Scrutinize the expense and vendor ledgers to ensure expenses are accounted under proper GL/Cost & profit Centre with appropriate supporting and narration.
Develop, implement and monitor appropriate P2P Controls such as - Vendor onboarding validations/ Vendor Master Maintenance/ Agreement checking/ Invoice Approvals etc.
Identify areas for automation in the P2P process and evaluate and implement BOTs and RPAs.
Period closure controls such as - purchase & expenses provisioning, Cross charges, Prepaid expense allocation, cost allocation from common cost, Centre to departmental cost centre, Control a/c reconciliation, report variance analysis of expenses - actual vs budget.
Define SOPs for invoice booking and other checks such as three way matching of PO/GRN and Invoice, resolving mismatches if any and validation of agreements & arrangements with various vendors.
Vendor aging report, vendor balance reconciliation and ensuring payments are done as per the credit period arrangement with each vendor.
Responsible for appropriate TDS/TCS deduction/collections as per the Income Tax Act and rules and filing of returns on time.
Responsible for GST accounting, reconciliation with GSTR 2A and follow up with vendors to make sure that no input credit is missed.
Handling escalations and communications with the cross functions and vendors.
Job Requirement
Candidates with minimum 4 to 5 years of experience in accounts payable team with SAP work experience preferred.
