fP Technologies Interview Questions and Answers

O2C cycle refers to the process of receiving and recording customer orders, fulfilling them, and receiving payment.

• The cycle starts with receiving customer orders and creating sales orders.

• The sales order is then processed and the goods or services are delivered to the customer.

• The invoice is generated and sent to the customer for payment.

• Payment is received and recorded in the accounts receivable ledger.

• The cycle ends...read more

Unidentified transaction refers to a payment received without any information about the payer or the purpose of payment.

• It is a payment received without any accompanying information.

• It is difficult to allocate unidentified transactions to the correct customer account.

• Unidentified transactions can cause discrepancies in the accounts receivable balance.

• Examples include payments received without an invoice number or custo