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 may be reproduced‚ stored in a retrieval system‚ or transmitted in any form or by any means‚ including‚ but not limited to‚ electronic‚ graphic‚ mechanical‚ photocopying‚ recording‚ or otherwise without the prior written permission of PeopleSoft. This documentation is subject to change without
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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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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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Original copy of the sales invoice Review and signthe sales invoice Print the sales invoice Sales Invoice System Flowchart A Customer Sales
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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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descriptions. ANS: F PTS: 1 3. Firms that wish to improve control 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
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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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1 FLOWCHARTS PREPARED BY: ANUSHKA NANCOO 2 WHAT IS A FLOWCHART? Maps or graphical representations of a process Illustrates the sequence of operations to be performed to get to the solution of a problem Useful tool for communication 3 USES OF A FLOWCHART To see whether the steps of a process are logical To record the sequence of tasks in a process To uncover problems/miscommunication To define the boundaries of a process Aids in developing a common base knowledge
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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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