Accenture Accounts Payable Analyst Interview Questions and Answers

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What Is Account Payble , How to do Invoice Matching , 2way , 3 way match , what if vendor is having debit balance , what is accural

Q1. What will be your responsibility as account payble
Ans. 
As an Accounts Payable Analyst, my responsibility would be to manage and process all the company's invoices and payments.
• Processing invoices and ensuring they are accurate and approved

• Maintaining vendor records and ensuring timely payments

• Reconciling accounts payable transactions

• Resolving invoice discrepancies and issues

• Preparing and analyzing reports related to accounts payable

• Communicating with vendors and internal d...read more
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Q2. What is consigner and consignee
Ans. 
Consigner is the person who sends goods to another person or company, while consignee is the person or company who receives the goods.
• Consigner is the sender of goods

• Consignee is the receiver of goods

• Consigner retains ownership of the goods until they are sold by the consignee

• Consignee pays the consigner for the goods sold

• Example: A clothing manufacturer sends their products to a retail store for sale. The manufacturer...read more
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Q3. What is invoice number and why it is important
Ans. 
An invoice number is a unique identifier assigned to each invoice for tracking and reference purposes.
• Invoice number helps in identifying and tracking the payment status of a particular invoice.

• It is important for record-keeping and audit purposes.

• It helps in avoiding duplicate payments and ensures accuracy in accounting.

• For example, if a company receives multiple invoices from the same vendor, each invoice will have a...read more
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Q4. Diffrence between po and non po invoice
Ans. 
PO invoice is based on a purchase order while non-PO invoice is not.
• PO invoice is generated when a purchase order is created and received by the vendor.

• Non-PO invoice is generated when there is no purchase order involved.

• PO invoice has a reference to the purchase order number and details.

• Non-PO invoice does not have a reference to any purchase order.

• PO invoice is easier to process and match with the purchase order.

• Non-...read more
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Q5. What is 3 way and 4 way match
Ans. 
3 way match compares purchase order, goods receipt and invoice. 4 way match adds payment to the comparison.
• 3 way match ensures that the quantity and price on the invoice match the purchase order and goods receipt.

• 4 way match adds the payment to the comparison to ensure that the vendor is paid correctly.

• This process helps prevent overpayment or underpayment to vendors.

• Example: A company orders 100 units of a product, re...read more
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They conducted a quick test which contains 35 Marks in which i had to score atleast 17 marks for the next round

Q1. In Round 2 there was an Interview
Ans. I had to go for interview in 2nd round. There they asked me about myself, my skills , some questions About job profile
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Q1. Self declaration
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Q1. Tell me about your self
Ans. 
I am a detail-oriented and organized individual with experience in accounts payable and a passion for numbers.
• I have worked in accounts payable for X years

• I am skilled in using accounting software such as QuickBooks and SAP

• I have a strong attention to detail and am able to identify and resolve discrepancies

• I am a team player and enjoy collaborating with others to achieve common goals
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Q2. Last job responsibilities
Ans. 
Managed accounts payable process, reconciled vendor statements, processed payments, and resolved payment discrepancies.
• Managed full cycle accounts payable process for multiple vendors

• Reconciled vendor statements and resolved payment discrepancies

• Processed payments via check, ACH, and wire transfers

• Maintained accurate records and ensured timely payments

• Collaborated with cross-functional teams to resolve issues and impro
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Q1. What is Accounts payable PROCESS
Ans. 
Accounts payable process is the set of procedures and policies that a company follows to manage its outstanding invoices and payments to vendors.
• Receiving and verifying invoices from vendors

• Matching invoices with purchase orders and receiving reports

• Obtaining approval for payment

• Entering invoices into the accounting system

• Preparing and issuing payments to vendors

• Reconciling vendor statements

• Maintaining accurate records
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Q2. What is procure to pay process
Ans. 
Procure to pay process is the cycle of purchasing goods or services, receiving them, and paying for them.
• Procurement: identifying the need for goods or services and selecting a supplier

• Purchase order: creating a document that outlines the details of the purchase

• Receipt of goods or services: verifying that the goods or services were received as ordered

• Invoice processing: receiving and verifying the invoice from the supp...read more
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Q3. What is PO and NON- PO invoices
Ans. 
PO invoices are based on purchase orders while NON-PO invoices are not.
• PO invoices are invoices that are associated with a purchase order.

• NON-PO invoices are invoices that are not associated with a purchase order.

• PO invoices require a purchase order number to be included on the invoice.

• NON-PO invoices do not require a purchase order number to be included on the invoice.

• PO invoices are typically used for larger purchase...read more
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Q4. Explain the procure to pay process
Ans. 
Procure to pay process involves obtaining goods or services and paying for them.
• Procurement department identifies the need for goods or services

• Vendor selection and negotiation

• Purchase order creation and approval

• Goods or services receipt and inspection

• Invoice receipt and verification

• Payment processing and reconciliation

• Vendor management and performance evaluation
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