FAQs
What are the primary responsibilities of the SH Bills position?
The primary responsibilities include preparing forecasts of bills, implementing vendor registration, managing accounts payable closing, processing vendor payments, and ensuring timely reconciliation of vendor accounts.
What qualifications are needed for the SH Bills position?
Typically, a background in accounting or finance is preferred, along with experience in accounts payable and vendor management processes.
How does the SH Bills position ensure compliance with accounting standards?
The position includes undertakings such as periodic reconciliation of payables and ensuring entries are updated in compliance with statutory stipulations.
What is the process for vendor payments in this role?
Vendor payments are processed based on prepared vouchers that adjust debit and credit notes and are validated in the system, after verifying the invoices related to consumables, R&M, plant operations, etc.
How are disputes managed regarding vendor payments?
The disputed portion of payments is held back and paid the following month after conducting due diligence to resolve the dispute.
Is there a deadline for reconciling vendor accounts?
Yes, it is crucial to ensure quarterly and monthly reconciliation of vendor accounts in a timely manner.
What actions are taken if payment to vendors is delayed?
Corrective actions are undertaken to address any deviations from the timely payment schedule to ensure vendors are paid promptly.
Are there any specific software or systems that need to be used in this role?
While the job description does not specify, familiarity with accounting software and systems used for processing payments and managing vendor accounts is generally expected.
How often are vendor accounts reconciled?
Vendor accounts are reconciled both quarterly and monthly to ensure accuracy in financial records.
What kind of invoices does the SH Bills position deal with?
The position deals with invoices related to consumables, repairs and maintenance (R&M), plant operations, equipment, and administrative expenses.