Professional Documents
Culture Documents
Finance Learning Report
Finance Learning Report
WEEK 1:
Introduction of Basic Finance Functions
Vendor Reconciliation
Vendor reconciliation is a process that will involve identifying all the discrepancies between vendor
invoices and your actual payments. It is a matching activity in which we compare vendor documents
from different stages for example:
Big Customers
Suppliers by category
Packaging
CBM, Synergy
Labels
WEEK 2:
Local Purchase process
Before issuing purchase order against supplier quotation we require at least 3 different suppliers
After vendor selection we raised PO
We receive delivery challan with product from supplier
On the basis of PO and delivery challan of supplier we record GRN(goods receiving note)
After raising of GRN purchase have been booked in our books
1. Date
2. Bill No
3. Reference docs such as Energia PO
4. Rate
5. Quantity
6. Taxes
7. Total amount of bill
We enter bill into ERP after complete verification and match with ERP Ledger and ERP reports.