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.
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.
This class is currently available only as a webinar. 8th & Walton webinars are live, Zoom meetings with a maximum of 10 participants.
You Will Learn
- The importance of understanding your supplier agreement
- 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
- Walmart’s expectations
- Navigating the OTIF Scorecard and Charges page
- Vendor agreement disputes
- Invoice discrepancies
- Shipping claims
- The necessary documentation
- How to obtain a copy
- 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
- Top 10 root causes of claims
- Top 10 types of claims
- Why a post audit deduction request should be a top priority
Common AP errors and how to avoid them
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
Types of deductions and the process for each
Deductions research and PO Receivables reports
What High Radius is and how to use it to reconcile AR invoices
THIS IS AN ALL-DAY CLASS.
9:00 A.M. TO 4:30 P.M. CENTRAL TIME.
SAVE 10% WHEN YOU PURCHASE 3 CLASSES AT ONE TIME.
Custom training and Walmart consulting services are also available for you or your team.
Custom training: We will develop a customized curriculum specifically for your needs and train your group privately, using your own data.
Walmart consulting: We will provide one-on-one time with an expert as well as full-service assistance from our team of consultants.
Click HERE to speak with an accounting advisor to find out which is a better option for you.
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.
This course was more than helpful. I plan of taking the OTIF and SQEP courses as well.
- Bailee - 10-7-21 Logistics Lead/ Finance Group
Heather’s class sparked some ideas we can pursue to mitigate some deductions!
- Ran - 9.8.21 US Supplier
It was a good class.
- Anner - 8.5.21 Replenishment Manager
Heather Reid was just awesome! We only had three people in the class which was great because my co-worker and I had a lot of questions. She was very patient and thorough. We will definitely be taking additional classes with 8th & Walton!
- Susan - 5.4.21 Compliance Manager
Heather was great. I’m sure what I learned will pay for the class many times over.
- Alfred - 5.4.21 IT/Operations