Accounts payable professionals play a critical role in the financial health of organizations by managing the payments and obligations to vendors and suppliers.
Pursuing a career in accounts payable can be both financially rewarding and intellectually stimulating.
In this blog, we will explore the role of accounts payable, the courses offered in accounts payable certificates, and the best online training and courses for accounts payable professionals.
What Is Accounts Payable?
Accounts payable professionals are responsible for processing and managing an organization's financial obligations to suppliers and vendors.
This role encompasses various job titles, including:
- Accounts Payable Specialist
- Accounts Payable Clerk
- Accounts Payable Manager
- Accounts Payable Supervisor
To advance into these roles, individuals should possess strong organizational skills, attention to detail, and a good understanding of financial processes.
Additionally, having a relevant certification can be a valuable asset in this career.
Courses Taught In Accounts Payable Certificates Online
Online accounts payable certificate programs typically cover a range of courses that equip learners with the skills and knowledge necessary for the profession.
Common courses include financial accounting, invoice processing, internal controls, tax and regulatory matters, and best practices in accounts payable management.
Online Programs For Accounts Payable Professionals
Several reputable online programs offer certifications and certificates in accounts payable.
These programs are designed to provide a comprehensive education and skills required for a successful career in this field.
1. Institute of Financial Management (IOFM)
The Institute of Financial Management (IOFM) offers an accounts payable certification program that is entirely online and on-demand, including the final exam.
Enrolling in this program grants you one year of access to the course on IOFM.com.
The course includes an e-textbook, training videos, practice quizzes, and three attempts at the final exam, which consists of 100 multiple-choice questions to be completed within 90 minutes.
Certification is maintained by earning 15 continuing education units (CEUs) annually.
The accounts payable specialist (APS) certification program is ideal for individuals responsible for executing AP processes.
2. Certified Accounts Payable Practitioner (CAPP)
The certified accounts payable practitioner (CAPP) certification is a program that educates learners on the overall function and responsibility of the accounts payable department.
This program prepares learners for roles ranging from entry-level positions to management.
Completing the CAPP certification typically takes 3 to 6 months and provides an advanced understanding of accounts payable processes, risk management, and process improvement.
3. Institute of Financial Operations and Leadership (IFOL)
The Institute of Financial Operations and Leadership (IFOL) offers the certified accounts payable specialist (CAPS) program, which is the first of two levels within the full CAPP program.
To earn the CAPS credential, you must complete the accounts payable specialist online study program and pass the final exam, which includes 50 multiple-choice questions.
Certified accounts payable specialists are experts with an advanced understanding of accounts payable processes and best practices to reduce risks and enhance efficiency.
4. Institute of Financial Operations
The Certified Accounts Payable Associate (CAPA) program is designed to assess and evaluate the competency skills of AP professionals.
This program is available through the Institute of Financial Operations website.
These exams adhere to nationally recognized standards for certification assessment.
CAPA certification offers a reliable way to measure the competency of Accounts Payable professionals.
5. Liberty University
Liberty University offers a 100% online course designed to prepare individuals for careers as accounts payable specialists.
This course covers essential skills and knowledge and leads to an accounts payable specialist (APS) certification, offered by the Institute of finance & management (IOFM).
6. Georgia Southern University
Georgia Southern University provides an online accounts payable specialist certificate program.
This program prepares learners for the Institute of Finance & Management's (IOFM) accounts payable specialist (APS) certification.
This program focuses on intermediate financial operations skills and covers topics such as best practices, accounts payable, internal controls, and tax and regulatory matters.
Completing the program typically takes three months.
FAQs About Accounts Payable Programs
Embarking on a journey to obtain an accounts payable certification online can be a significant step in advancing your career in finance and management.
As you navigate the world of accounts payable programs and certificates, you might have questions about their value, prerequisites, and the online learning experience itself.
In this section, we address some frequently asked questions (FAQs) that can help you gain a deeper understanding of what to expect on your accounts payable certification journey.
Is It Worth Becoming An Accounts Payable Professional?
Becoming an accounts payable professional can be worth it.
The role is essential in managing an organization's finances and ensuring that bills and obligations are handled efficiently and accurately.
It offers opportunities for career growth and financial stability.
What Job Experience Is Required To Become An Accounts Payable Professional?
While specific job experience requirements may vary, many accounts payable positions are entry-level, making it an accessible field for those new to finance.
However, having a relevant certification, such as those mentioned above, can give you an advantage when seeking employment or advancing in your career.
Can I Complete An Accounts Payable Program Entirely Online?
Yes, many reputable institutions offer online accounts payable programs that allow you to study at your own pace and from the comfort of your own home.
This flexibility makes it easier for individuals with busy schedules to acquire the necessary skills and certifications.
Learn More About Online Accounts Payable Programs
Becoming an accounts payable professional is an excellent career choice for those interested in finance and organizational management.
Online certificate programs, like those mentioned in this blog, provide a convenient and effective way to gain the knowledge and credentials needed to excel in this field.
By enrolling in a suitable program and obtaining the relevant certification, you can enhance your career prospects and contribute to the financial success of your organization.
