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Accounts Receivable and Payable Best Practices

An Interactive 10-Day Training Course

Accounts Receivable and Payable Best Practices

Managing the Cash Cycle

NASBA
Classroom Schedule
Date Venue Fees
20 - 31 Jul 2026 London $ 11,900
12 - 23 Oct 2026 Amsterdam $ 11,900
14 - 25 Dec 2026 Barcelona $ 11,900

Introduction

This 10-day Accounts Receivable and Payable Best Practices training course will provide a leading edge forum for you to significantly improve your working capital management skills. You will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon your return to work.

By attending this GLOMACS Accounts Receivable and Payable Best Practices training course, delegates will understand:

  • The importance of credit to the company and the economy
  • The “cost of credit” and its impact on company profitability
  • Practical steps that reduce bad debt losses and “uncollectible” debtors
  • How to use different tools and techniques to maximize cash collection effort
  • How to effectively manage cash and working capital to reduce costs and improve cash flow
  • How leading companies from across the globe are achieving best practice in Accounts Receivable
  • The importance of the accounts payable function with regard to its links with the supply chain and cash flow
  • The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
  • How to effectively manage cash and working capital to reduce costs and improve cash flow
  • The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow
  • How leading companies from across the globe are achieving best practice in accounts payable

Modules

This training course is split into the following modules:

Module I - Accounts Receivable

Module II - Accounts Payable

Objectives

  • Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain
  • Understand and apply the fundamentals of effective transactional management systems
  • Review and comment on payment methods and cash management
  • Understand the need to incorporate risk and uncertainty into transactional processing and cashflow management
  • Identify best practice across all industries by examining case studies from across the globe

Training Methodology

The instructor engages all of the delegates, both in the presentation of the material and the training course sessions, so that everyone leaves with a working knowledge of the material and the ability to use them immediately.

Who should Attend?

This GLOMACS Accounts Receivable and Payable Best Practices training course provides a user-friendly environment to develop the knowledge and techniques related to both accounts receivable and accounts payable that are valuable for:

  • Finance Executives
  • Accountants
  • Others who are working within Transactional Finance, Accounts Payable or Accounts Receivable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

This 10-day Accounts Receivable and Payable Best Practices training course is also ideal for those wishing to develop their understanding of how Working Capital efficiencies can make a significant improvement to profitability or you may already be employed in any of these functions within the business.

Course Outline

Module I: Accounts Receivable

Day 1

An Introduction To Accounts Receivable

  • Working Capital and Cash Management
  • Understanding “the cost of credit”
  • The ‘order to cash’ process
  • Understanding “risk” in “credit”
  • Accounts Receivable and effective customer service
  • Identifying under-performing areas to increase customer satisfaction
Day 2

Customers And Trading Terms

  • Terms of trading
  • Tools and techniques of financial analysis: ratios, trends, common size analysis
  • The best performance measure – cash or profit?
  • Financial distress and the Altman’s Z score-type analyses
  • Trend analysis
  • Value added analysis of financial statement
Day 3

Developing Effective Strategies To Maximise Cash Collection

  • Identifying effective “pre-delinquency” collection campaigns
  • Defining “post-delinquency” activities
  • Customer sensitive collection strategies
  • Collection techniques and letter cycles
  • Appropriate internal and external escalation steps
  • Using work flow management to maximize collector performance
Day 4

Practical Collection Tools And Techniques

  • Eliminating barriers to payment
  • Recognizing excuses and delaying tactics
  • Providing solutions to non-payment
  • Telephone collection techniques
  • Negotiation skills for successful collections
  • Building relationships with customers
Day 5

Managing the Receivables Ledger

  • Developing effective internal relationships to maximize performance
  • Setting targets and tracking performance
  • Managing information that dazzles
  • Defining meaningful KPI’s
  • Latest Developments in Accounts Receivable

Module II: Accounts Payable

Day 6

The Big Picture: Accounts Payable and the Financial Health of Organizations

  • The Important Role of Accounts Payable (AP)
  • The Meaning of Managing Accounts Payable
  • The Functions of Management
  • The Functions of Accounts Payable Department and Role of AP Staff
  • Accounts Payable Impact on Working Capital and Cash Management
Day 7

Accounting for Accounts Payable

  • Accounting Essentials for Accounts Payable
  • Accounts Payable Terminology
  • General Ledger and Sub-Ledger
  • Month End Accounting Entries and Accruals
  • Control Account Reconciliations
  • Developing a Reconciliation Plan for the Sub-Ledger
Day 8

Key Topics in Accounts Payable Management

  • Applying Best Practices in your Organization
  • Identifying Proper Internal Controls
  • The Annual Audit as an Added Value
  • Impact of AP Outsourcing
  • Detecting Fraud in Accounts Payable
Day 9

The Behavioural Side of Managing Accounts Payable Department

  • Improving the Image of Accounts Payable Department
  • Ways to Motivate Accounts Payable Staff
  • Organizing the AP Department
  • Closing the Communication Gap
  • Dealing with Internal and External Disputes
  • Providing Customer Service to Vendors
Day 10

Using Excel in Managing Accounts Payable

  • Interface between Accounts Payable System and Excel
  • Using Pivot Tables to Extract Valuable Information
  • Preparing and Analyzing Accounts Payable Aging
  • Developing Your Accounts Payable Dashboard
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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