- Process and review vendor invoices, purchase orders, and expense reports for accuracy and completeness.
- Obtain necessary approvals and ensure all invoices are coded correctly and entered into the accounting system in a timely manner.
- Reconcile vendor statements and resolve any discrepancies or issues with outstanding invoices.
- Prepare and process weekly check runs or electronic payments (ACH) for vendor payments.
- Maintain accurate records of accounts payable transactions and ensure proper documentation and filing.
- Assist in month-end closing procedures, including accruals, reconciliations, and reporting.
- Generate and distribute 1099 forms to vendors and ensure compliance with IRS regulations.
- Respond to vendor inquiries and resolve payment-related issues in a timely and professional manner.
- Collaborate with cross-functional teams to streamline processes and improve efficiency in accounts payable operations.
- Assist with ad hoc projects and initiatives as assigned by management.
- Bachelor's degree in Accounting, Finance, or related field preferred.
- Minimum of 3 years of experience processing full cycle accounts payable in a manufacturing or related industry.
- Proficiency in accounting software (e.g., SAP, Oracle, or similar) and Microsoft Excel.
- Strong understanding of accounting principles and practices, particularly in accounts payable processes and 1099 reporting.
- Excellent attention to detail and accuracy in data entry and record-keeping.
- Ability to prioritize tasks, manage multiple deadlines, and work effectively in a fast-paced environment.
- Strong communication and interpersonal skills, with the ability to interact professionally with vendors and internal stakeholders.
- Knowledge of IRS regulations related to 1099 reporting and experience processing 1099 forms.
- Experience with electronic payment processing (ACH) is a plus.
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AP Specialist - California, United States - Ledgent
Description
A leading manufacturing firm located in El Segundo, CA, specializing in a wide array of products, is currently seeking a skilled and detail-oriented Accounts Payable Specialist to join their finance team.
Position Overview: The Accounts Payable Specialist will be responsible for managing the full cycle accounts payable process and ensuring timely and accurate payments to vendors. Additionally, the candidate will handle processing 1099 requests and maintaining compliance with IRS regulations.
Responsibilities:
Qualifications:
All qualified applicants will receive consideration for employment without regard torace, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status.We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.