Account Payable/Receivable

Job description

This job opportunity is being offered on behalf of our client.

job Responsibilities for Accounts Payable:-

We are seeking a skilled and detail-oriented Accounts Payable (AP) Accountant to join our Outsourcing Services team. The AP Accountant will play a critical role in providing accounts payable support to our clients, ensuring accuracy, efficiency, and compliance with Clients SOPs, Policies and accounting standards. The ideal candidate will have excellent knowledge of accounting and using accounting software, excellent communication skills, and a commitment to delivering exceptional client service.

Key Responsibilities:

• Process vendor invoices accurately and efficiently on behalf of clients, ensuring proper coding, approvals, and documentation in accordance with client policies and procedures.
• Review vendor statements and reconcile accounts payable balances, identifying and resolving discrepancies to ensure accurate financial reporting.
• Prepare and process payments for clients, including checks, electronic transfers, and ACH payments, adhering to payment terms and schedules established by clients.
• Maintain accurate and up-to-date accounts payable records for clients, including vendor master data, invoice registers, and payment processing logs.
• Assist clients with month-end and year-end close processes related to accounts payable, including accruals, reconciliations, and reporting as needed.
• Monitor accounts payable aging reports for clients, proactively identifying past due invoices and communicating with vendors to facilitate timely resolution and payment.
• Collaborate with client stakeholders, including procurement, finance, and operations teams, to address inquiries, resolve issues, and improve processes related to accounts payable.
• Ensure compliance with client-specific internal controls, policies, and procedures related to accounts payable processing and reporting.
• Assist clients with tax compliance activities related to accounts payable transactions, including TDS, GST, and other direct & indirect tax filings, ensuring accuracy and timeliness in reporting and remittance.
• Stay informed about changes in accounting standards, tax laws, and regulations affecting accounts payable transactions, and provide guidance and recommendations to clients as needed.

Job Responsibilities for Accounts Receivables:-

We are seeking a detail-oriented and experienced Accounts Receivable (AR) Accountant to join our Outsourcing Services team. The AR Accountant will be responsible for managing the accounts receivable process for our clients, ensuring accuracy, efficiency, and timely collection of outstanding receivables. The ideal candidate will have excellent knowledge of accounting and using accounting software, excellent communication skills, and a commitment to delivering exceptional client service.

Key Responsibilities:

• Manage the accounts receivable process for clients, including invoicing, billing, and collections, in accordance with client policies and procedures.
• Generate and distribute client invoices accurately and timely, ensuring proper documentation, coding, and approval processes are followed.
• Monitor accounts receivable aging reports for clients, proactively identifying overdue invoices and following up with customers to facilitate timely payment.
• Maintain accurate and up-to-date accounts receivable records for clients, including customer master data, invoice registers, and collection notes.
• Reconcile customer accounts and resolve discrepancies, including applying payments, issuing credit memos, and processing adjustments as needed.
• Assist clients with month-end and year-end close processes related to accounts receivable, including bad debt reserves, allowance calculations, and reporting as needed.
• Collaborate with client stakeholders, including sales, customer service, and finance teams, to address inquiries, resolve disputes, and improve processes related to accounts receivable.
• Ensure compliance with client-specific credit policies, collections procedures, and internal controls related to accounts receivable management.
• Assist clients with tax compliance activities related to accounts receivable transactions, including GST, and other tax filings, ensuring accuracy and timeliness in reporting and remittance.
• Stay informed about changes in accounting standards, tax laws, and regulations affecting accounts receivable transactions, and provide guidance and recommendations to clients as needed.

Job Responsibilities for Accountant:-

• Functions can include, but are not limited to, assisting with Accounts Payable (AP), Accounts Receivable (AR), and supporting the preparation and analysis of Management Information Systems (MIS) reports.
• Support in Internal audit and other process re-engineering activity. 
• Help with daily financial transactions and maintain accurate records.
• Participate in the reconciliation of accounts and handling of financial documentation.
• Contribute to budgeting and forecasting processes.
• Support the finance team in various ad-hoc tasks and projects as needed.