DXC Technology Accounts Payable Analyst Interview Questions and Answers

Q1. Tell me about your self
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Q2. Experience details
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Q3. Technical skills
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Q4. Hobbies and family details
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Q5. Education details
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Q1. Self declaration
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Q1. What is account payable
Ans. 
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable represents a company's short-term financial obligations to pay for goods or services received.

• It is listed as a liability on the company's balance sheet.

• Accounts payable is typically settled within a specific period, often 30, 60, or 90 days.

• Examples include invoices from supplie...read more
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Q1. Name, experience,why you switch,
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Technical questions about the process and experience

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
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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
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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
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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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Q1. What is accounts payble
Ans. 
Accounts payable is the amount of money a company owes to its vendors or suppliers for goods or services received.
• It is a liability account in the company's general ledger.

• It includes invoices, bills, and other expenses that need to be paid.

• It is important for managing cash flow and maintaining good relationships with vendors.

• Examples include rent, utilities, and inventory purchases.

• Accounts payable can be managed thro
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Q2. Golden rules of accounts
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Golden rules of accounts refer to basic principles of accounting that must be followed for accurate financial reporting.
• The first golden rule is to maintain accurate records of all financial transactions.

• The second golden rule is to ensure that all transactions are recorded in the correct accounting period.

• The third golden rule is to ensure that all transactions are recorded in the correct account.

• The fourth golden rul...read more
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