Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks‚ wire transfers and ACH payments ▪ reconciliation of payments
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PeopleSoft Enterprise Payroll Process Integration Pack for SAP 8.9 PeopleBook April 2005 PeopleSoft Enterprise Payroll Process Integration Pack for SAP 8.9 PeopleBook SKU HRCS89MP1PIP-B 0405 Copyright © 1988-2005 PeopleSoft‚ Inc. All rights reserved. All material contained in this documentation is proprietary and confidential to PeopleSoft‚ Inc. (“PeopleSoft”)‚ protected by copyright laws and subject to the nondisclosure provisions of the applicable PeopleSoft agreement. No part of this documentation
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DIGITIZING ACCOUNTS PAYABLE DOCUMENTS When accounting files are sent to the archives at the end of the year‚ the portion taken up by the accounts payable documents usually exceeds that of all other documents combined. For some companies with high accounts payable files‚ it is a major expense to remove all the paperwork‚ box it up and identify it‚ and ship it off to a warehouse‚ from which it must be recalled occasionally for various tasks. Digitizing the documents is a means of avoiding the expense
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Highly organized and detail-focused individual with an exceptional track record of accurately handling accounting‚ cashiering‚ inventory management‚ retail management and operational efficiency. Skilled in all aspects of managing and reconciling accounts and ensuring it’s accuracy and completeness. Expertise in developing and delivering daily and monthly reports for management within tight deadlines. Proven ability to identify and implement improvements to streamline processes and increase efficiency
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over cash disbursements use a voucher system. ANS: T PTS: 1 4. In a voucher system‚ the sum of all unpaid vouchers in the voucher register equals the firm’s total voucher payable balance. ANS: T PTS: 1 5. The accounts payable department reconciles the accounts payable subsidiary ledger to the control account. ANS: F PTS: 1 6. The use of inventory reorder points suggests the need to obtain specific authorization. ANS: F PTS: 1 7. Proper segregation of duties requires that
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Improving Ramsville Accounts Payable Key Issues The key problem encountered by Ramsville is that 6.5% of the accounts payable (AP) are overdue‚ causing Ramsville’s relationships with their suppliers to deteriorate. In a few cases‚ it is impacting further shipment of parts‚ potentially causing Ramsville’s manufacturing plant to miss shipping due dates and negatively impacting customers. Ramsville’s irregular distribution of workers and the inefficient accounts payable process has led
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declared and issued a 5% common stock dividend when the market value was $2 per share. Trent’s net income for 2010 was $360‚000. What is the balance in Agee’s investment account at the end of 2010 Cost $500‚000 Share of net income (.25 × $360‚000) 90‚000 Share of dividends (.25 × $160‚000) (40‚000) Balance in investment account $550‚000 2)During 2008‚ PK Co. purchased 2‚000‚ $1‚000‚ 9% bonds. The carrying value of the bonds at December 31‚ 2010 was $1‚960‚000. The bonds mature
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Notes Compiled by Prof. M. B. Thakoor Chapter 2 - Classification of Accounts (Problems) Q.I. Classify the following into personal A/c‚ real A/c and Nominal A/c. 1. Mr. X A/c. 2. Bank of India A/c. 3. Bank A/c. 4. Cash A/c. 5. Land and Building A/c. 6. Plant and Machinery A/c. 7. Furniture A/c. 8. Insurance A/c. / Insurance Premium A/c. 9. Insurance Company A/c. 10. M/s. X & Co. A/c. 11. Rent A/c. / Rent paid A/c 12. Rent Received A/c. 13. Rent Receivable A/c. 14. Rent Payable A/c
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Accounts Payable in BPO The workflow of A/P in BPO industry can be described as follows: 1. Receiving Scanned Invoices: The client company scans its vouchers and vendor’s invoices as and when they are received. 2. Preparing and updating Master database of vendors: A master database for vendors information is prepared which includes details of vendors‚ his address‚ tax code‚ etc. Additional notes relating to vendors are also entered. 3. Documents Review: The scanned documents are
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THE EVALUATION OF THE ACCOUNTS PAYABLE PROCESS in Lexmark Cebu Shared Service Center ______________________________________________ A Research Proposal Presented to the Faculty of the School of Business and Economics University of San Carlos Cebu City‚ Philippines ________________________________________________ In Partial Fulfilment of the Requirements of the Course MAC 601 (Accounting Research) _________________________________________________ By HONEYLET L. QUIMILAT MARY GLEE
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