Johnson Controls Assistant Manager Interview Questions, Process, and Tips

Cash application is the process of recording and applying payments received from customers to their outstanding invoices.

• It involves matching payments received to the correct customer account and invoice.

• It ensures accurate and timely recording of customer payments.

• It helps in maintaining up-to-date accounts receivable records.

• Examples include using accounting software to record payments and reconcile bank statements.

• I...read more

Letters for collection and legal actions taken as Assistant Manager

• Letters sent for collection include demand letters, reminder letters, and final notice letters

• Legal actions taken may include filing a lawsuit, obtaining a judgment, and garnishing wages or bank accounts

• The specific actions taken depend on the amount owed, the debtor's response, and the company's policies and procedures

• Communication with debtors should ...read more

The collection cycle refers to the process of collecting outstanding debts from customers.

• The cycle begins with sending invoices to customers for payment.

• If payment is not received by the due date, a reminder is sent to the customer.

• If payment is still not received, a collection call is made to the customer.

• If the debt remains unpaid, the account may be sent to a collection agency.

• The cycle ends when the debt is paid i