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OnDemand Course

Accounts Payable Best Practices

Join the discussion of the newest best practice every organization should implement to reduce cost and maximize productivity.

By reviewing this information, CFOs, controllers, AP managers and AP supervisors can learn how to reduce the expenses involved in the accounts payable process. The materials will include a breakdown of the most common practices for invoice boarding, invoice approval and invoice payment. Those practices will be contrasted with best practices to show how adopting best practices can reduce costs while improving performance in this often overlooked department.

Learning Objectives

  • You will be able to identify invoice boarding best practices
  • You will be able to recognize invoice approval best practices
  • You will be able to identify best practices in the payment of invoices.
  • You will be able to identify how to reduce the costs of processing Accounts Payable invoices

Runtime: 100 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of A/P Process

Invoice Boarding Current Practices

Invoice Boarding Best Practices

Strategies for Reducing Invoice Boarding Expenses

Invoice Approval Current Practices

Invoice Approval Best Practices

Strategies for Reducing Expenses and Making Money Via Invoice Approval

Invoice Payment Current Practices

Invoice Payment Best Practices

Strategies for Generating Revenue and Eliminating AP Expenses Via Invoice Payment

Tips

General Observations in AP

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 5, 2019.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.5 including Accounting 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.5 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Bill Becker

Bill Becker

Recordsforce, Inc.

  • Certified electronic content management practitioner (ECMP)
  • Has worked in the process automation industry for over 25 years
  • Experience includes the implementation of over 500 A/P cost reducing solutions for his clients
  • Co-founded Recordsforce with his wife Katja in 2001, and was named one of the top fastest growing companies in NH in 2016, 2017 and 2018 by NH Business Magazine
  • Recordsforce specializes in outsourced A/P automation
  • Currently his business processes over 200,000 A/P invoices per month for over 100 A/P departments
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
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  • Executive Reports
  • White Papers and Articles
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Additional benefits include:

  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407219
Published 2019
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