1. Accounts Payable Processing: Verify, process supplier invoices and match them with purchase orders and receiving reports to avoid duplicate payments and ensure proper documentation. Input accounts payable data into the accounting software system accurately and on time. Generate and issue payment checks or electronic payment requests to suppliers as per the company's payment schedules.
2. Reconciliation and Analysis: Monthly reconcile accounts payable accounts, promptly addressing discrepancies.
Analyze accounts payable aging reports to monitor payment trends and identify improvement or cost - saving opportunities.
3. Communicate with suppliers regarding invoice-related inquiries, payment status updates, and resolve any discrepancies or concerns they may have.
4. Compliance and Documentation: Maintain accurate and organized records of all accounts payable transactions, ensuring compliance with company policies, accounting principles, and regulatory requirements.