Solenis Accounts Payable Executive Interview Questions and Answers

P2P Cycle Accrual is a process of recording expenses in the financial statements before they are paid.

• P2P stands for Procure-to-Pay

• Accruals are recorded to match expenses with the period they were incurred

• This concept helps in accurate financial reporting

• Example: Recording an expense for goods received but not yet invoiced

• Example: Recording an expense for services received but not yet paid