Course information

Accounts Payable and Receivable Training Course Outline

Module 1: Introduction to Accounts Payable and Receivable

  • Overview of Accounts Payable (AP) and Accounts Receivable (AR)
  • The importance of AP and AR in financial management
  • Key terminology and concepts

Module 2: Accounts Payable Processes

  • The AP Cycle: From Invoice Receipt to Payment
  • Invoice processing and verification
  • Handling discrepancies and disputes
  • Managing vendor relationships

Module 3: Accounts Receivable Processes

  • The AR Cycle: From Invoice Generation to Payment Collection
  • Customer invoicing and credit terms
  • Payment collection and reconciliation
  • Handling overdue accounts and bad debts

Module 4: Financial Reporting and Compliance

  • Generating and interpreting AP and AR reports
  • Compliance with accounting standards and regulations
  • Internal controls and audit procedures

Module 5: Automation and Technology in AP and AR

  • Overview of accounting software and tools
  • Implementing automation to streamline processes
  • Data security and privacy considerations

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Who should attend this Accounts Payable and Receivable Training?

The Accounts Payable and Receivable Training is designed to equip delegates with the essential skills and knowledge required to excel in financial management roles. This training course is particularly advantageous for the following professionals:

  • Accounts Payable Clerks
  • Accounts Receivable Clerks
  • Financial Assistants
  • Bookkeepers
  • Accounting Technicians
  • Finance Officers
  • Junior Accountants
  • Office Managers
  • Small Business Owners
  • Entry-Level Finance Professionals

Prerequisites of the Accounts Payable and Receivable Training Course

There are no prerequisites for this Accounts Payable and Receivable Training Course.

Accounts Payable and Receivable Training Course Overview

Accounts Payable and Receivable are crucial components of a business's financial management, focusing on tracking and managing a company's liabilities and incoming payments. Effective management of these processes ensures accurate financial records, timely payments, and efficient cash flow, which are vital for the financial health and stability of any organisation.

Proficiency in Accounts Payable and Receivable is essential for Finance Professionals, Accountants, Bookkeepers, and Business Managers. Mastering these skills enables professionals to streamline financial operations, minimise errors, enhance vendor relationships, and optimise working capital. It is essential for those aiming to maintain robust financial controls and drive efficiency in their organisations.

This intensive 2-days by The Knowledge Academy course equips delegates with fundamental concepts and practical skills in managing accounts payable and receivable. Through hands-on workshops and expert-led sessions, delegates gain a comprehensive understanding of key processes, including invoice processing, payment cycles, credit management, and reconciliation. Delegates learn to implement best practices, interpret financial data, and use software tools for efficient accounts management.

 Course Objectives

  • To understand the foundational principles of accounts payable and receivable
  • To explore various processes involved in invoice processing and payment cycles
  • To apply best practices in credit management and collections
  • To analyse and interpret financial data related to payables and receivables effectively
  • To optimise cash flow management and ensure timely payments
  • To comprehend ethical considerations in managing financial transactions

Upon completing this course, delegates will have acquired the knowledge and skills necessary to efficiently manage accounts payable and receivable processes, making them invaluable assets in their professional fields.

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What's included in this Accounts Payable and Receivable Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • Accounts Payable and Receivable Certificate
  • Digital Delegate Pack

Why choose us

Our Ottawa venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Ottawa is the capital city of Canada. It is located on the bank of the Ottawa River in the east of Southern Ontario province. It has an estimated population of 885,000 people. Ottawa is the fourth largest city in the world. The name of this city comes from the Algonquin word Odawa which means “to trade”. Education in Canada is mostly free and publicly funded. It is overseen by the federal, provincial and local governments, with the education within provincial jurisdiction and the curriculum overseen by the province. Education is compulsory in most provinces up to the age of 16. Parents can choose between sending their children to one of the public schools or they can sent them to a fee paying private school. Those who live in Ottawa and find that picking a secondary school is a fraught decision involving school zones and ratings. There are four main public school boards in Ottawa. One is English, one is English-Catholic, and one is French and another is French-Catholic. The Ottawa-Carleton District School Board which is the largest with 147 schools to oversee. The catholic school board has 85 schools, the Conseil des écoles catholiques du Centre-Est has 49 schools and the Conseil des écoles publiques de l'Est de l'Ontario has 37 schools. Canada’s higher has a very good reputation. However there is no formal ranking system and students will often choose colleges and universities bases on geographic convenience and the reputation of a particular course. Ottawa is one of the best educates cities in Canada as it is believed that over half of the population have graduated from college or university. Ottawa has the highest per capita concentration of engineers, scientists, and residents with PhDs in Canada. The University of Ottawa was founded in 1848 and was the first higher education institute to be established in the city.  The university is a bilingual public university. The University of Ottawa is ranked in the top 300 universities in the world, coming in at number 284 and is a top 15 university in Canada.  The university has faculties in the following areas: arts, civil law, common law, education, engineering, post graduate studies, health sciences, medicine, science, social sciences and the school of management. Ottawa also has two main public colleges Algonquin College and La Cité collégiale. There are also 2 catholic universities in the city; Dominican University College and Saint Paul University.

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Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Accounts Payable And Receivable Training in Ottawa. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Accounts Payable And Receivable Training in Ottawa, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

Accounts Payable And Receivable Training in Ottawa FAQs

The training focuses on managing company finances, handling invoices, payments, and maintaining accurate financial records.
There are no prerequisites for this Accounts Payable and Receivable Training Course.
The course covers invoicing, payment processing, financial reconciliation, and managing accounts ledgers.
You will acquire skills in financial management, invoice processing, and maintaining accurate accounts.
Graduates can pursue roles such as Accounts Payable Clerk, Accounts Receivable Specialist, and Financial Analyst.
The average salary ranges from £25,000 to £35,000 per year, depending on experience and location.
You can register for the course through our official website or contact our support team.
The course enhances your financial management skills, making you more valuable to employers.
Consider gaining practical experience or pursuing advanced courses in finance and accounting.
The certification does not expire, but staying updated with industry practices is recommended.
Yes, you can access the materials on multiple devices, including laptops, tablets, and smartphones.
The certification is well-recognised and respected in Ottawa finance and accounting sectors.
The training fees for Accounts Payable and Receivable Training Course certification in Ottawa starts from CAD2995
The Knowledge Academy is the Leading global training provider for Accounts Payable and Receivable Training Course.
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Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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