HireRight Functional Consultant Interview Questions and Answers

Accounts payable is money owed by a company to its suppliers, while accounts receivable is money owed to a company by its customers.

• Accounts payable represents the money a company owes to its suppliers for goods or services received.

• Accounts receivable represents the money owed to a company by its customers for goods or services provided.

• Accounts payable is a liability on the balance sheet, while accounts receivable is...read more

The GRN posting in ERP reflects in the Inventory account.

• GRN posting reflects in the Inventory account in ERP

• Helps in tracking inventory levels and costs

• Ensures accurate financial reporting