Name: Frontline Source Group Denver
Address: 1512 Larimer St, #750, Denver, Colorado, 80202, US
Telephone: (720) 855-7000

Question 1

What is the primary responsibility of an Accounts Payable Clerk?

Accepted Answer

The primary responsibility of an Accounts Payable Clerk is to manage and process invoices from vendors, ensuring timely payments and maintaining accurate financial records.

Question 2

How does QuickBooks facilitate the accounts payable process?

Accepted Answer

QuickBooks facilitates accounts payable by allowing users to enter bills, schedule payments, track due dates, and generate reports on outstanding liabilities.

Question 3

What key documents are typically involved in accounts payable transactions?

Accepted Answer

Key documents include purchase orders, vendor invoices, payment receipts, and statements of account from suppliers.

Question 4

How can discrepancies between invoices and purchase orders be resolved?

Accepted Answer

Discrepancies can be resolved by reviewing both documents for accuracy, communicating with vendors for clarification, and adjusting entries in QuickBooks if necessary.

Question 5

Why is it important to maintain good relationships with vendors as an Accounts Payable Clerk?

Accepted Answer

Maintaining good relationships with vendors ensures timely deliveries, favorable payment terms, potential discounts, and overall smoother business operations.

Question 6

What is the primary responsibility of an Accounts Payable Clerk?

Accepted Answer

The primary responsibility of an Accounts Payable Clerk is to manage and process invoices from suppliers, ensuring timely payments while maintaining accurate financial records.

Question 7

How does QuickBooks assist in managing accounts payable?

Accepted Answer

QuickBooks helps manage accounts payable by allowing users to track vendor invoices, schedule payments, generate reports, and maintain accurate records of all transactions.

Question 8

What key documents are typically involved in the accounts payable process?

Accepted Answer

Key documents include purchase orders, supplier invoices, payment vouchers, and receipts that verify transactions made with vendors.

Question 9

How can discrepancies in invoices be resolved effectively?

Accepted Answer

Discrepancies can be resolved by comparing invoice details with purchase orders and delivery receipts, communicating with vendors for clarification, and making necessary adjustments in the accounting system.

Question 10

Why is it important to reconcile accounts payable regularly?

Accepted Answer

Regular reconciliation of accounts payable ensures accuracy in financial reporting, helps identify errors or fraud early on, and maintains healthy cash flow management.

Accounts Payable Clerk Job in Aurora CO – QuickBooks Accounting & Property Services Role

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