ACCOUNTING, INVOICING & DEDUCTIONS

Need to reduce your deductions and improve your accounting processes? The challenge is that Walmart’s accounting system is complex and is updated frequently.

Learn it here, learn it now — from experts.

 

Dates & Locations
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A thorough review of the entire Walmart accounting process — from vendor agreements to purchase orders to deduction resolution to Walmart’s expectations of suppliers. Up-to-the-minute Retail Link® content. Experienced, dedicated teachers who have your best interest a heart.

In this Walmart accounting class, you will learn new techniques, sharpen your accounting processes and gain in both knowledge and confidence.

Who should take this class:
Claims and acquisition specialists, accountants, accounting administrators, national account managers, those working in supply chain.

NOTES:
8th & Walton classes are exclusively for Walmart suppliers; only a supplier who works directly with Walmart may register.
Content for this class was revised 4/21/22.

You Will Learn

    The importance of understanding your supplier agreement

      Common AP errors and how to avoid them

        Invoices
      • General information and best practices
      • The supplier’s responsibility
      • Why invoices are paid incorrectly and at the wrong time
      • Match and Pay invoices
      • What the Accounting Scorecard does and how to use its findings

        • Everything you need to know about APIS

            How to seek support from GBS and Genpact

              Steps to build a 90-Day Paid Detail Report

                How to create a custom PO Receiving Report

                  How OTIF interfaces with accounting
                • Walmart’s expectations
                • Navigating the OTIF Scorecard and Charges page

                  • Types of deductions and the process for each
                  • Vendor agreement disputes
                  • Invoice discrepancies
                  • Shipping claims

                    • Deductions research and PO Receivables reports
                    • The necessary documentation
                    • How to obtain a copy

                      • What High Radius is and how to use it to reconcile AR invoices

                          Dispute Portal
                          • How to communicate a dispute and submit its documentation
                          • How to track the status of a dispute
                          • Disputes that are pending
                          • How to create a new invoice
                          • Key points and best practices

                            • Post Audits
                            • Top 10 root causes of claims
                            • Top 10 types of claims
                            • Why a post audit deduction request should be a top priority

THIS IS AN ALL-DAY CLASS.
9:00 A.M. TO 4:30 P.M. CENTRAL TIME.
IT IS A LIVE ZOOM MEETING WITH A MAXIMUM OF 10 PARTICIPANTS/INSTRUCTOR.

PRICE: $650

SAVE 10% WHEN YOU PURCHASE 3 CLASSES AT ONE TIME.

Requirements

  • Each student must register; one participant per registration.
  • Each student must use his/her camera throughout class.
  • Register using your supplier email address.
  • Have authorized access to Retail Link®.
  • Have your Retail Link® ID and password.
  • Have Excel ready to use.


  • NOTE FOR NEW WALMART SUPPLIERS: In order to produce valid reports, your company should be shipping to Walmart prior to taking this class. Since our classes do not use dummy data, if you are not shipping to Walmart, you will have no data with which to produce reports.

      Meet Your Teacher

      Heather Reid worked for Walmart Canada for 22 years prior to joining Canada’s 8th & Walton in 2016. While at Walmart, she organized and facilitated its Retail Link® and various system-training programs for both internal and external Walmart customers. She also facilitated a four-day supplier training session on a bi-weekly basis, teaching over 2,000 suppliers. She has a vast knowledge of Replenishment (GRS) and is an expert in Retail Link® and in Accounting for both Walmart Canada and Walmart US. In addition to her deep knowledge of retail systems, Heather is an extraordinary teacher. She holds a diploma in Human Resources, Marketing, and Accounting and has held the Canadian Human Resource Leader (CHRL) designation.

      Enroll Today!

      $650

      Reviews

      Heather was amazing! She clearly explained and walked us through the class material. She was honest if she wasn’t aware of a Walmart update or if the system looked different from updates. She was eager to answer our questions and made sure everyone was up to speed and took the time to help us with our specific data if it didn’t match course material. Each supplier’s business is different with WM so I was a little nervous about this course, but it was no issue at all! I learned a lot from the course and have already got plans in place so we can fix our processes and improve our business!

      - Tiffany - 3.29.22 Accounting Associate

      I just wanted to let you know that that was a great class which didn’t even feel like a whole day. I personally learned so much, and it’s great to finally, fully understand what all those functions on Retail Link do (and those we didn’t even know about). We will definitely be looking to sign up for more classes.

      - Faith - 3.29.22 Assistant Controller

      It was great! Very informative and Heather did a great job explaining key points and answering our questions. I particularly benefited from learning about the OTIF scorecard section on Retail Link and downloading item level detail for these charges.

      - Mariah - 3.29.22 Trade Deductions Manager

      The class was great. Being able to ask questions and hear the questions of other suppliers was informative. Heather was very knowledgeable when it came to the systems and ways to navigate the system.

      - Sunny - 3.29.22 Student

      Heather’s class was VERY helpful! I am really glad that I spent the time taking it.

      - Alex - 2.22.22 Sales Director

      Heather was great! Very knowledgeable about the subject and made it easy to follow. The class itself was extremely beneficial. We will definitely be utilizing your firm in the future!

      - Debra - 1.27.22 Senior Accountant