Overview   

This webinar is designed to equip accountants and bookkeepers with essential strategies and tools to optimize financial operations, ensuring smooth cash flow management and robust financial health for their organizations. By the end of this webinar, participants will have a comprehensive understanding of how to manage accounts payable and receivable processes effectively, contributing to the overall financial success and stability of their organizations. Join Beki as he shares insights on implementing robust invoicing systems, efficient payment processing, and effective vendor relationships.     

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Understand the importance of efficient invoicing systems. 

• Learn strategies for effective payment processing. 

• Develop techniques for managing vendor relationships. 

• Master credit management and collections practices. 

• Utilize data analytics and reporting for financial decision-making.  

Content 

The webinar will cover the following topics:  

•  Implementing Robust Invoicing Systems 

  • Automation: Streamline invoicing with software to reduce manual errors and speed up the process. 

  • Standardization: Use standardized templates to ensure consistency and clarity in invoices. 

  • Timeliness: Send out invoices promptly to avoid delays in payment cycles. 

  • Tracking: Implement tracking mechanisms to monitor the status of each invoice from issuance to payment. 

  • Verification: Regularly verify the accuracy of invoices before sending them to clients. 

•  Efficient Payment Processing 

  • Automation: Use automated payment systems to ensure timely payments and reduce administrative workload. 

  • Payment Methods: Offer multiple payment methods to accommodate different vendor preferences. 

• Managing Vendor Relationships 

  • Communication: Maintain open and regular communication with vendors to foster strong relationships. 

  • Negotiation: Negotiate payment terms that are favorable to both parties, ensuring financial stability. 

  • Performance Evaluation: Regularly evaluate vendor performance to ensure they meet agreed-upon standards. 

• Credit Management and Collections 

  • Credit Policies: Establish clear credit policies to manage risk and define terms for extending credit. 

  • Creditworthiness: Assess the creditworthiness of customers before extending credit to minimize defaults. 

  • Collections Process: Implement a structured collections process to follow up on overdue accounts. 

• Data Analytics and Reporting 

  • Key Metrics: Track key metrics such as Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) to measure efficiency. 

  • Trend Analysis: Analyze trends in accounts payable and receivable to identify areas for improvement. 

  • Dashboards: Use dashboards to provide real-time visibility into financial data for informed decision-making. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

Who should attend? 

The following persons will benefit from attending this webinar: 

• Bookkeepers. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Trainee accountants. 

Price              

• R 265.00 - Online admission - Individual.  

  • Group Price 1 - From R109 per person (up to 5 users)  

  • Group Price 2 - From R71 per person (up to 10 users)  

  • Group Price 3 - From R64 per person (over 11 users)  

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.    

Contact us    

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]