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fa analyst in Pune

posted:
location
pune, maharashtra
function
ITeS & BPO
position type
permanent
reference number
921343
contact
randstad india
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job description

?
Difference between A/P and A/R:

Accounts Payable
This current liability account will show the amount a company owes for items or services purchased on credit and for which there was not a promissory note.
Accounts Receivable
A current asset resulting from selling goods or services on credit (on account)

Accounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet (a form of debt), sometimes referred as trade payables. When an invoice is

Benefits
?History of Metro:
Founded in 1964 in Germany, our company quickly spread into many countries in Europe, Asia and Northern Africa. Our tradition in wholesale is accompanied by social heritage: our truly international corporate culture.
Facts & Figures
With around 700 stores in 30 countries, METRO Cash & Carry is the international leading self-service wholesale operator with sales of around � 31 billion in 2010. Each day, our more than 100,000 employees are happy to serve our customers: with a comprehensive assortment of up to 50,000 food and non-food articles, our wholesale stores offer a wide range of high quality products for the needs of our professional customers such as hotels, restaurants, caterers, traders and service companies. Variety, quality, product safety, professional services but also a true international culture, a strong corporate responsibility and entrepreneurial spirit are trademarks of METRO Cash & Carry.
modern trade and supply structures.
The METRO Cash & Carry success story began in 1964 with the opening of the first wholesale outlet in Germany. Today the company is represented in 30 countries with METRO and MAKRO Cash & Carry stores at around 700 locations - and offers its commercial customers up to 50,000 different products from a single source.


Client Introduction
?METRO Cash & Carry is the leading international player in self-service wholesale: customer-focused, international and innovative. Our concept is oriented towards helping our customers to successfully run their own businesses; made for professional customers who hold a business licence, such as hotels, restaurants, caterers, small retailers and offices.
Our strategy is focused on an enhanced wholesale model suited for the most demanding international markets - across the world from Madrid to Moscow to Shanghai. With the introduction of a regional organization we have optimized the company�s structure for the future. We are looking back on a history of success in wholesale concepts.
History of Metro:
Founded in 1964 in Germany, our company quickly spread into many countries in Europe, Asia and Northern Africa. Our tradition in wholesale is accompanied by social heritage: our truly international corporate culture.
Facts & Figures
With around 700 stores in 30 countries, METRO Cash & Carry is the international leading self-service wholesale operator with sales of around � 31 billion in 2010. Each day, our more than 100,000 employees are happy to serve our customers: with a comprehensive assortment of up to 50,000 food and non-food articles, our wholesale stores offer a wide range of high quality products for the needs of our professional customers such as hotels, restaurants, caterers, traders and service companies. Variety, quality, product safety, professional services but also a true international culture, a strong corporate responsibility and entrepreneurial spirit are trademarks of METRO Cash & Carry.

skills

?Accounting Terms

Reconciliation is the adjusting of the difference between two items (e.g., balances, amounts, statements, or accounts) so that the figures are in agreement. Often the reasons for the differences must be explained. One example would be reconciling a checking account (bringing the checking ledger and bank balance statement into agreement).


Reasons for Reconciliation:
1) Cheques deposited into bank but not recorded in the bank book.
2) Cheques issued but not presented in bank.
3) Bank charges directly debited from bank account not mentioned in bank book.
4) ECS, not mentioned in bank book.
5) Interested credited into bank account not mentioned in bank book.
6) Cheques deposited not cleared.


Difference between A/P and A/R:

Accounts Payable
This current liability account will show the amount a company owes for items or services purchased on credit and for which there was not a promissory note.
Accounts Receivable
A current asset resulting from selling goods or services on credit (on account)

Accounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet (a form of debt), someti

qualification

?Understanding Accounting:
Accounts Payable Function
The accounts payable function of accounting is an area that requires close monitoring and accurate record keeping, unless you �d like to pay for things you don�t receive. Everything that you purchase in the course of operating your business is termed an �account payable�. How you choose to pay for that merchandise, may vary. Some small items are paid for as they are purchased, and listed in an area known as miscellaneous expense. Some of the more expensive pieces of equipment you�ll need in order to operate your business, will be set up as �long-term liabilities�, not as a true accounts payable.
The accounts payable that we are referring to in this article, are the items that you purchase in sufficient quantity to warrant a purchase order, an invoice, and a net due term on your account. Most often, your purchases that will go to an accounts payable area are the items you need to create your product or service. If you sell widgets, and the widgets are made from blodgets and blocks, you would purchase blodgets and blocks by the hundreds. These purchases would occur on a regular basis, on set intervals. When the items arrive, they are shipped with a pack list that will be checked, attached to a receiver, and sent to the accounting department for future payment. This is a true accounts payable item.
At some point during the process, you will receive an invoice from the manufacturer of the items, and it will detail what you were shipped on a particular day; all this should match the pack list and receiver you have in your accounts payable for that manufacturer. In a perfect world, it matches every time, in reality, it will only match maybe 65% of the time.
Noted somewhere on that invoice, will be the terms of payment. Some of the invoices you receive will say �Net 7� or �Net 30�; this simply means payment is due within 7 or 30 days. With the use of
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