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Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2010 Dear all

I know that vendor reconciliation is acccount payable , further i want to know whether there is growth in my career.i finished my B.com

please any body tell me full job resposiblity and whether it is easy to work and i can develop my knowledge in accounts transaction.

pls do the needful

CA SMR

CA SMR (Expert)
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14 September 2010 Yes,vendor reco is definitely accounts related job.Its part of accounts payable activity where one has to reconcile vendor balance in his books of accounts with that of the vendor balance in the books of the vendor.
Take a statement of account from the vendor
The statement must have invoice wise detail of each transaction.
Compare the statement with the vendor accounts as per your book.
Any difference should be separately shown in the reconciliation statement.

Sample reconciliation statement:
Balance as per ABC(Vendor) Statement:
Less: Payment not reflected in vendor a/c
Less:Invoices not booked by us
Add:Invoices booked by us but not reflected by vendor
Balance as per our books of accounts

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2010 Thnx and its usefull for my career pls dont angry iam a entry level person so pls do the needful

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