A sizeable share of a company’s working capital is tied up in accounts payable and accounts receivable which poses a high liquidity risk. To truly and effectively manage accounts payable and receivable, one must understand the department’s building blocks including but not limited to customer service, vendor management, credit management, cheque requests and Purchase Orders (POs). By the end of the workshop, participants will be able to:
- Develop effective Credit Policies that meet Company’s Objectives
- Use accounting principles related to Accounts Payable and Account Receivable
- Identify the functions of Accounts Payable and Accounts Receivable and their roles in organizations
- Employ Effective Collection Policies
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