Using Accounts Payable (AP) Course Overview

Course Prerequisites

Target Audience for Using Accounts Payable (AP)

Learn to manage financial operations effectively with our Accounts Payable (AP) course, designed for finance professionals and accountants.

• Accounts Payable Clerks
• Accounts Payable Managers
• Accountants
• Finance Officers
• Financial Controllers
• Bookkeepers
• Purchase Managers
• Procurement Officers
• Supply Chain Analysts
• Business Owners managing their own finances
• Financial Auditors
• ERP System Administrators
• Financial Analysts
• Accounts Receivable Specialists looking to expand their skillset
• Operations Managers with financial responsibilities

Learning Objectives - What you will Learn in this Using Accounts Payable (AP)?

Brief Introduction to the Course's Mentioned Learning Outcomes and Concepts Covered:

Gain practical skills in managing finances with our Accounts Payable course, covering vendor management, transaction processing, and financial reporting within NetSuite.

Learning Objectives and Outcomes:

• Configure the Accounts Payable home dashboard to streamline financial operations and enhance user experience.
• Create and maintain vendor records efficiently, including associated contacts, to ensure accurate data management and communication.
• Manage the procurement process from creating and approving purchase requests to generating and receiving purchase orders.
• Understand the purchase order workflow, including approval, rejection, receipt, and billing processes, to maintain control over purchasing activities.
• Process financial transactions such as entering and approving bills, holding payments, and executing bill payments with accuracy and compliance.
• Handle vendor credits and returns authorizations, including their creation, approval, and the crediting process, to accurately reflect transactions in the financial system.
• Learn the end-to-end process of issuing checks, including printing, writing, voiding, and managing bill payments, to ensure secure and orderly payment operations.
• Address sales tax payments within the accounts payable context to remain compliant with tax regulations.
• Utilize NetSuite's reporting capabilities to generate insightful accounts payable and standard purchase reports for informed decision-making.
• Gain proficiency in navigating and customizing NetSuite reports to monitor and analyze financial data effectively.