Job Opportunity: Accenture Accounts Payable Processing Role
Accenture is hiring Procure to Pay Operations New Associates in Bengaluru. This full-time role is perfect for fresh graduates in BBA, BCom, or MCom. Gain hands-on experience in accounts payable, invoice processing, and procurement activities.
Contents
Table of Contents
Accounts Payable Job Summary
- Job Title: Procure to Pay Operations New Associate
- Location: Bengaluru, India
- Experience Required: 0 to 1 year
- Qualifications: BBA, BCom, MCom
Accounts Payable Job Responsibilities
As a Procure to Pay Operations New Associate at Accenture, you will be responsible for various essential tasks that keep the accounts payable processes running smoothly. Below are the key duties that come with the role:
- Invoice Processing: You will be required to process both purchase order (PO) and non-PO invoices, ensuring they match accurately with purchase orders or receipts, following the two-way and three-way matching processes.
- Validation of Input Requirements: Ensure all necessary input requirements are provided for invoice processing. If anything is missing, you’ll take action to gather the required details from the relevant parties.
- Approval Workflow: You’ll follow a defined approval process and escalate issues when necessary. Your role will also involve making sure invoices are sent to the correct approvers and following up to ensure timely payments.
- Maintain Tracking and Reporting: Regularly update the status of your tasks in relevant trackers and ensure 100% of your allocated volumes are completed with accuracy.
- Compliance with SLAs: Ensure that the accounts payable team adheres to Service Level Agreements (SLAs) and turnaround times (TATs), ensuring prompt and accurate processing.
- Vendor Relationship: You’ll work to ensure payments are made on time, boosting vendor compliance and capturing any available discounts.
Accounts Payable Required Skills
To succeed in this role, you should have the following skills and abilities:
- Problem-Solving Skills: The ability to solve routine problems quickly and effectively by referring to guidelines.
- Strong Analytical Skills: A keen eye for detail and the ability to handle large amounts of data accurately.
- Adaptability: You should be able to adjust to shifting priorities and work in a fast-paced environment.
- Knowledge of SAP FI Accounts Payable: Familiarity with the SAP system, particularly the accounts payable module, will be beneficial.
- Communication: Both verbal and written communication skills are crucial, as you’ll interact with various teams and stakeholders within the organization.
Accounts Payable Job Qualifications
To be eligible for the role, you should have the following educational qualifications:
- A BBA, BCom, or MCom degree.
- No prior professional experience is required; fresh graduates are welcome to apply (0-1 year experience).
Important Note
Before applying, please take a moment to read through all the details provided in this job posting. Ensure that you understand the role, requirements, and application process thoroughly. This will help you make an informed decision and present your best self in your application.
FAQ
What is the salary of an accounts payable specialist in Accenture?
The salary for an Accounts Payable Specialist at Accenture typically ranges from ₹3,00,000 to ₹6,00,000 per year, depending on your experience and role.
Is account payable stressful?
While accounts payable can be stressful at times due to deadlines and the high volume of work, the role is manageable with the right organization and teamwork. Working as part of a team will help alleviate individual pressure, and following structured processes makes the workload more predictable.
What questions are asked at an Accenture account payable interview?
During an Accenture accounts payable interview, expect questions regarding:
- Your understanding of accounts payable processes.
- How you approach problem-solving in financial tasks.
- Your knowledge of software like SAP or similar platforms.
- Behavioral questions to gauge your communication, teamwork, and adaptability.
What is involved in account payable?
Accounts payable involves processing and managing invoices, ensuring payments are made on time, reconciling accounts, and working with vendors. It requires attention to detail to ensure that all financial records are accurate, and it involves tracking and reporting to ensure compliance with internal processes.
What is the salary of an AP fresher?
An Accounts Payable fresher in India typically earns between ₹2,50,000 and ₹4,00,000 annually, depending on the company and location.
Is an Accenture interview tough?
Accenture’s interviews can be challenging, but they focus on assessing your technical knowledge, problem-solving skills, and cultural fit. Preparing for technical questions and understanding the company’s values and the role you’re applying for will help you succeed.
Why should we hire you as an account payable associate?
If asked why Accenture should hire you, highlight your attention to detail, eagerness to learn, and your ability to work effectively in a team. Emphasize your educational background, analytical skills, and commitment to providing accurate and timely results in a fast-paced environment.
What is the journal entry for account payable?
The journal entry for accounts payable typically includes:
- Debit: Expense account (for the value of the goods or services received).
- Credit: Accounts Payable (for the amount owed to the vendor).
This entry reflects the liability for unpaid bills and the related expense for the goods or services received.
Important Note
Before applying, please take a moment to read through all the details provided in this job posting. Ensure that you understand the role, requirements, and application process thoroughly. This will help you make an informed decision and present your best self in your application.