HDB Financial Services Senior Accounts Payable Manager Interview Questions and Answers

Extra GST or double TDS can occur due to various reasons such as incorrect tax calculation or duplicate invoices.

• It is important to review invoices and tax calculations thoroughly before making payments.

• Double checking the vendor details and invoice numbers can also prevent duplicate payments.

• Maintaining accurate records and reconciling accounts regularly can help identify any discrepancies.

• In case of any errors, it is...read more

Accounts Payable Process involves receiving, verifying, and processing invoices for payment.

• Invoices are received from vendors

• Invoices are verified for accuracy and authenticity

• Invoices are processed for payment

• Payments are made to vendors

• Records are maintained for future reference

Check points in Accounts Payable ensure accuracy and prevent fraud.

• Verify invoices against purchase orders and contracts

• Ensure proper approval and coding of invoices

• Match payments to invoices and reconcile accounts

• Monitor vendor statements and resolve discrepancies

• Perform regular audits and reviews to prevent fraud