A/P Clerk

Frank's Supply Company is a major supplier of construction tools and equipment with our focus on both sales and rental.  We are currently seeking an A/P Clerk for our Albuquerque location.

Summary of Position Responsibilities:
The accounts payable clerk is responsible for processing vendor invoices for payment, ensuring the validity and accuracy of vendor invoices, assigning the cost of the various goods and service purchased to the appropriate general ledger account, and disbursing funds for various liabilities according to agreed upon terms and conditions.  It is through this position that the liability for the cost of goods and services consumed by the Company is properly recorded and ultimately paid.  This position plays an important role, through the accurate and timely payment of obligations, in maintaining good relations with the numerous suppliers that the Company depends upon for successfully conducting business.

Specific Tasks and Responsibilities:

• Process of vendor invoices (daily) which includes:                                                                                                                                                                           
• 1. Determine that goods or services have been received and the date received

1. Using the receiving date, determine the appropriate accounting period that the goods or services should be recorded to
2. Determine that costs are being charged to the appropriate store or profit center and general ledger account code
3. Voucher into the accounts payable system the vendor invoice by matching quantities, part numbers, and prices to the purchase order and receiving report
4. Verify terms and due date are correct in the computer for the vendor and that all available discounts are taken
5. Check that the amount vouchered into the computer system agrees to the total of vendor invoices and print the voucher report as an audit trail
6. Investigate and resolve any discrepancies between vendor invoice, receiving report and purchase order.  If the Company has been billed incorrectly, it may be necessary to contact the vendor for proof of delivery.  It may also be necessary to short pay an invoice by issuing a debit memo with an explanation for short payment
7. Employee expense reports, employee advance, etc. should be approved by appropriate manager before processing for payment

• Processing of disbursement checks which includes:

1. Print the checks on a weekly basis, attach appropriate documentation and mail
2. Print check register

• Set up new vendors as requested which includes:

1. Obtain approved and completed vendor information sheet
2. Send credit application along with trade references to the vendor
3. Upon approval from vendor, set up vendor in accounts payable system

• End of month closing of accounting period which includes:

1. Review unvouchered report to ensure all invoices have been entered for that accounting period
2. Reconcile general ledger inventory amount to perpetual inventory amount and investigate any discrepancies
3. Reconcile petty cash