Cash Application Analyst Interview Questions and Answers

BRS is Bank Reconciliation Statement, Depreciation is the decrease in value of an asset over time, Cash Flow is the movement of cash in and out of a business.

• BRS is a statement that compares the bank balance in a company's records with the bank statement

• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time

• Cash Flow is the movement of cash in and out of a business, including operating, investing, and financing activities

• Examples of cash i...read more

O2C, R2R, and P2P are acronyms for different business processes: Order-to-Cash, Record-to-Report, and Procure-to-Pay.

• O2C refers to the process of receiving and fulfilling customer orders, invoicing, and receiving payment.

• R2R refers to the process of recording financial transactions, reconciling accounts, and producing financial statements.

• P2P refers to the process of purchasing goods or services, receiving and approving invoices, and making payments to vendors.

• These processes...read more

The three golden rules of cash entries are accuracy, completeness, and timeliness.

• Accuracy: Ensure that the cash entry is correct and matches the amount received.

• Completeness: Record all relevant information, such as the date, source, and purpose of the payment.

• Timeliness: Enter the cash receipt promptly to ensure that the books are up-to-date and accurate.

I use various t-codes daily for cash application tasks.

• I use t-code FBL5N to display customer line items.

• I use t-code F-28 to post incoming payments.

• I use t-code F-32 to clear open items.

• I use t-code F-03 to display and post G/L account documents.