- Account Payable

Accounts Payable individual will be responsible for managing end-to-end vendor payment processes, ensuring accurate accounting of purchase transactions, timely processing of invoices, reconciliations, and compliance with applicable statutory regulations, assist in finalisation accounts and support in audits. The role requires solid attention to detail,

sound accounting knowledge, and proficiency in accounting systems and Excel.

Key Responsibilities:

Accounts Payable Management

- Process and record vendor invoices, purchase bills, credit notes, and debit notes accurately in the accounting

system.
- Verify invoices against purchase orders, contracts, approvals, and supporting documents.
- Ensure timely processing of vendor payments as per agreed payment terms.
- Maintain vendor master data and ensure accuracy of vendor records.
- Handle accounting tasks using Zoho Books & Tally software.

Reconciliation & Controls

- Perform regular vendor account reconciliations and resolve discrepancies promptly.
- Reconcile purchase ledgers, vendor reports, and outstanding payable balances.
- Assist in monthly bank reconciliations and expense reconciliations.
- Monitor ageing of vendor balances and ensure timely settlement of dues.

Compliance & Documentation

- Assist in GST compliance activities,



including verification of GST invoices, GSTR-2B reconciliation, and

Input Tax Credit (ITC) matching.
- Support TDS deduction, reconciliation, and documentation as per statutory requirements.
- Maintain proper accounting records, supporting documents, invoices, and payment approvals.
- Ensure all other compliances with company policies, internal controls, and statutory regulations.

Reporting & Period-End Activities

- Prepare AP ageing reports, vendor outstanding reports, and other MIS reports.
- Conduct regular variance analysis to track and explain deviations from budgeted figures.
- Support month-end and year-end closing activities by providing required schedules and reconciliations.
- Support in the finalisation of accounts.
- Assist during statutory audits, internal audits, and tax audits by providing necessary documentation and

explanations.

Stakeholder Management

- Coordinate with procurement, operations, finance teams, and vendors to resolve invoice and payment-

related issues.
- Respond to vendor queries regarding invoice status, payments, and account reconciliations.
- Work closely with internal and external stakeholders to ensure smooth processing of financial transactions.

📌 Accounts Payable - Senior Executive / Executive (Mumbai)
🏢 Advance Career Solutions
📍 Mumbai