Streamlining Accrual and Prepaid Accounting: Why Contract Management Matters for Accounting Teams
Course Description
Join us for an insightful webinar on mastering contract management for accounting teams. Ineffective contract management can lead to missed accrued expenses, prepaid expenses, and renewals. This leads to accounting rework, hidden costs, and compliance risks. Learn how to centralize contracts to automate accounting for accrued and prepaid expenses, track key dates, and streamline budgeting processes. Discover the benefits of a single source of truth for your contracts, and how it can enhance visibility and control across your organization.
Learning Objectives
- Grasp the essentials of effective financial contract management
- Uncover the hidden costs and risks of poor contract management
- Implement a centralized repository for better organization and control
- Automate reminders for key dates and milestones
- Utilize software to enhance budgeting, forecasting, and decision-making
- Integrate expense tracking for accurate reporting and budgeting
On-Demand CPE Credit Eligibility Requirements
- Answer the 3 review questions presented throughout the webinar
- Complete the final assessment with a grade of 80% or higher
- You have 3 attempts to pass the final assessment and until February 2026 to complete it
If you meet all these criteria you will see a green check mark inside the CPE tool icon that indicates your CPE certificate is ready to be downloaded.
Prerequisites
- Basic knowledge of ASC 842
Who Should Attend
Accounting and finance professionals with a medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.
Advanced Preparation
None
Presenters
Rachel Reed
Rachel Reed is a Lead Senior Technical Accounting Consultant at FinQuery. Rachel’s experience includes working in the audit practice at Ernst & Young (EY), where she served clients across a wide variety of industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with both a Bachelor’s and Master’s degree in Accounting.
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On-Demand |
Course Information
| COST | FREE |
| CREDITS | 1.00 hours |
| SUBJECT AREA | Accounting |
| EXPIRES | April 30, 2026 |
| COURSE LEVEL | Basic |
| DELIVERY METHOD | Self Study |
Register Below
SPONSOR STATEMENT
FinQuery LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
For more information regarding administrative policies such as complaints, please contact CPEinfo@finquery.com.
PROGRAM CANCELLATION POLICY
If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.
On-Demand Webinar
Streamlining Accrual and Prepaid Accounting: Why Contract Management Matters for Accounting Teams
- Grasp the essentials of effective financial contract management
- Uncover the hidden costs and risks of poor contract management
- Implement a centralized repository for better organization and control
- Automate reminders for key dates and milestones
- Utilize software to enhance budgeting, forecasting, and decision-making
- Integrate expense tracking for accurate reporting and budgeting
CPE Requirements & Eligibility
- Instant Certificate: Answer the 3 review questions presented throughout the webinar, and score an 80%+ on the final evaluation to download your certificate.
- Flexible Learning: Pause and resume at your convenience.
- Earning Window: Complete your assessment anytime before March 31, 2027 to claim your 1.0 CPE credit.
Register Now
Learning Objectives
Join us for an insightful webinar on mastering contract management for accounting teams. Ineffective contract management can lead to missed accrued expenses, prepaid expenses, and renewals. This leads to accounting rework, hidden costs, and compliance risks. Learn how to centralize contracts to automate accounting for prepaid and accrued expenses, track key dates, and streamline budgeting processes. Discover the benefits of a single source of truth for your contracts, and how it can enhance visibility and control across your organization.
Presenter
Rachel Reed is a Lead Senior Technical Accounting Consultant at FinQuery. Rachel’s experience includes working in the audit practice at Ernst & Young (EY), where she served clients across a wide variety of industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with both a Bachelor’s and Master’s degree in Accounting.
Course Details
| Cost | Free |
| Credits | 1.00 hour |
| Subject Area | Accounting |
| Expires | March 31st, 2027 |
| Course Level | Basic |
| Delivery Method | Self Study |
Who Should Attend
Accounting and finance professionals with a medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.
FAQ
What is contract management & why is it important?
Contract management is the process of monitoring agreements to optimize operational and financial performance. Because contracts serve as the blueprint for an organization’s financial commitments, a systematic approach mitigates compliance risk and uncovers cost-saving opportunities.
How do most organizations manage and track their contracts?
Many organizations initially turn to spreadsheets to organize their contract portfolios. While spreadsheets offer familiarity and a quick setup, manual tracking struggles to scale efficiently as the volume and complexity of contracts grow.
How can contract management software address errors commonly found in manually tracking accruals and prepaids?
Tracking accruals and prepaids becomes error-prone when teams operate reactively—relying on delayed invoices risks creating visibility blind spots that trigger missed entries, calculation mistakes, and budget variances. A solution like FinQuery automatically extracts payment terms directly from source documents to fuel the subledger, eliminating manual tracking errors and ensuring audit readiness.
Disclaimer
Sponsor Statement
FinQuery LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
For more information regarding administrative policies such as complaints, please contact CPEinfo@finquery.com.
Program Cancellation Policy
If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.