ConvergeOne Accounts Receivable Specialist Interview Questions and Answers

Q1. What is your experience and current compensation (CTC)?
Ans. 
I have 5 years of experience in process development with a current CTC of $70,000.
• 5 years of experience in process development

• Current CTC of $70,000

• Experience in optimizing processes and improving efficiency
Answered by AI
Add your answer
Q2. What are your communication skills?
Ans. 
I have strong communication skills, both written and verbal, with the ability to effectively convey information and ideas.
• Excellent verbal communication skills demonstrated through clear and concise articulation of ideas

• Strong written communication skills shown through drafting clear and professional emails and reports

• Ability to actively listen and respond appropriately in conversations

• Experience in presenting informat...read more
Answered by AI
Add your answer

Q1. What is the accounts payable cycle?
Ans. 
The accounts payable cycle is the process of receiving, verifying, and paying invoices from vendors.
• Invoices are received from vendors for goods or services provided

• Invoices are verified for accuracy and approved for payment

• Payments are made to vendors within the agreed upon terms

• The cycle repeats for each invoice received
Answered by AI
Add your answer
Q2. Miro processing
Add your answer

Q1. What are the implications of invoice deductions related to disputes?
Ans. 
Invoice deductions related to disputes can impact cash flow, customer relationships, and operational efficiency.
• Invoice deductions can lead to delayed or reduced payments, affecting cash flow.

• Disputes can strain relationships with customers, leading to potential loss of business.

• Resolving disputes can be time-consuming and resource-intensive, impacting operational efficiency.

• Examples: Deductions for damaged goods, inco
Answered by AI
Add your answer
Q2. What is the process of evolving reconciliation?
Ans. 
The process of evolving reconciliation involves identifying discrepancies, investigating root causes, implementing corrective actions, and monitoring progress.
• Identify discrepancies in financial records or accounts

• Investigate root causes of discrepancies, such as errors in data entry or miscommunication

• Implement corrective actions to address the root causes and prevent future discrepancies

• Monitor progress regularly to ...read more
Answered by AI
Add your answer

Q1. Work experience, salary expectation
Add your answer

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
Answered by AI
Add your answer
Q2. Matching concept
Add your answer
Q3. P to P cycle
Add your answer

Q1. Basic accounting related questions , journal entry .
Add your answer

Normal aptitude test

Q1. About experience
Add your answer
Q2. GDS knowledge
Add your answer

Q1. What knowledge do you have about Amadeus?
Ans. 
Amadeus is a global distribution system (GDS) used by travel agencies and airlines for booking flights, hotels, car rentals, and other travel services.
• Amadeus provides access to a vast database of travel-related information, allowing users to search, book, and manage travel reservations.

• It is commonly used by travel agents to check flight availability, compare prices, and make bookings for customers.

• Amadeus also offers...read more
Answered by AI
Add your answer
Q2. Amadeus command
Add your answer

4 rounds of interview. Clearly asked for expectations and reality.

Q1. Why should we consider hiring you?
Add your answer

Q1. Normal question personal information
Add your answer

Q1. Focus on capital markets basic financial concept
Add your answer
Q2. Primary secondary market
Add your answer
Q3. Derivatives bond equity
Add your answer
Q4. NSE BSE SEBI custodian
Add your answer

Logical reasoning blood relationship mathematics distance

Q1. What is withdrawal
Ans. 
Withdrawal is the act of taking money out of an account or the symptoms experienced when stopping the use of a substance.
• Withdrawal in banking refers to taking money out of an account, either through an ATM, bank teller, or other means

• Withdrawal in substance abuse refers to the physical and mental symptoms experienced when a person stops using a drug or alcohol

• Examples of withdrawal symptoms include nausea, sweating, a
Answered by AI
Add your answer
Q2. What i you think about 401k
Add your answer

Q1. They have asked me about the excel formulas and some questions were tere like what is OTC what are there golden rules when it comes to collections and strategies followed.
Add your answer

Q1. In HR round I was made aware of the company policies as well as the compensation plan and other general stuffs like holiday calender hierarchy and stuffs like this
Add your answer