Accounts Payable (A-P)

Uses the basic concepts of accounts payable.

Initiates major types of accounts payable transactions.

Describes the basic steps and tools for maintaining accounts payable information.

Summarizes basic accounts payable reports.

Processes accounts payable transactions as a regular part of daily work.

Prepares purchase orders, invoices, receipts, debits, credits and adjustments.

Assists in processing discounts and special invoices.

Verifies that goods and services were delivered as promised.

Explains current accounting practices and closing cycle procedures and requirements.

Supervises all aspects of maintaining accounts payable records.

Delegates tasks relating to key issues and considerations for day-to-day A-P operations.

Teaches the practices for interdepartmental, partnership, and special case processing.

Analyzes data flow between the A-P, General Ledger and other financial systems.

Trains others in reconciliation and back period adjustment practices and procedures.

Resolves common and complex A-P errors or problems.

Directs an enterprise-wide accounts payable function.

Mentors others on A-P considerations for multi-national or global suppliers and transactions.

Leads discussions on the rationale behind established accounts payable processes.

Leads in designing, customizing and creating complex reports.

Creates a monitoring system to maintain the quality and accuracy of accounts payable data.

Designs and promotes A-P policies and best practices.