10+ Amar Iron Udyog Interview Questions and Answers

JE tracker is a tool used to record journal entries and related information in accounting.

• JE tracker stands for Journal Entry tracker.

• It is used to record journal entries in accounting.

• It helps in tracking the source, date, and amount of each journal entry.

• It also records the accounts affected by the journal entry.

• JE tracker is an important tool for maintaining accurate financial records.

P2P stands for Procure-to-Pay, a process that involves purchasing goods or services and paying for them.

• P2P involves the entire procurement process from identifying the need for goods or services to paying for them

• It includes activities such as requisitioning, purchasing, receiving, and invoicing

• P2P aims to streamline the procurement process, reduce costs, and improve efficiency

• Examples of P2P software include SAP Ariba, Coupa, and Oracle Procurement Cloud

Purchase orders can be categorized into standard, blanket, planned, and contract types.

• Standard purchase orders are used for one-time purchases.

• Blanket purchase orders are used for recurring purchases over a period of time.

• Planned purchase orders are used for future purchases based on a forecast.

• Contract purchase orders are used for purchases based on a long-term agreement.

• Examples: Standard - office supplies, Blanket - maintenance services, Planned - raw materials, Contract ...read more

P2P stands for Procure to Pay, which is the process of obtaining and paying for goods and services.

• P2P Cycle involves the steps from requisitioning goods/services to making payment for them.

• A pivot table is a data summarization tool in Excel that allows for quick analysis and comparison of data.

• SAP T Codes are transaction codes used in SAP software to access specific functions or perform specific tasks.

• PO based invoice processing involves matching invoices to purchase orders,...read more

3 way matching is a process of matching purchase orders, receipts, and invoices to ensure accuracy and prevent fraud.

• It involves comparing the purchase order to the goods receipt to the invoice

• All three documents must match in terms of quantity, price, and product description

• It helps to prevent overpayment, underpayment, and duplicate payments

• For example, if a company orders 100 units of a product, receives 90 units, and is invoiced for 100 units, the discrepancy will be caug...read more

3 way process is a method of matching purchase orders, receiving reports, and vendor invoices.

• It ensures that the goods or services ordered were received and the invoice matches the purchase order and receiving report.

• If all three documents match, the invoice is approved for payment.

• If there are discrepancies, the invoice is sent back to the vendor for correction.

• This process helps prevent overpayment and ensures accurate financial records.

• For example, if a company orders 100...read more

PO is a purchase order issued by the buyer to the seller, while an invoice is a bill issued by the seller to the buyer for goods or services provided.

• PO is issued before the goods or services are received, while an invoice is issued after the goods or services are provided.

• PO specifies the details of the goods or services to be purchased, while an invoice specifies the amount to be paid for the goods or services provided.

• PO is used to track the delivery of goods or services, ...read more

I have 8 years of experience in accounts payable roles.

• I have worked in accounts payable for 8 years

• Managed vendor relationships and processed invoices

• Implemented process improvements to increase efficiency

• Led a team of AP specialists to ensure timely payments

Accounts Payable Executive

• Accounts Payable Executive

• Senior Accounts Payable Specialist

• Accounts Payable Manager