ACCOUNTS PAYABLE BEST PRACTICES ACCOUNTS PAYABLE BEST PRACTICES

This six-part series will provide a comprehensive review of accounts payable best practices in the self-study format.

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to access the self-study program.
To sign into your existing account: *To create a new account:

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*Once you've completed your registration, click on the self-study link in the left navigation.

Members: $495 (indidivual sessions available for $89)
Nonmembers: $595 (individual sessions available for $109)

Course curriculum:

Session One: Change Management and Benchmarking

  1. Introduction and Background
  2. Mindset Changes
  3. Adapting Your Organization to Best Practice Solutions
  4. AP Benchmarking
  5. Developing the AP Strategy

For a detailed session description - click here.

Session Two: Evaluated Receipt Settlement

  1. Introduction and Background
  2. Procurement Cycle
  3. ERS Process
  4. ERS Impacts and Implementation Approach

For a detailed session description - click here.

Session Three: Purchasing Card

  1. Introduction and Background
  2. P-Card Process
  3. General Policies and Procedures
  4. Impacts and Implementation Approach

For a detailed session description - click here.

Session Four: Non-Purchase Order Transactions and Payment Strategies

  1. Introduction and Background
  2. Non-PO Transactions Best Practices
  3. Opportunities for Major Cost Reductions
  4. Processing Alternatives for Non PO Transactions
  5. Payment Strategies
  6. Payment Terms and Cash Flow Considerations
  7. Payment Methods and Cost Analysis Strategies

For a detailed session description - click here.

Session Five: Travel and Entertainment Expense

  1. Introduction and Background
  2. Existing T&E Expense Process and Statistics 
  3. Internal Revenue Requirements
  4. The New T&E Process
  5. Effective T&E Policies and Procedures
  6. Implementation of the Redesigned Process

For a detailed session description - click here.

Session Six: Purchasing and Receiving

  1. Introduction and Background
  2. Procurement Cycle 
  3. Adopting Best Practice Strategies for Purchasing
  4. Adopting Best Practice Strategies for Receiving

For a detailed session description - click here.