Specialization
Target audience
- Accountants responsible for accounts payable and overhead expenses
2 day
New training
Accounts Payable Training
Prerequisites
No prior knowledge is required.
Objectives
◗ Apply the principles of accounts payable.
◗ Verify supplier invoices by applying the rules for VAT deductibility.
◗ Process invoices for accounting purposes.
◗ Analyze accounts payable.
◗ Manage inventory tasks.
Training program
This program is updated in real time to reflect the latest developments: electronic invoicing reform, new tax rules regarding VAT recovery on passenger vehicles.
◗ Fundamentals and Basic Rules
– The Role of Purchases from Suppliers in the Balance Sheet and Income Statement
– General Accounting Mechanisms
– Accounts Payable Subledger
• Role of the accounts payable accountant; setting up accounts payable: key points; identifying the company’s purchasing process, stakeholders, and their roles
– General terms and conditions of sale or purchase, quotes, purchase orders
– Invoice processing and verification: verifying general terms and conditions of sale or purchase
– Electronic Invoicing Reform: Scope of Application, Timeline, Platform Selection, Impact on Invoices, E-Invoicing, and E-Reporting
– Digitization of Invoices: Rules and Controls to Be Implemented
– Invoice Retention: Methods and Duration
– Monitoring and Reconciliation of Accounts Payable
– Rules for the Deductibility of Expenses
◗ The Different Types of Suppliers
– Suppliers of goods
– Suppliers of general expenses (other purchases and external expenses)
• fees and commissions, preparation of the DAS 2; travel expenses, business trips, receptions, gifts; preparation of the general expenses statement
– Suppliers of fixed assets
• distinction between expenses and fixed assets; maintenance and repair expenses
◗ VAT Management for Vendor Invoices
– Rules and Conditions for Deductibility
– Special Cases
• Exports; non-recoverable; VAT on passenger vehicles: new ruling on recovery; intra-Community transactions; new cases of reverse charge for VAT in the context of subcontracting for real estate work
✔ TEST YOUR KNOWLEDGE | Quiz on Deductible VAT
◗ Accounting for Transactions with Suppliers
– Posting of billing transactions
• sales invoices, down payment invoices; credit memos; discounts/rebates/refunds received or to be received
– Recording payment transactions: cash, checks, credit cards, wire transfers, commercial paper, foreign currencies
– Implementing internal control procedures and cybercrime monitoring
– Foreign exchange differences
– Discounts
✔ APPLY | Practical exercise: recording purchases and payments to suppliers
◗ Inventory work
– Analysis and justification of financial statements: account reconciliation, schedule of payments
– Consequences of separating fiscal years
– Allocating expenses to the appropriate fiscal year
• Accrued expenses; prepaid expenses
– Invoices and credit memos receivable
✔ APPLY | Practical exercise: Calculating and recording inventory transactions
◗ Coping with Challenges
– Preventing risks: information to obtain
– Identifying the causes of disputes
– Forwarding the information to the appropriate department
✔ ASSESS | Knowledge assessment quiz
Why choose this course?
In the accounting department, you manage accounts payable and general expenses.
This training course helps participants master the mechanics of accounts payable, review and process invoices, reconcile accounts, manage inventory tasks, and understand the implications of electronic invoicing.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€1,630 (excluding tax)