Communicating the Role of Accounts Payable to Others
What you'll learn
- Identify the functional areas from which Accounts Payable operations need input.
- Explore the procedures that should be documented.
- Discover the benefits of open communications with others within the company.
- Recognize what actions to take if incorrect details or documentation are presented to Accounts Payable.
Requirements
- Take the following courses: A Deep Dive into Accounts Payable Operations
Description
Tasks performed in Accounts Payable (AP) quite often need input from other functional areas within the company. Is this required information being supplied? If so, is it correct?
Learn how to document and distribute detailed procedures, and explore how the information supplied is used and the importance of it being presented in the required format. Too many people working in other departments assume that Accounts Payable can make assumptions. Are they making guesses when performing their work? Explain why this is not a best practice.
In this course, various topics are presented and examples of communications are given. Methods for getting procedures out to the appropriate parties are also covered.
Recognize how to reduce frustration not only for Accounts Payable personnel but for anyone submitting information or documentation to AP, and discover how to make details of procedures available.
Improve the timely posting of costs, and include due dates for the submission of invoices, expense reports and other payment requests that need to be posted or accrued for by the end of the fiscal period.
Accounts Payable operations have the responsibility for processing invoices and other payment documents promptly and accurately. Let others in the company know they need to do their part for the benefit of the company, not just for Accounts Payable.
Who this course is for:
- Anyone interested in Accounting, Finance, or Bookkeeping.
Course content
- Preview04:52
- Preview07:01
- 05:56The Benefits
- 05:27What to Communicate
- 08:48Examples of AP Related Communications
- 06:52Communicating the Role of AP - Conclusion
Instructors
![Illumeo Learning](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.0 Instructor Rating
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Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
- 4.2 Instructor Rating
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I started CS Process Flows, LLC in April of 2016 after a 30+ year career working in various accounting areas. My career in accounts payable started when I was hired as a processor. Then I worked my way through accounts receivable and general accounting before coming back to accounts payable as a manager. The challenges presented in Accounts Payable and all of the exciting changes going on in this area over the last few years and into the future are my passion.
My experience includes building new AP operations, identiifying ineffecienies and implementing solutions in existing teams and being involved with other areas of the Procure to Pay work stream. I have success in establishing and strengthening relationships with team members within Procurement, IT, and other areas of finance when working on AP related projects and with management of outsourced delivery centers overseas.
Needless to say, I have learned a lot and I want to share my knowledge with companies that may be just starting to explore some of the options now available. or simply what to improve their current operations.
My experience includes managing up to 25 AP staff members processing upwards of 30K invoices a month, so I am very aware of what it takes to manage transations. I have also managed the implementation of several different types of AP workflow systems over the years, a Concur Travel and Expense reporting system, different Corporate Card programs, including both Purchasing and T & E cards, and ACH payment programs. My experience also includes a project to outsource check printing and the transition of 7 Tyco Business Units to an outsourced delivery center in India.
I am an Accredited Payables Manager (APM).
I hope by sharing what I have learned, I can help you.