ABB Accounts Payable Specialist Interview Questions and Answers

PTP stands for Procure-to-Pay, which is the process of obtaining and paying for goods and services from suppliers.

• The process starts with the procurement team identifying the need for goods or services.

• Once the need is identified, the team requests quotes or proposals from potential suppliers.

• After selecting a supplier, a purchase order is created and sent to the supplier.

• Upon receiving the goods or services, the suppl...read more

Account reconciliation is the process of comparing financial records to ensure they match and resolving any discrepancies.

• Account reconciliation involves comparing two sets of records, such as bank statements and internal financial records, to ensure they match.

• Any discrepancies found during the reconciliation process must be investigated and resolved.

• Account reconciliation helps ensure the accuracy and integrity of fi...read more