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Accounts receivable specialist Interview Questions
Working in accounts receivable involves bookkeeping and accounting duties, such as making deposits, reconciling accounts, and invoicing. When interviewing for a position as an accounts receivable specialist, you'll likely need to answer questions about your bookkeeping skills and experience.
1,500 Accounts Receivable Specialist interview questions shared by candidates
Top Accounts Receivable Specialist Interview Questions & How To Answer
Here are three top accounts receivable specialist interview questions and how to answer them.
Question #1: What accounting or bookkeeping software do you have experience with, and what is your experience level?
How to answer: An interviewer wants to know whether you can use the software the organization uses to manage its financials and accounting data. Some of the most common accounting software programs include QuickBooks, Sage, and Xero, although enterprises might use other systems, such as NetSuite or SAP. Be honest about the software you have experience in and how you have used it in the past.
Question #2: What is your approach to collecting past-due accounts receivable?
How to answer: An accounts receivable specialist might have to handle collections. In your answer, talk about your process for collecting accounts that are past due, as well as any processes you have in place that can prevent accounts from becoming past due. Examples of processes include improved communications, staying vigilant on aging accounts, and being aware of previous payment habits and patterns for repeat clients.
Question #3: Describe your organizational skills and how you manage multiple tasks.
How to answer: As an accounts receivable specialist, an individual often has to juggle various tasks while remaining organized. When you answer this question, you can describe your organizational processes and how you manage competing priorities.
Top Interview Questions
How would you determine credit worthiness of a company?
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Pull a D&B and then find out the company’s current asset and liability position , amount of COH / liquidity of all assets, set up an informal interview with the CFO or controller if possible, time in business, any legal issues to note, then pull all that information together to determine credit worthiness. There is not set formula but when you underwrite loans or even do collections for a living you get a sense of the whole picture when u pull all pieces together and got from there. Never disregard you guy . What is your impression? The more info the better of you are and the better paper you’ll write for your bosses Less
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Sorry for the spelling horror show above. My glasses are not on my face where they belong Less
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Research the five "5 'C's" of credit.
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What is the extent of your experience/knowledge of excel...crystal reports...quickbooks?
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I'm very comfortable working with all of the mentioned software and have done so for years. Less
What would make me the best person for the job?
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My attention to detail, degree of professionalism and my loyalty to my company,
How many years have I done accounts receivable? How would I collect from accounts that were outstanding? Can I get along in an office with all females?
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I have at least 10 years experience with a/r at the time of interview. I would contact by phone and email, then letter, then legal fliling notices. Yes I can get along with anyone when needed to keep my employment. Less
Are you familiar with Oracle EBS?
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I had used EBS extensively in the past and this played a big role in attaining the position. The company is now moving towards using IFS. Less
What are my career aspirations and how can they help me grow?
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I said I was interested in more training and advanced excel. They said that they were all in Various trainings and would be happy to help place me in the right track. Less
Tell me about a time when you were trying to collect from a difficult customer and what did you do?
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Hopefully there are strong policies and processes to fall back on. When I worked property management I often had to try and collect rent from non-payers. I issued verbal and written reminders and warnings per policy and when they still did not pay they were evicted. This seems harsh but they knew the agreement up front and we did not stray from it. We offered opportunities to come in and talk about the situation and to find a feasible solution. Some people took advantage of the opportunity and we worked payment plans with them. Others were simply evicted. If you hold firm to the policies and processes customers will know you are serious and fair. Less
What are the most important goals of AR?
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The important goal of accounts receivables is to minimize bad debts and to have a track of business debtors. Less
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The main objective in Accounts Receivable management is to minimise the Days Sales Outstanding DSO and processing costs whilst maintaining good customer relations. Accounts receivable is often the biggest current asset on the balance sheet. Less
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The main objective in Accounts Receivable management is to minimise the Days Sales Outstanding (DSO) and processing costs whilst maintaining good customer relations. Accounts receivable is often the biggest current asset on the balance sheet. Less
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Why did you leave your previous employer ?
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Looking for a opportunity for growth
Job knowledge related questions.
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I worked in an hotel in Nigeria as a waitress so I know much about waitresses, and I also have idea in front desk too Less