Transaction Processing Executive Interview Questions and Answers

The tcodes posting entry in AP refers to the transaction codes used for posting entries in the Accounts Payable module.

• Tcodes are used to perform specific tasks in SAP systems.

• In the context of AP, tcodes are used to post entries related to vendor invoices, payments, and adjustments.

• Examples of tcodes for posting entries in AP include FB60 (Enter Incoming Invoices), F-53 (Post Outgoing Payments), and FB05 (Post with Clearing).

To verify and validate invoices, I follow a systematic process that includes checking for accuracy, authenticity, and compliance.

• Review the invoice for accuracy in terms of amounts, quantities, and descriptions

• Verify the authenticity of the invoice by cross-checking it with supporting documents such as purchase orders or delivery receipts

• Ensure compliance with company policies and procedures, as well as legal and regulatory requirements

• Confirm that the invoice has been proper...read more

I will discuss the importance of transaction processing in today's business world.

• Transaction processing is crucial for businesses to maintain accurate records of financial transactions.

• It allows for real-time tracking of inventory and sales, enabling businesses to make informed decisions.

• Transaction processing also helps prevent fraud and errors in financial reporting.

• With the rise of e-commerce, transaction processing has become even more important for online businesses.

• Ove...read more