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Explain the payable process and accounting treatment in service industries?

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Question added by Abdul Qayyum Mohammed , Sales And Marketing Manager , Zafar Naji Al-Muthlaq Contracting Establishment
Date Posted: 2014/09/02
Ubaldraj Alphonse Paul
by Ubaldraj Alphonse Paul , SENIOR ACCOUNTANT , UNITED ARAB GROUP - KUWAIT

Accounts Payable is responsible for accurate and timely payment of all invoices for the University. This includes all payments on purchase orders, blanket purchase orders, check requests, travel advances and travel expense vouchers, petty cash, freight bills, and fellowship payments.

AJITH KRISHNA
by AJITH KRISHNA , Senior Accountant , Al Baker Group

In service industry main payment is employee salary.

Salary A/C Dr

Salary payable Cr

Then,utility payments,vendor payment

Basem Gamal
by Basem Gamal , Senior Accountant , Madi Bin Askar Al Hajri Sons Company

·        generally responsible for processing invoices and issuing payments Accounts Payable, Monitoring and Entry of credit invoices, Balance confirmation with suppliers monthly.

 

·        Prepare checks and handling suppliers inquires using aging payable payment method.

 

Deleted user
by Deleted user

je crois que la phase de paiment à ce niveau. Les entreprises cherchent à avoir des délais fournissieurs supérieurs à 2 mois et de la part de la clientél le plus proche posiible.

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