Genpact Assistant Manager Interview Questions, Process, and Tips

PTP stands for Procure to Pay. Reconciling vendor accounts involves matching invoices with payments made.

• PTP is the process of purchasing goods or services, receiving them, and paying the vendor.

• To reconcile a vendor account, compare invoices received with payments made to ensure accuracy.

• Check for any discrepancies such as missing invoices, duplicate payments, or incorrect amounts.

• Communicate with vendors to resolve a...read more

I am a dedicated and experienced professional with a strong background in leadership and team management.

• I have over 5 years of experience in retail management

• I have successfully led teams to exceed sales targets by 20%

• I am skilled in staff training and development, inventory management, and customer service

During my MBA internship, I worked on market research, financial analysis, and project management.

• Conducted market research to identify new opportunities for growth

• Performed financial analysis to assess the financial health of the company

• Assisted in project management by coordinating with different teams and stakeholders

Three-way matching invoice processing involves comparing the purchase order, invoice, and receiving report to ensure accuracy.

• Matching the purchase order to the invoice to ensure the correct items and quantities were billed

• Matching the invoice to the receiving report to confirm that the goods were received

• Ensuring all three documents (purchase order, invoice, receiving report) match before processing payment

GR/IN and Payment journal entries are accounting entries related to goods receipt and invoice payment.

• GR/IN stands for Goods Receipt/Invoice Receipt and is used to record the receipt of goods or services from a vendor.

• Payment journal entries are used to record the payment made to vendors for goods or services received.

• GR/IN journal entry typically involves debiting inventory or expense account and crediting accounts pa...read more

Fields for invoice discrimination include date, invoice number, vendor name, amount, and payment terms.

• Date of the invoice

• Invoice number

• Vendor name

• Amount of the invoice

• Payment terms

Vendor reconciliation involves comparing the vendor's records with your own to ensure accuracy and resolve any discrepancies.

• Gather all invoices and statements from the vendor

• Match the invoices and statements with your own records

• Identify any discrepancies and investigate the reasons behind them

• Communicate with the vendor to resolve any discrepancies

• Update your records accordingly