- Maintain and update supplier trading ledgers accurately.
- Verify purchase invoices, debit note and credit notes.
- Reconcile supplier statements with company records.
- Monitor outstanding balances and resolve discrepancies.
- Ensure timely settlement of supplier payments.
- Coordinate with the Purchase Department for invoice verification and approvals.
Trading Payments
- Process supplier payments through NEFT, RTGS, IMPS, or Cheque.
- Prepare payment schedules based on due dates and management approvals.
- Verify supporting documents before processing payments.
- Maintain payment registers and transaction records.
- Ensure accurate accounting entries for all supplier payments.
Non-Trading Payments
- Process payments for rent, electricity, telephone, internet, maintenance, security services, transport, insurance, AMC, skilled fees, consultancy charges and other administrative expenses.
- Verify invoices with the respective departments before payment.
- Ensure TDS deductions and statutory compliance wherever applicable.
- Maintain recurring payment schedules and records.