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The Accounts Payable Clerk is responsible for providing financial and administrative in order to ensure effective, efficient and accurate financial and administrative operations.
SCOPE
The Accounts Payable Clerk reports to the Director of Finance and is responsible for providing financial, administrative and clerical services. This includes processing and monitoring payments and expenditures and preparing and monitoring the payroll system. Providing these services in an effective and efficient manner will ensure that municipal finances are accurate and up to date,
that staff are paid in a timely and appropriate manner and that vendors and suppliers are paid within established time limits.
RESPONSIBILITIES
1. Perform the day to day processing of accounts payable transactions to ensure that municipal finances are maintained in an effective, up to date and accurate manner
Main Activities:
Receive and verify invoices and requisitions for goods and services
Verify that transactions comply with financial policies and procedures
Prepare batches of invoices for data entry
Data enter invoices for payment
Process backup reports after data entry
Manage the weekly cheque run
Record all cheques
Prepare vendor cheques for mailing
List all vendor cheques in the log book
Prepare manual cheques as and when required
Maintain listing of accounts payable
Maintain the general ledger
Maintain updated vendor files and file numbers
Print and distribute monthly financial reportsAccounts Payable Clerk
2. Complete payroll functions in order to ensure staff are paid in an accurate and timely manner
Main Activities:
Establish and maintain confidential casual employee files
Process TD1 forms
Calculate salaries and benefits
Verify pay amounts, hours of work, deductions, etc.
Verify coding and obtain signatures
Batch paysheets for data entry
Data enter of payroll information
Log in and distribute pay cheques
Prepare and remit source deductions and payroll tax
3. Provide administrative support in order to ensure effective and efficient office operations
Main Activities:
Maintain inventory files
Maintain a filing system for all financial documents
Ensure the confidentiality and security of all financial and employee files
4. Perform other related duties as required
What else can I help you with?
Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What will usually cause the liability account Accounts Payable to increase?
Purchases from vendors on credit is the main cause for increasing accounts payable account in normal course of business.
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
Are creditors accounts payable or accounts receivable?
Accounts Payable
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
How do you get weighted average for accounts payable?
Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000
What will usually cause the liability account Accounts Payable to increase?
Purchases from vendors on credit is the main cause for increasing accounts payable account in normal course of business.
What is the antonym of accounts payable?
Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.
Are accounts payable accounts that you expect will be paid to you?
are accounts payable accounts that expect will be paid to u
What causes accounts payable to increase or decrease?
When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable 250 When you pay for your purchases it will decrease accounts payable. Accounts Payable 250 Cash 250
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is accounts payable a variable cost?
Yes Accounts payable is a variable cost.
What are accounts payable entries?
[Debit] Accounts payable [Credit] Cash / bank
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
What does the accounts payable department do?
The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.
