#corporatewala #freshersinterviewtips #accountspayable #mostimportantquestions

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Important Resources for Interview Preparation:

R2R (Record to Report) 3 days Video Course https://bit.ly/corporatewalar2r
P2P (Accounts Payable) 3 days Video Course https://bit.ly/corporatewalap2p
O2C (Accounts Receivable) 3 days Video Course https://bit.ly/Corporatewalao2c
Journal Entries Made Simple eBook https://bit.ly/JEMSeBook
Accounts Payable Key Concept eBook https://bit.ly/APp2pebook
Accounts Receivable Key Concept eBook https://bit.ly/AReBook
Accounts Payable Tricky Questions eBook https://bit.ly/APTebook
R2R (Record to Report) 2 days Video Course https://bit.ly/449neI3
P2P (Accounts Payable) 2 days Video Course https://bit.ly/47vCTV1
O2C (Accounts Receivable) 2 days Video Course https://bit.ly/3KH3ogw


In this video I have covered following questions:

00:00 Intro
00:02 What are the Golden Rules of Accounting?
01:32 What is Invoice processing? Invoice processing in SAP? Invoice processing in P2P?
01:47 What is 2 way matching? what is two way matching in accounts payable?
02:08 What is 3 Way matching? What is 3 way matching in SAP?
02:30 Can we do 3 way matching without an Invoice?
02:39 What will you do if you find any differences in 3 way matching process?
03:01 What is an Invoice?
03:22 What are the key details we will find on the Invoice?
03:59 How many types of invoice are there?
04:15 What is PO based invoice and what is non PO based invoice?
04:30 Can you give me example of non po invoice?
04:45 Can you walk me through the step by step process of Invoice processing in SAP?
05:22 What are the various payment methods a company use in P2P or AP process?
05:57 What are the main challenges in an invoice processing process?
06:32 What will you do if you find any difference or mismatch while doing 2 way matching or 3 way matching?
07:36 What is threshold limit in Invoice processing or accounts payable process?
07:47 What is P2P cycle, can you walk me through it?
09:00 What is the importance of vendor relationship management?
10:05 What is Accounts Payable ageing report?
10:24 How do you priorities which invoice we should process first?
10:55 How would you ensure the accuracy of process invoice?
11:19 What is Accounts Payable?
11:35 Where you will show the Accounts Payable in the Balancesheet?
11:44 What is GRN? What is Goods Receipt Note?
12:04 Outro and Watch other P2P/ AP videos

if you have an other question write them down in comment and i will answer them or Reach out to me for your specific Questions Comment: