Managing Accounts Receivables and Payables

This workshop has condensed tons of information to get to the essentials-the very latest proven Accounts Receivables and Payables techniques, accepted best practices guaranteed to improve your accuracy and serve money.

CONTENT

*Success Elements of Accounts Payables and Accounts Receivables

Qualities the best AP and AR pro share

Paying the bills

Critical processes, systems and procedures

*Internal Controls that make Job Easier

Your Organization’s Controls

Vendor number controls and receiver controls

Eliminating Duplicate Payments

Stop Expense Account Padding

*AP and AR Technology and Trends

Methods of Payments

Electronic Funds Transfer (EFT)

International Payment

AP and AP Software

*Accounts Receivable

The cost of credit

Risk in Credit Management

Customer Credit Evaluation

Terms of Trading

*Collection Tools and Techniques

Eliminating barriers to payment

Recognizing excuses and delaying tactics

Litigation and Recoveries

Building Relationships with Customers

Negotiation Skills for Successful Collection

FOR WHOM:

Accountants, Auditors, Accounts Payable and Accounts Receivable Managers, Treasurers, Credit Managers, Sales and Marketing Managers and others who perform related functions.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.