Finance and Accounts Supervisor Interview Questions and Answers

The time required to recover the credit depends on various factors such as the amount of credit, the debtor's financial situation, and the collection strategy.

• The recovery time can range from a few weeks to several months or even years.

• The credit recovery process involves various steps such as sending reminders, making phone calls, and sending legal notices.

• The debtor's financial situation plays a crucial role in determining the recovery time. If the debtor is facing financia...read more

AR process refers to the process of managing accounts receivable, including invoicing, payment collection, and reconciliation.

• AR process involves creating and sending invoices to customers

• It also involves tracking payments and following up on overdue payments

• AR process includes reconciling customer accounts and resolving any discrepancies

• Effective AR process helps improve cash flow and reduce bad debt

• Examples of AR software include QuickBooks, Xero, and FreshBooks