of the information available or a breakdown in basic controls. This workshop provides an understanding of the mechanics of the Accounts Payable function, its supporting paperflows and the key control issues.

Course Objectives:
Transactions within Accounts Payable
The role of thePurchases Day Book
Procedures, checks and controls
Account reconciliation and payment

Who Should Attend:

All personnel involved either directly or in the supervision of the Accounts Payable function

Training Course Overview/Content:

The role of Accounts Payable
Introducing VAT Input Tax
Interpresting suppliersterms and conditions
Procedures
Placing the order
Receipt of goods and services
Goods returned
The Supplier Account Transactions
Processing the invoice or credit note
Discounts receivable
Reconciling the account
Paying the supplier s account