What:
Accounts receivable is the accounting term used to refer to the money that the business should receive from its customers for the goods or services it provided. It is the lifeblood of a business’s cash flow.
If you do not keep record of accounts receivable, you may forget to bill certain customers or will not know if you’ve been paid and this affects profits.
The responsibilities of accounts receivable are:
> Credit to Customer
> Invoice/Billing Concepts
> Journal Entries
> Cash Flow
> Applying Payments
> Collections
As a recruiter or an employer, it is important for you to find out an able accounts receivable professional through accounting test online. An assessment used to measure a candidate’s proficiency of processing receivables and invoices is important and it can be easily done with our online assessment test.
Why:
An accounts receivable professional is vital for a company’s growth as he or she will determine the process for performing accounts receivable, and stick to it.
In a 2013 Transworld Business article, Jason Stine, business development manager for collection services company CRF Solutions, advised regular and prompt communication with clients in order to have a smooth accounts receivable process. For this, you need to hire an able person to do the job and our online accounting test will come handy for this.
The online examination system will demonstrate proficiency and excellence needed for accounts receivable. Good accounting requires that an estimate be made for the amount that is unlikely to be collected and for doing so, a company needs reliable accounts receivable fundamentals in place.
How:
The online accounts test by Assesshub evaluates a candidate on various parameters required to make an excellent accounts receivable professional. The assessment allows you to evaluate the candidates on the identified knowledge and estimate their suitability as well as effectiveness for being hired. Studies show that exam questions are a great way to learn and retain important information and that is why Assesshub crafts updated accounts receivable test for you to employ the correct candidate.
Main Advantage:
Accounts receivable test assesses a candidate’s knowledge of processing receivables and invoices through this online examination system. It is made for candidates working extensively in accounting profiles or those who handle the processing of accounts receivables. Right from cash to bad debt/collections, cash flow to credit, general ledger to invoicing and more, the test will evaluate a candidate on all requisites needed.
Assesshub’s online test helps your organization know how well the candidate recognizes the best practices associated with accounts receivables. Companies need to be cautious when granting credit and establishing an account receivable. It is also important for a company to monitor its accounts receivable and to follow up with customers and this is what makes accounts receivable professionals imperative for a company’s growth.
