Vendor Coordinator Interview Questions and Answers

Basic checks for an invoice include verifying accuracy, ensuring proper authorization, and confirming payment terms.

• Verify accuracy of invoice details such as amount, date, and vendor information

• Ensure proper authorization for the invoice by checking for signatures or approval from relevant parties

• Confirm payment terms such as due date, payment method, and any discounts or penalties

• Coordinate with vendors by sending reminders for pending payments and following up on payment s...read more

Credit and debit are financial terms used to describe transactions involving money.

• Credit refers to an increase in funds, while debit refers to a decrease in funds.

• Credit is often associated with borrowing money, while debit is associated with spending money.

• Credit cards allow users to make purchases on credit, while debit cards deduct funds directly from a bank account.

• The mean of credit or debit is not a relevant concept as they are two separate and distinct financial terms...read more