ALF-3050 Accounting for Accounts Payable

Quick Facts

Price
$240

Continuing Education Units (CEUs)
3

Course is Part of this Program
Accounting Studies Certificate

Course Length
Self-Paced (Must be completed within 6 months)

Course Dates & Locations
Courses are online and can be started anytime

Your registration will be handled by a secure payment system. Credit card information will not be saved.

Register

Overview

Gain an introduction to the proper accounting procedures for working with accounts payable. Learn about everything from documentation you will encounter to purchase requisitions to payables and expenses.

Who Should Attend

  • Anyone who desires to have a better understanding of basic accounting, work in an accounting department or implement accounting practices into their work or lifestyle

Course Objectives

  • Accounts payable is the current liability account that shows the amount a company owes
    • Decide when to pay invoices
    • Develop relationships with employees
    • Determine legitimacy of invoices
    • Report financial information to vendors
    • Reporting accounts payable
  • Documentation you encounter in accounts payable
  • Purchase requisition
    • Documents in the order process
      • Purchase requisition
      • Purchasing order
    • Receiving documents
      • Packing slip
      • Bill of lading
    • Payment process documents
      • Invoice
      • Statement
  • Payables and Expenses
    • Current payables
    • Long term payables
    • Accrued expense payable
  • Steps in processing accounts payable
  • Match the proper documents
  • Review documents
    • Code documents and assign expense accounts
    • Enter/record documents
    • Identify what to pay by running an accounts payable aging report
    • Cut checks
    • Reconcile sub ledger to general ledger
  • Coding an invoice
    • Questions to ask when processing accounts payable

Contact Us

Office of Professional Education, Worldwide Campus
600 S. Clyde Morris Blvd.
Daytona Beach, FL 32114-3900

This is a self-guided online course; you will be able to complete this course at your own pace, from wherever you choose.