Accounts Payable

he duties of Accounts Payable depend on their work environment. Those who work in a large finance department may have a smaller remit, while others who work in smaller settings may have a wider scope of duties. Additional responsibilities may include producing payment forecasts for the management or liaising with suppliers regarding agreed payment profiles. In general, their key tasks include:

• Communicating with relevant suppliers to process invoicing or payment queries


• Attaching the correct documentation to invoices and reconciling purchase orders to invoices received


• Posting invoices and credit notes and ensuring they're coded correctly in the system


• Preparing monthly supplier statement reconciliations


• Dealing with external and internal queries by phone and email


• Preparing and processing supplier payments and ensuring that a senior Finance Manager has signed all payments off


• E...