Live Webinar

90-minute live streaming program
  • May 9
  • 1:00 - 2:30 pm EST

Also available as:

OnDemand Course

Accounts Payable Best Practices

May 9

Learn how entity types impact AP posting, prevent fraud, implement controls, manage vendors, and maintain accurate payables.

Learn how different entity types alter the way accounts payable are processed and where transactions flow to the financial statements. Develop a hit list on preventing and recognizing fraud in the payables wheelhouse and how to implement internal controls to protect your payables process. Learn the best practices of vendor maintenance. Gain good bookkeeping practices to keep your payables current and accurate.

Learning Objectives

  • You will be able to explain how different types of entities’ payables flow to various and appropriate accounts on the financial statements.
  • You will be able to recognize fraud risks and implement prevention strategies.
  • You will be able to discuss how to implement good bookkeeping practices for your AP staff.
  • You will be able to identify best practices in vendor maintenance.

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Why Lorman?

Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Entity Types Effect Posting Procedures
  • Wholesale vs. Construction vs. Accounting Entities
  • Posting Bills to Inventory, COGS, or Overhead Expenses
Accounts Payable Fraud
  • Methods of Fraud Payables Clerks Might Use
  • Methods to Find Potential Fraud
Internal Controls in Accounts Payable
  • Segregation of Accounts Payable Tasks
  • Fast and Easy Steps to Implement Internal Controls
Vendor Maintenance
  • Proactive Vendor Set up
  • Avoid the Year-End 1099 Vendor Headache
Good Bookkeeping Practices for the AP Clerk
  • Prevent Duplicates, Underpayments and Overpayments
  • Helping Your AP Staff Become Good Steward of Your Books
Questions and Answers
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Why Lorman?

Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 1.8 including Business Management and Organization 1.8
     
  • Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Management and Organization for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

OnDemand Course

This course was last revised on January 8, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, presidents, vice presidents, finance directors, accounts payable professionals, and bookkeepers.

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Why Lorman?

Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Donna Wright

Donna Wright

Doing Books Right

  • Founder and owner of Doing Books Right, established in 2005
  • Freelance full charge bookkeeping since 1999
  • Certified Bookkeeper, QuickBooks ProAdvisor
  • Master level bookkeeper, with over twenty years’ experience in Full Charge Bookkeeping, QuickBooks, GAAP, accounting clean up, management, and payroll.
  • Wide range of expertise regarding clean up and set up of various entities from the private sector such as agriculture, gas stations, food services, wholesale, construction, and retail to non-profit churches, rescues, leagues, schools, and the healthcare industry
  • Consultant and trainer who works with businesses to clean up their books, understand and develop long-lasting procedures for maintaining accurate financial reports
  • Development and implementation of Standard Operating Procedures
  • Can be reached at (209) 331-4141, [email protected] or www.doingbooksright.net
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Why Lorman?

Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 411158
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