AP/AR specialist

Job Title: AP/AR Specialist

Location: Bangalore,Karnataka

Reports to: Project Manager

Department: Operations

Employment Type: Full-time

Company Description

Invensis has been recognized as one of the leading service providers by several experts. We have made it to their list on account of our experience in supporting the end-to-end needs of global businesses and ability to bring about process improvements with up-to-date technology and methodologies.

Role Description

This is a full-time on-site role at our location in Bangalore for an experienced Accountant. Join our finance team as an Accounts Payable/Receivable Specialist handling end-to-end P2P, O2C, and core accounting processes. Manage vendor payments, customer collections, reconciliations, and basic bookkeeping to ensure accurate financial operations and optimal cash flow

Responsibilities

• Execute full Procure-to-Pay (P2P) cycle: Process purchase orders, match 3-way PO-GRN-invoice, code expenses, obtain approvals, and schedule payments.
• Manage Accounts Payable (AP): Record vendor invoices (Dr Expense Cr AP), process payments (Dr AP Cr Bank), reconcile vendor statements.
• Handle Accounts Receivable (AR) and Order-to-Cash (O2C): Generate sales invoices (Dr AR Cr Sales), send statements, follow up collections, apply cash receipts (Dr Bank Cr AR).
• Perform bank reconciliations: Match cash book with bank statements, adjust for NSF cheques, bank fees, outstanding items.
• Post basic journal entries for accruals (Dr Expense Cr Accrued Liability), prepaids, cash accounts, and adjustments.
• Manage accrual accounts: Record unpaid expenses (outstanding salaries, utilities) and unearned revenues as liabilities/assets.
• AP bill processing and payments
• 2-way matching, 3-way matching

Qualifications

• 2+ years in AP/AR, P2P, or O2C processes.
• Strong knowledge of double-entry bookkeeping, golden rules (real/personal/nominal accounts), accounting equations.
• Proficiency in Excel (VLOOKUP, pivot tables), ERP systems (Tally, SAP, QuickBooks).
• Familiarity with bank reconciliation, NSF handling, prepaid/accrual adjustments.
• Bachelor's in Commerce/Accounting; certifications like Tally or CAPA preferred.
• Detail-oriented, deadline-driven, with excellent communication for vendor/customer queries.