Accounts Payable Basic Training |Advanced Accounts Payable Course accounts-payable-basic-training

Accounts Payable Basic Training

Accounts Payable

Accounts payable is a current account of liability in which business records the amount it owes to providers or sellers for products or services it got on credit. Total accounts payable balance of a business firm gets registered in a balance sheet to pay within a specified period to prevent default.

At the corporate level, Account Payables refers to short-term debt payments due to vendors.  Moreover, it is an essential aspect of the company’s balance sheet. Accounts payable is also crucial in handling a business’s cash flow. An accounts payable process also checks any overdue charges, penalty or late fees to be paid.

Benefits of accounts payable

Below mentioned are the benefits of account payable:

  • Provides accuracy in data entry
  • Reduces chances of errors or mistakes
  • Provides greater time efficiency
  • Enhances customer services
  • Promotes collaboration among employee
  • Helps in getting financial gains
  • Achieve operational excellence
  • Optimizing cash flow
  • Maintaining long term relationships with the vendors

Accounts payable basic training

Accounts payable basic training will provide an introduction and a clear cut perspective of dealing with the accounts payables. It will make individuals learn about the industry’s best practices for collecting and processing invoices and making payments to vendors, customers, and other third-party companies. Apart from that, this training will make the students learn how to reconcile the department’s payment reports along with making precise bookkeeping records.

Similarly, candidates will also get an understanding of managing cash and other finances effectively that will lead to the reduction of costs and improvement of cash flows. This training will be a combination of theoretical courses along with professional practices and will provide comprehensive guidance in the practical context with the use of examples and case studies.

Accounts payable process

Each business firm has an accounts payable department which solely depends on the size of a company. Below mentioned is the process of accounts payable:

  • Collecting the bill
  • Scrutinizing the bill for details
  • Updating the records of the received bills
  • Making timely payment

Objectives of Accounts payable basic training

Accounts payable basic training intends the participants to achieve the following goals.

  • Understanding the signification of accounts payable principles, supply chain and cash flows
  • Management of cash and payment methods
  • Reduction of cost and improvement of cash flows
  • Affect of errors or mistakes on business productivity and its accounts payables
  • Best practices of the leading organizations worldwide in accounts payables
  • Tactics for engaging Accounts Payable Staff
  • Learned the role of Accounts Payable Management in controlling the organization’s financial burden
  • Prevention of payment fraud

Course module of Accounts payable basic training

Following courses will provide a brief overview of the payable accounts:

  • Basic Accounting Course
  • Functions of Accounts Payable Course
  • Advanced Accounts Payable Course
  • Bookkeeping Course
  • Payroll Operation Course
  • Cost Accounting Course

Enrollment criteria for Account Payable Basic Training

Candidates getting enrolled in the training should have:

  • A degree or background in accounting, finance or related field.
  • Education along with professional experience
  • Strong mathematical and computer skills
  • Understanding of the bookkeeping software
  • Good typing skills
  • Excellent communication, research, problem-solving, and time management skills.
  • Detail-oriented
  • Accountable and efficient in dealing with the business matters
  • Customer service skills
  • Other professionals who can also take benefit for this training are Finance Executives, Accountants, Accounts Payable Managers, accounts Payable Supervisors and Accounts Payable Staff.

Possible job opportunities

Following are the offered job roles after the successful completion of this training:

  • Accounts payable specialist
  • Accounts payable clerk
  • Accounts payable trainer
  • Accounts payable manager
  • Accounts payable team lead
  • Accounts payable administrator  
  • Accounts payable assistant
  • Accounts payable supervisor

The average salary of the accounts payable job posts ranges from £23,000 to £32,500.

How can Future Connect Training relate?

If you have decided to get valuable training, make sure the training institute you are choosing should be reputable too. Only then it can provide you with the best knowledge they have along with the practical application of the learned skills.

We value your concerns. Therefore, we are keen to provide you with the best accounting training services near you at our training organization “Future Connect Training”. It is one of the best training providers in the UK which solely aims for your success and professional strength. Apart from that, we also provide you with the instruction workbook with an elaborated introduction of our highly qualified and expert team members who will allow their guidance.

You will also get a CPD approved certificate by the end of your training. On the other hand, our support section will also be giving you it’s extended backing in terms of CV building. It will also provide interview advice in finding the jobs.

Our offices are in London, Harrow and Birmingham. You can give us a call at 02037908674 or 01212959988 anytime for a free consultation session whenever you want. For further information, please visit our official website.