1. Accounts Payable/ Accounts Receivable Accounts Payable – Inwarding of bills, Approval and Supporting documents as per policy check list, Approving accounting Entries, Posting accounting Entries in system, Printing of Cheques, Dispatch of Cheques etc.
Accounts Receivable – Receipt of list of outstanding payments, Telecalling and Field Visits, Query/Dispute Resolution, Collection of Cheques, Deposition of Cheques etc.
2. Accounts Reconciliation
This is a Semi-Automated Process between two databases like Purchase List, Reversal List, Bank-book, Bank Statement, Cash Management Statement, Loan Account, inventory & stock etc.