HCLTech Accounts Payable Analyst Interview Questions, Process, and Tips for Experienced

Basic in math, English grammar

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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There will be a aptitude test which is based on aptitude, reasoning & English

Q1. Tell me about yourself
Ans. 
I am a detail-oriented and organized individual with experience in accounts payable. I have a strong understanding of financial processes and excellent problem-solving skills.
• Experience in accounts payable

• Strong understanding of financial processes

• Detail-oriented and organized

• Excellent problem-solving skills
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Q2. Tell me about the process of Purchasing?
Ans. 
The process of purchasing involves identifying the need for goods or services, selecting a supplier, negotiating terms, placing an order, receiving and inspecting the goods or services, and processing payment.
• Identify the need for goods or services

• Select a supplier

• Negotiate terms

• Place an order

• Receive and inspect the goods or services

• Process payment
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Q3. What is TAT analysis
Ans. 
TAT analysis refers to measuring the time taken to complete a process or task.
• TAT stands for Turnaround Time

• It helps in identifying bottlenecks and improving efficiency

• For example, TAT analysis can be used in accounts payable to measure the time taken to process invoices

• By analyzing TAT, companies can set benchmarks and improve their processes
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Q1. Why should I hire you?
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Q1. What is your current CTC My current CTC is 3.10 lakh per annum My are you looking for job For personal and professional development I'm looking for a job change
Ans. 
I am currently earning a CTC of 3.10 lakh per annum.
• My current CTC is 3.10 lakh per annum.

• I am earning 3.10 lakh per annum in my current role.

• My current salary package is 3.10 lakh per annum.
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Q2. What is your short term goal My short goal is to get this job and adjust my self in new environment
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Q1. What is P2P cycle?, what is Accounts payable?, why should we hire you?, what is the golden rules?
Ans. 
P2P cycle is the process of procuring goods or services, receiving and approving invoices, and making payments to vendors.
• P2P cycle stands for Procure-to-Pay cycle.

• It involves steps like requisitioning, purchasing, receiving, invoicing, and payment.

• Accounts payable is a department responsible for processing invoices and making payments to vendors.

• Golden rules in accounts payable include accuracy, timeliness, and proper...read more
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Q1. Tell me about Yourself?
Ans. 
I am a detail-oriented and organized individual with experience in accounts payable and a passion for accuracy.
• I have worked in accounts payable for X years, where I have gained experience in processing invoices, reconciling accounts, and communicating with vendors.

• I am skilled in using accounting software such as X and Y, and I am comfortable working with spreadsheets.

• I am a quick learner and am always looking for way...read more
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Q1. Problem solving questions
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