P2P Accounts Job Description Template
The P2P (Procure-to-Pay) Accounts role involves managing the end-to-end accounts payable process. This includes ensuring invoices are processed timely and accurately, managing supplier relationships, and ensuring compliance with internal policies and external regulations.
Responsibilities
- Process and review supplier invoices for accuracy and completeness.
- Ensure timely payment of invoices and manage payment schedules.
- Reconcile supplier statements and resolve discrepancies.
- Maintain accurate accounts payable records.
- Coordinate with procurement and other departments to resolve invoice issues.
- Review and verify expense reports for compliance with company policies.
- Prepare and process electronic transfers and payments.
- Assist in month-end closing activities related to accounts payable.
- Ensure compliance with internal controls and financial regulations.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- 2-4 years of experience in accounts payable or a related finance role.
- Strong understanding of accounts payable principles and procedures.
- Experience with ERP systems (e.g., SAP, Oracle).
- Proficiency in Microsoft Office, particularly Excel.
- Excellent organizational and time management skills.
- Strong analytical and problem-solving abilities.
- Detail-oriented with high accuracy in work.
Skills
- Accounts Payable
- Invoice Processing
- Reconciliation
- ERP Systems
- Microsoft Excel
- Financial Reporting
- Time Management
- Analytical Skills
- Attention to Detail
Frequently Asked Questions
A P2P Accounts professional, often part of the procure-to-pay process, manages the end-to-end cycle of purchasing raw materials and services. They handle tasks such as invoice processing, supplier payments, and account reconciliation. This role ensures financial transactions are recorded accurately and efficiently, supporting the smooth operation of business transactions.
To become a P2P Accounts specialist, candidates typically need a degree in finance, accounting, or a related field. Relevant experience in accounts payable or procurement is beneficial. Professional certifications like Certified Accounts Payable Professional (CAPP) may enhance prospects. Strong analytical and organizational skills are also crucial for success in this role.
The average salary for a P2P Accounts professional varies based on experience, location, and company size. Generally, salaries for entry-level roles start at a competitive range, with senior positions earning significantly more. As the role involves critical financial operations, professionals in this field can expect comprehensive earnings.
A position in P2P Accounts typically requires a bachelor's degree in finance, accounting, or business administration. Familiarity with accounts payable processes, proficiency in accounting software, and experience with financial reconciliation are vital. Additionally, certifications in accounting or finance fields can also enhance a candidate's qualifications.
A P2P Accounts specialist should possess strong analytical skills, attention to detail, and proficiency in financial software and tools. Responsibilities include managing purchase orders, processing supplier invoices, conducting financial reconciliations, and ensuring compliance with procurement policies. Effective communication and negotiation skills are also essential in this role.