Frequently Asked Questions for Accounts Receivable
An accounts receivable (AR) assessment is a process that involves evaluating an organization’s accounts receivable processes and systems and identifying areas for improvement. An AR assessment aims to ensure that the organization’s accounts receivable processes are effective, efficient, and aligned with the organization’s business goals and objectives.
This test assesses an individual’s ability to analyze, compute, communicate, solve problems and maintain relations. This test helps identify individuals who can maintain records, process invoices, perform reconciliations, and conduct follow-ups.
- Accounts Receivable Clerks
- Accounts Receivable Managers
- Accounts Receivable Processors
- Accounts Receivable Supervisor
- Finding missing information
- Basic Accounting principles
- Reconciling accounts Receivable
- Computation of ratios
- Recording transactions
Accounts receivable responsibilities include processing and monitoring incoming payments, maintaining the accuracy and efficiency of operations, and securing revenue by confirming and recording receipts.