Service

Accounts Payable

• Input vendor invoices to payable system

• Maintain vendor master files
• Respond to vendor inquiries about payment status
• Retrieve copies of payments as necessary
• Process requests for stop payments when necessary
• Cut checks to vendors based on due dates or client instruction
• Reconcile vendor statements to accounts payable ledger
• Reporting to organization on detailed aged payables and cash requirements

Procedure

Accounts Payable Business Process Management

• Document Imaging
• Workflow
• Data Entry/Capture
• Invoice Approval
• Purchase Order
• Receipt Matching
• Exception Management
• Disbursement
• Vendor Relations

Features

Accounts Payable

• Easy, accurate forecasting of current and future cash requirements

• Preview of reports to screen, fax and e-mail capabilities
• Complete purchase analysis of vendors
• Provide automation of payment processing
• Take advantage of discounts
• Streamline data processing by approving vendor invoices electronically
• Support recurring entries
• Allow for manual and void check processing
• Preview of reports to screen, fax and e-mail capabilities

Accounts payable benefits...

• Centralized supplier invoice control

• Purchase order and invoice matching
• Approved account payment listings
• Automated account payments to suppliers using BACS
 • Supplier statement reconciliation
• Released management time to focus on core activities

The excellence gained through working closely with diverse industries such as manufacturing,
transportation, automotive, pharmaceutical, media and entertainment stands us in good stead. Whether you
desire to outsource your accounting department to bookkeeping firm or need assistance in a specific area
like accounts payable, our highly skilled accounts payable manager can assist you with the day-to-day tasks
associated with your accounting needs.

Essentials of Accounts Payable Management

Presenter: Jon Casher— APM, Senior Consultant, IOMA and President of Casher Associates

In today’s high-risk world of Accounts Payable, where processes and procedures are becoming increasingly
complex, AP managers must step up to the new tasks at hand. It’s no surprise that management of the AP
department is in a “transformational” state, requiring new skills, novel approaches, and strategic thinking.

In this curriculum, you’ll learn the critical skills, tools and techniques needed to effectively manage your AP
department — optimizing staff productivity while mitigating risks of error, serving the new requirements of
your internal and external customers, and ridding your department of unnecessary paper and processes.

Designed to help AP Managers negotiate their hectic schedules, this two-course curriculum is geared toward
AP managers challenged by increasing transaction volume, control concerns and productivity deficits. It also
serves as a great preparatory tool for taking the APM Certification test.

This curriculum earns 3 CEU credits for the IOMA/TAPN Accounts Payable Certification Program

Important: You have three weeks to complete all of the requisite courses for this curriculum (see below).
For technical support and answers to questions in reference to the eLearning Academy and how to complete
your certification program, please email jcasher@ioma.com and include "eLearning Academy Question" in
the subject line.

The Essentials of Accounts Payable Management Curriculum consists of the following courses:

The Accounts Payable Management Procedures explains practices for documenting, recording and issuing
payments for accounts payable transactions.

This accounts payable procedure ensures only valid and authorized payables are recorded and paid, and it
secures the accuracy of general ledger accounts and appropriate timing of payments. The accounts payable
procedure applies to all purchases and describes the responsibilities of the CFO, purchasing, accounting
and accounts payable. (6 pages, 1556 words)

Activities Covered in the Accounts Payable Management Procedures

• Documenting Accounts Payable

• Recording Merchandising Payable
• Recording Non-Merchandise Payables
• Payment of Accounts Payable
• Manual Checks