Accounts Payable and Receivable

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1. 1

   Introduction to Accounts Payable and Receivable

   • What are Accounts Payable and Receivable?
   • The Purchase-to-Pay and Order-to-Cash Cycles
   • Why AP and AR Matter to a Business
   • Key Terms and Concepts in AP and AR
2. 2

   Core Accounting Concepts for AP and AR

   • Understanding Supplier Onboarding
   • Understanding Customer Onboarding and Credit
   • The Role of Purchase Requisitions and Orders
   • Sales Orders and Delivery Documentation
3. 3

   Accounts Payable: Managing the Purchase-to-Pay Cycle

   • The Purchase-to-Pay Cycle Overview
   • Invoice Processing and Matching
   • Payment Runs and Controls
   • Supplier Statement Reconciliation
   • Preventing Payment Fraud in Accounts Payable
4. 4

   Accounts Receivable: Managing the Order-to-Cash Cycle

   • The Order-to-Cash Cycle Overview
   • Billing and Customer Statements
   • Effective Collections Processes
   • Managing Customer Disputes and Credit Notes
   • Cash Allocation and Reconciliation
5. 5

   Integration, Reporting, and Continuous Improvement

   • Month-End Reconciliation of Control Accounts
   • Key Performance Indicators for Accounts Payable
   • Key Performance Indicators for Accounts Receivable
   • Identifying Opportunities for Process Improvement
   • The Importance of Internal Controls
6. 6

   Course Review and Next Steps

   • Review of the Purchase-to-Pay Cycle
   • Review of the Order-to-Cash Cycle
   • Common Mistakes and How to Avoid Them
   • Applying Your Knowledge and Next Steps