50 Accounts Receivable Interview Questions 2020 | Latest Update
Accounts Receivable Interview Questions: Accounts receivable, often abbreviated as “A/R,” or referred to as “trade receivable” or simply, “receivables,” is therefore considered a short-term asset on businesses’ balance sheets.
The key role of an employee who works as an Accounts Receivable is to ensure their company receives payments for goods and services and records these transactions accordingly. Secure an A/R job by preparing with the interview questions provided below.
Accounts Receivable Professionals generate revenue for establishments by ensuring that clients are properly billed for goods and services and working with other departments to ensure that the correct amounts are collected in a timely manner.
They verify and record transactions, resolve account discrepancies, and perform other tasks to secure payments from clients.
To succeed as an Accounts Receivable Professional, you should be a skilled and thorough researcher with excellent communication and record keeping skills. You should be detail-oriented, organized, and self-motivated with strong math and computer skills. Below is a list of accounts receivable interview questions.
50 Accounts Receivable Interview Questions
Tell me about yourself?
Explain, what is factoring?
What Is Accounts Receivables?
Explain What Are The Issues Related With Accounts Receivable?
Explain What Is Customer Master Record?
Explain What Is The Difference Between Debenture Holders And Creditors?
Where do you see yourself in five years’ time?
What are the goals of Accounts receivable?
What is your greatest weakness?
Explain, what are the issues related to Accounts receivable?
After Receiving Payment from Customer, What is the next step till finalization?
Why did you leave your last job?
Why should we hire you?
What are examples of deferred revenue expenditure?
What is your greatest accomplishment?
When have you had to be extra thorough in completing tasks?
Have you ever had to prepare a bill or invoice for services rendered? If so what should be included?
Walk me through your accounts receivable experience?
Do you have any plans for continued education?
In your opinion, what makes you a great problem solver?
What can we expect from you in your first 90 days?
Explain what are derivatives?
What are your salary expectations?
What are the components or materials used by Accounts receivable departments?
Explain why is Capital amount put in Liabilities and not in Assets?
Are you a team player?
Define Inter-company Transaction in Account Receivable?
What challenges are you looking for in this position?
How debtors play its role in Accounts receivable?
What experience do you have in this field?
What are the duties of this post?
Why do you want to work with us?
What is reconciliation statement and investment banking?
Tell me a suggestion you have made that was implemented in this field?
Explain what is factoring?
Have you ever had a conflict with a boss or professor?
Tell me what you know about this company?
To what extent were you involved in collections?
What is the Auto Invoice?
If your previous co-workers were here, what would they say about you?
Tell me about any issues you’ve had with a previous boss?
What has been your biggest professional disappointment?
How would you know you were successful on this job?
What Are The Components Or Materials Used By Accounts Receivable Departments?
Explain How Is A Journal Entry Recorded?
What Is The Difference Between Finance And Accounts? Most of the Companies Having a Different Section like Finance And Accounts. Why They Are Not Had Only Single Section Neither Finance Nor Accounts?
Which Type Of Assets Should Be Capitalized And When Expense Out? Which Type Of Assets Expense Out Or When?
What Is The Auto Invoice? What Are The Setup Steps For Auto Invoice?
What Is The Table That Is Used For Aging Bucket Report, What Is The Main Purpose Of This Report?
Do you have any question to ask?
Accounts Receivable Job Responsibilities/Requirements
Below are the duties and requirements expected for this position.
- Maintaining the billing system.
- Generating invoices and account statements.
- Performing account reconciliations.
- Maintaining accounts receivable files and records.
- Producing monthly financial and management reports.
- Investigating and resolving any irregularities or inquiries.
- Assisting in general financial management and analysis.
- Review AR aging to ensure compliance.
- Maintain accounts receivable customer files and records.
- Follow established procedures for processing receipts, cash, etc.
- Process credit card payments.
- Prepare bank deposits.
- Investigate and resolve customer queries.
- Process adjustments.
- Develop a recovery system and initiate collection efforts.
- Communicate with customers via phone, email, mail or personally.
- Assist with month-end closing.
- Collect data and prepare monthly metrics.
- Bachelor’s degree in Accounting, Finance, or related field.
- Combination of education and experience may be accepted.
- Strong math, typing, and computer skill, especially with bookkeeping software.
- Excellent communication, research, problem-solving, and time management skills.
- High level of accuracy, efficiency, and accountability.
- Attention to detail.
- An ability to prioritize and manage expectations
- A keen eye for detail
- An ability to work independently
- The ability to communicate articulately and efficiently with other people within the company
- A mathematical background.
In every account receivable interview, these are the question that every candidate should expect, so be prepared.
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