BASALELU PENNUGONDA

Assistant Manager - Accounts Payable

Vestro Solvents Private Limited

02.2020 - Current

Handled end-to-end accounts payable processes including invoice verification, vendor payments, ledger reconciliation, and statutory compliance.
Supervised and trained junior staff while delegating daily AP tasks to ensure smooth operations.
Ensured timely disbursement of payments via cheque, NEFT, RTGS, and online portals.
Verified GST, TDS, and payroll data while maintaining accurate financial records.
Liaised with procurement and inventory teams to streamline payment cycles and reduce discrepancies.
Supported internal and external audits with proper documentation and reporting.
ROLES AND RESPONSIBILITIES
- Processed vendor invoices and ensured timely and accurate payments to suppliers.
- Verified purchase orders, receipts, and invoices for accuracy and compliance with company policies.
- Maintained and reconciled accounts payable ledger to ensure proper financial reporting.
- Managed payments through cheque, NEFT, RTGS, and online banking portals.
- Monitored aging reports and resolved outstanding payment issues with vendors.
- Prepared and reviewed monthly accounts payable reports and vendor reconciliation statements.
- Coordinated with internal departments to resolve discrepancies in invoices or payment terms.
- Assisted in month-end closing and supported external and internal audits with documentation.
- Ensured compliance with GST, TDS, and other applicable statutory requirements.
- Maintained updated records of bills, payments, vendor master data, and communication logs.
- Supervised and mentored junior AP staff and delegated daily invoice processing tasks.
- Improved vendor management systems and reduced invoice discrepancies by 100%.
- Worked closely with procurement and inventory teams to streamline payment cycles.