Travel Food Services Ltd Accounts Receivable Executive Interview Questions and Answers

Preparing invoices involves compiling and documenting all relevant information for billing customers.

• Gather all necessary information such as products/services provided, quantities, prices, and customer details

• Input the information into the billing system or software

• Double-check for accuracy and completeness before sending the invoice to the customer

• Include any applicable taxes, discounts, or special terms on the invoi...read more

There are two main types of invoice processing: manual and automated.

• Manual invoice processing involves physical handling of invoices, data entry, and verification by employees.

• Automated invoice processing uses software to scan, extract data, and process invoices without human intervention.

• Examples of automated invoice processing software include SAP Ariba, Coupa, and Concur.

B2B invoices are prepared by gathering all necessary information, verifying accuracy, and sending them to clients.

• Gather all relevant information such as client details, invoice number, date, amount, and terms

• Verify accuracy of the information to avoid errors or discrepancies

• Send the prepared invoices to clients through email or mail for prompt payment

• Follow up on overdue invoices to ensure timely payment