The Importance of Best Practices (BP)

• Effective versus Efficient Tools
• Functions of Management
• Finance and Accounting Vision and Mission
• Customer Service Survey
• Purposes and Processes of Finance and Accounting (F&A)
• Accounting Cycle and Financial Statements Cycle

Accounts Payable (AP) Best Practices

• The Life Cycle of Accounts Payable
• Improving AP through Decentralization and Centralization
• Enhancing AP Processing Using Vendor Analysis and Reconciliation
• Electronic Expense Reporting
• On-line Purchasing Catalogue
• Document Management System

Billing, Collection, Inventory and Cash Management Best Practices

• Accounts Receivable Life Cycle and Tools
• Inventory Life Cycle and Tools
• Improving Cash Management, Lockbox Collections, and Zero-Balance Accounts
• Modern Budgeting Techniques Mindset

Fixed Assets Best Practices

• Fixed Assets Life Cycle and Tools
• Bar Coding Systems
• Capitalizing versus Expensing of Fixed Assets

Monthly Reporting Best Practices Using Excel

• Improving the Timeliness and Accuracy of Business and Accounting Data
• Enhancing Report Development and Analysis
• Consolidating your Data
• Validating Data for Accuracy
• Using Pivot Tables
  • Preparing Periodic Reports in No Time
  • Performing Efficient and Accurate Reconciliation
  • Bank Statement Reconciliation
  • Payroll Reporting and Analysis
  • Accounts-Payable Reporting and Analysis
  • General Ledger Reporting, Reconciliation and Analysis
  • Budgeting Reporting and Analysis
  • Invoice Analysis and Reporting
  • Creating Flash Management Reports
• XBRL, F9, and Dashboards
• Enhancing Policies and Procedures Manuals

Essential Behavioral Concepts for Enhancing the Finance and Accounting Operations

• The New Set of Skills for F&A
• Clean Desk Policy
• Hiring the Best, Cross-Training, Back-Up Strategies, and Teamwork
• Staff Responsibility Charts
• Successful Meetings
• Review/Authorization Procedures
• Peak Performance Time