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I applied via Naukri.com and was interviewed in Dec 2023. There were 3 interview rounds.
Accounts payable is a financial process that involves recording and managing a company's outstanding invoices and payments to suppliers.
Accounts payable refers to the money a company owes to its suppliers or vendors for goods or services received.
It involves recording and tracking invoices, verifying their accuracy, and making timely payments.
The process includes maintaining vendor records, reconciling statements, and ...
Accounts payable is the amount owed by a company to its suppliers, while accounts receivable is the amount owed to a company by its customers.
Accounts payable represents the company's liabilities, while accounts receivable represents the company's assets.
Accounts payable is recorded as a liability on the balance sheet, while accounts receivable is recorded as an asset.
Accounts payable is related to the company's purcha...
Accounts payable and accounts receivable are both essential components of a company's financial management.
Both involve tracking and managing financial transactions.
Both are part of the company's balance sheet.
Both require accurate record-keeping and reconciliation.
Both impact cash flow and financial stability.
Both involve communication and coordination with vendors or customers.
Both play a role in financial analysis a...
In Tally, payments are processed by creating a payment voucher and selecting the appropriate ledger accounts.
Open Tally and go to the payment voucher entry screen.
Enter the payment details such as the payment date, payment mode, and amount.
Select the ledger accounts for the party to whom the payment is being made and the bank account from which the payment is being made.
Verify the payment details and save the voucher.
T...
The first step would be to verify the accuracy of the found price by cross-checking it with the original purchase order or invoice.
Cross-check the found price with the original purchase order or invoice
Ensure that the correct price is recorded in the system
Investigate any discrepancies and resolve them accordingly
There are three types of purchase orders: standard, blanket, and contract.
Standard purchase orders are used for one-time purchases of goods or services.
Blanket purchase orders are used for recurring purchases over a specific period of time.
Contract purchase orders are used for long-term agreements with suppliers.
Examples: A standard purchase order may be used to buy office supplies, a blanket purchase order may be used...
The most commonly used purchase order is PO-12345.
PO-12345 is used for regular purchases.
It is the default purchase order for most vendors.
PO-12345 is used for recurring expenses like office supplies and utilities.
P2P process refers to the end-to-end cycle of procurement and payment activities within an organization.
P2P stands for Procure-to-Pay.
It involves the entire process from requisitioning goods or services to making the final payment.
Key steps include requisitioning, sourcing, purchasing, receiving, invoicing, and payment.
It aims to streamline and automate the procurement and payment processes, ensuring efficiency and con...
The P2P cycle refers to the end-to-end process of purchasing goods or services, receiving them, and making payments for them.
The cycle starts with the identification of a need for goods or services.
A purchase requisition is created and approved.
A purchase order is generated and sent to the supplier.
The supplier delivers the goods or services.
The goods or services are received and inspected.
An invoice is received from t...
A vendor is a person or company that supplies goods or services to another company.
Vendors are external entities that provide products or services to a business.
They can be individuals, companies, or organizations.
Vendors can be classified as suppliers, contractors, or service providers.
Examples of vendors include manufacturers, wholesalers, consultants, and utility companies.
I applied via Naukri.com and was interviewed in Jun 2021. There was 1 interview round.
I applied via LinkedIn and was interviewed in Dec 2024. There was 1 interview round.
Reconciliation is the process of comparing financial records to ensure accuracy and consistency.
Objective is to identify discrepancies between records
Ensures accuracy of financial data
Helps in detecting errors or fraud
Aids in maintaining financial integrity
Important for financial reporting and decision-making
Example: Reconciling bank statements with company records
The objective of vendor invoicing is to accurately record and track the goods or services purchased from a vendor and facilitate timely payment.
Vendor invoicing helps in maintaining accurate records of purchases and expenses.
It ensures that the company is billed correctly for the goods or services received.
Vendor invoicing helps in tracking payments and managing cash flow effectively.
It also helps in building and maint...
SLA stands for Service Level Agreement and KPI stands for Key Performance Indicator. They are both important metrics in measuring performance.
SLA is a contract between a service provider and a customer, outlining the level of service expected. KPI is a measurable value that demonstrates how effectively a company is achieving key business objectives.
SLA focuses on the agreed upon level of service, while KPI focuses on p...
O2C stands for Order to Cash, which is the process of receiving and fulfilling customer orders.
O2C involves receiving customer orders, processing them, fulfilling the orders, and receiving payment.
It includes steps such as order entry, order fulfillment, invoicing, and payment collection.
Efficient O2C processes help improve cash flow and customer satisfaction.
Example: A customer places an order online, the order is pro...
I applied via Naukri.com
I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.
Accounting and Grammar
I was interviewed in Jan 2024.
Accounts Payable Executive
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Accounts Payable Executive
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Easy to clear all the best for your u doing well I am in the same situation for you and your family members of the following is not a feature of the following is not
It's about some of English and General Aptitude test
I applied via Walk-in and was interviewed in Feb 2024. There were 2 interview rounds.
I applied via Tcsibegin and was interviewed in Jan 2024. There was 1 interview round.
P2P process refers to the end-to-end process of procuring goods or services, from requisition to payment.
P2P stands for Procure-to-Pay.
It involves various steps such as requisitioning, purchasing, receiving, and paying for goods or services.
The process typically starts with a purchase requisition, followed by supplier selection, purchase order creation, goods receipt, invoice verification, and finally, payment.
P2P proc...
I applied via Walk-in and was interviewed in Jul 2023. There were 3 interview rounds.
They conducted a quick test which contains 35 Marks in which i had to score atleast 17 marks for the next round
based on 17 reviews
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