{"id":3564,"date":"2021-10-21T10:06:39","date_gmt":"2021-10-21T10:06:39","guid":{"rendered":"https:\/\/avantgardenigeria.com\/?post_type=product&#038;p=3564"},"modified":"2024-12-12T16:01:09","modified_gmt":"2024-12-12T16:01:09","slug":"best-practices-in-accounts-payable-and-accounts-receivable","status":"publish","type":"product","link":"https:\/\/avantgardenigeria.com\/index.php\/product\/best-practices-in-accounts-payable-and-accounts-receivable\/","title":{"rendered":"BEST PRACTICES IN ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE"},"content":{"rendered":"<p><strong>Objective <\/strong><\/p>\n<p>In accounting, confusion sometimes arises when working between accounts payable and receivable. The two types of accounts are very similar in the way they are recorded but it is important to differentiate between accounts payable and receivable because one of them is an asset account and the other is a liability account. Mixing the two up can result in a lack of because in your accounting equation, which carries over into your basic financial statements. This course will show you exactly how to account for and manage receivables and payables for your organization. By the end of this workshop, participants will learn;<\/p>\n<ul>\n<li>How to make known liabilities, estimate warranty liabilities and plan for the contingent liabilities that result from legal issues<\/li>\n<li>The main techniques for how to calculate a bad debt provision amount based on a company\u2019s history<\/li>\n<li>Receivables and payables are essential tasks of any accounting desk, so learning how to understand and manage them is an absolute must for any aspiring accountants<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<h3>Content<\/h3>\n<p><strong>Preparing Reconciliation Reports <\/strong><\/p>\n<ul>\n<li>Errors and Discrepancies<\/li>\n<li>Bank Reconciliation<\/li>\n<li>Reconcile Outstanding Balances<\/li>\n<li>Policies and Procedures<\/li>\n<\/ul>\n<h6>Accounts Payable Process and Best Practices<\/h6>\n<ul>\n<li>Invoice Handling and Routing<\/li>\n<li>Methods of Payment Processing<\/li>\n<li>Maintaining the Vendor Master File<\/li>\n<li>Travel and Entertainment (T &amp; E)<\/li>\n<li>Electronic Payment Options<\/li>\n<\/ul>\n<h6>Credit Management<\/h6>\n<ul>\n<li>Monitor and review Credit Terms<\/li>\n<li>Good Credit Policy<\/li>\n<li>Dealing with Credit Complaints<\/li>\n<\/ul>\n<h6>Key Topics in Accounts Payable Management<\/h6>\n<ul>\n<li>Continuous Process Improvement<\/li>\n<li>Developing Performance Metrics<\/li>\n<li>Identifying Proper Internal Control<\/li>\n<li>Detecting Fraud in Accounts Payable<\/li>\n<\/ul>\n<h6>Debt Collection and Recovery<\/h6>\n<ul>\n<li>Verify Bad and Doubtful Debts<\/li>\n<li>Plan Recovery Action and Collection Procedures<\/li>\n<li>Legal Action<\/li>\n<li>Pros and Cons of Early or Late Payment<\/li>\n<\/ul>\n<h6>Overview of Accounts Receivable<\/h6>\n<ul>\n<li>Age- Analysis of Accounts Receivable<\/li>\n<li>Accounts receivable Ledger System<\/li>\n<li>Overdue Amounts to be Paid<\/li>\n<li>Billing Adjustments<\/li>\n<li>Discounts<\/li>\n<\/ul>\n<p><strong>FOR WHOM: <\/strong>Reconciliation Officers, Credit Managers, Managers of Accounts Payable, Accountants, Auditors, and specialists who wish to advance their career. The workshop is also beneficial to professionals in accounting, finance, purchasing and procurement who work closely with Accounts Payable and Receivable.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>DATE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 28<\/strong><strong>th \u2013 30<\/strong><strong>th April, 2025<\/strong><\/p>\n<p><strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 29th &#8211; 31st October, 2025<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/avantgardenigeria.com\/index.php\/registration\/\"><img decoding=\"async\" class=\"alignnone wp-image-3464\" src=\"https:\/\/avantgardenigeria.com\/wp-content\/uploads\/2017\/12\/register-1.jpeg\" alt=\"\" width=\"202\" height=\"67\" \/><\/a><\/p>\n","protected":false},"featured_media":3267,"comment_status":"open","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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