Assistant Accounts Receivable Manager Interview Questions and Answers

Yes, I am experienced in preparing customer aging reports, handling debit notes, and managing goods returns.

• I have experience in generating customer aging reports to track outstanding payments from customers.

• I am familiar with processing debit notes to adjust customer accounts for discrepancies or errors.

• I accept goods returns in cases of damaged or defective products, incorrect shipments, or customer dissatisfaction.

• I follow company policies and procedures for accepting good...read more

Credit management involves assessing creditworthiness, setting credit limits, monitoring payments, and minimizing credit risk.

• Assessing creditworthiness of customers before extending credit

• Setting appropriate credit limits based on customer's financial stability

• Monitoring customer payments to ensure timely collection

• Minimizing credit risk by implementing credit policies and procedures

• Negotiating payment terms with customers to optimize cash flow

• Utilizing credit reports and fi...read more

DSO stands for Days Sales Outstanding, a measure of how long it takes for a company to collect payment from its customers.

• DSO is calculated by dividing accounts receivable by total credit sales and multiplying by the number of days in the period.

• It is used to assess the efficiency of a company's accounts receivable management.

• Lower DSO indicates faster collection of payments, while higher DSO indicates slower collection.

• For example, if a company has $100,000 in accounts recei...read more