Accounts Payable Accountant job at Uganda National Oil Company | Apply Now

Invoice Processing: Receive, review, and process invoices from vendors and suppliers for goods and services rendered. Verify accuracy, match invoices with purchase orders and receipts, and obtain necessary approvals for payment.

Payment Processing: Prepare and process payments to vendors via check, electronic funds transfer (EFT), or other payment methods, ensuring accuracy and timeliness in accordance with payment terms and company policies.

Expense Reconciliation: Reconcile accounts payable transactions, resolve discrepancies, and ensure proper allocation of expenses to the appropriate accounts or cost centers.

Vendor Management: Maintain vendor master files, update vendor information, and respond to vendor inquiries regarding payment status, invoice discrepancies, and account statements.

Accounts Reconciliation: Reconcile accounts payable sub-ledger with the general ledger, investigate and resolve variances, and prepare account reconciliations as part of the month-end closing process.

Accruals and Prepayments: Record accruals and prepayments for expenses incurred but not yet invoiced or paid, ensuring accurate recognition of expenses in the appropriate accounting periods.

Compliance: Ensure compliance with company policies, accounting standards, and regulatory requirements related to accounts payable processes, internal controls, and financial reporting.

Reporting: Generate accounts payable reports, metrics, and analysis to track payment performance, aging of payables, cash flow projections, and other key performance indicators (KPIs).

Process Improvement: Identify opportunities for process improvements, automation, and efficiency enhancements in accounts payable processes, such as streamlining workflows, implementing electronic invoicing systems, or optimizing payment terms.

Audit Support: Assist with internal and external audits by providing documentation, supporting schedules, and responding to audit inquiries related to accounts payable transactions and controls.