Accounting Management and E-Invoicing

Service Description

Learning Objectives 1. Understand key principles of accounting management. 2. Learn to manage accounts receivable, accounts payable, and financial reporting. 3. Master the use of e-invoicing systems for efficient billing and compliance. 4. Develop strategies to improve accounting accuracy and reduce errors. 5. Align daily accounting operations with business and regulatory requirements. Outcomes By the end of the program, participants will: 1. Be proficient in managing accounting functions using modern tools. 2. Operate e-invoicing systems with confidence and accuracy. 3. Ensure compliance with government regulations and standards. 4. Improve the efficiency of the finance department's day-to-day operations. 5. Contribute to more accurate financial reporting and decision-making. Module 1: Foundations of Accounting Management • Overview of accounting principles and standards (e.g., IFRS, GAAP). • Key functions: accounts receivable, accounts payable, and general ledger. • Importance of accuracy and timeliness in accounting. Module 2: Managing Day-to-Day Accounting Activities • Recording transactions: sales, purchases, and expenses. • Reconciling accounts and handling discrepancies. • Preparing financial reports: trial balance, P&L, and balance sheets. Module 3: Introduction to E-Invoicing • What is e-invoicing? Benefits and importance. • Regulatory requirements for e-invoicing compliance. • Overview of popular e-invoicing platforms and software. Module 4: Implementing E-Invoicing Systems • Setting up e-invoicing systems: configuration and integration. • Creating and sending compliant e-invoices. • Managing e-invoice data: storage, retrieval, and reporting. Module 5: Module 5: Automation and Efficiency in Accounting • Automating repetitive tasks: invoicing, reconciliations, and reminders. • Reducing errors with technology. • Streamlining workflows for better efficiency. Module 6: Financial Reporting and Compliance • Generating financial reports from e-invoicing data. • Ensuring regulatory compliance with tax and audit requirements. • Using reports for decision-making and strategic planning. Module 7: Troubleshooting and Best Practices • Resolving common issues with e-invoicing systems. • Avoiding pitfalls in accounting management. • Continuous improvement strategies for the finance department.