Date(s) - 01/07/2024
8:30 am - 11:30 am
The course is based on the Key Accounts Payable modules from ERP software. A business should consider using this kind of program as it has many advantages over manual accounting and helps the business to monitor and track the key account activities easily.
Key Accounts is the accounts where payments are made or received. These include inventory, sales, and revenue. Accounts Payable includes invoices, accounts receivable, and other payments. The main aim of Key Account Management is to help a business manage its accounts in a better way. The module has been developed by the Pervasive Enterprise Solutions (PEAS) Company, a well-known ERP company.
As business owners, you should be very clear about what the role of these accounts are. It is a good idea to maintain a record of all transactions, which include both business and personal transactions. You need to be aware of the balance sheet, income statement, balance sheet, and profit and loss statement. You also need to be aware of the inventory of goods that are in demand, and the number of items in your warehouse.
There are many types of accounting and management skills training course can help you with. You can learn about the process involved in keeping all of the accounts in an organized manner. The module will also train you about the methods involved in the bookkeeping. The modules help you to create reports, which are useful for you when presenting them to the business investors or creditors.
You can use the modules for all the accounts in the business. The module provides the modules for managing the cash flow and balances of each account. You can keep all the information of each business in separate accounts, to manage them properly.
The modules in the account management skills training course will help you to know the accounting and financial procedures. This will ensure that you do not commit mistakes in the accounting process, as you learn how to do it right. and not make the mistake twice. This is the best way to avoid frauds, which are very common in the accounting sector. Some common mistakes include not documenting the transaction accurately, not recording the profit and loss account correctly, or the wrong coding of the information, and the recording of transactions incorrectly.
Such errors can have serious consequences, if you fail to take action to rectify them, so it is important for you to understand the basics of accounting and financial management. This will help you avoid such errors in the future.
The module that comes with the training course will provide you with a basic understanding of accounting and its terminology. However, you should keep in mind that you need to be able to do more advanced accounting and financial processes on your own. If you are not sure of some aspects, then you can hire a qualified accountant. The trainer can teach you about such aspects and help you complete the module.
A training module on auditing, will help you learn about how to do the audit on your books. You can easily find the audited accounts from the internet or the books of the business. This will give you a good idea of what the business is currently doing and how it can be managed in order to improve profitability. If the accountant does not offer you such a service, then you can hire one for this module.
In the key account management skills training course, the module will cover the basics of budgeting and investing. You will learn how to prepare the bank statements and how to prepare a cash flow analysis. report in order to show how your cash flow and financial position are at different points of time.
As a new company, it is important for you to establish a solid financial structure. By hiring an accountant for these modules, you can ensure that you and your employees have all the key accounting and financial knowledge that they require to be successful and maintain a good financial status.