Accounts Payable Clerk Mock Interview
Master 24 Accounts Payable Clerk interview questions covering invoice processing, vendor relations, and payment accuracy.
Question 6 of 24
We use the accrual method for our invoicing. Are you familiar with this process?
How to Answer
Example Answer
Community Answers
You want to confirm you familiarity with accrual invoicing by explaining what it is and how you have used it in past jobs. Define the accrual process: "When using the accrual method of accounting the expense is reported in the accounting period in which the service occurred, not the period in which it is paid..."
More importantly, get specific when describing your job responsibilities and experiences that involve using the accrual method. This is the best way to show the interviewer that you are comfortable and confident with using this method and that you can use these skills to benefit the company if you're hired.
"When using the accrual method of accounting the expense is reported in the accounting period in which the service occurred, not the period in which it is paid..."
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Anonymous Answer
We book invoices for goods or services that are already received. We check proforma invoices before receiving goods or services and ensure sales prices and down payments are precise.
Cindy's Feedback
Good start. Check your answer to ensure that it is demonstrating an understanding of the accrual method. More detail is helpful!
Anonymous Answer
In my current experience, we use the accrual method, where the invoice expense is reported in the accounting period in which the service occurred.
Marcie's Feedback
Nice! It's great that you have experience with this method. The interviewer will definitely appreciate this. Can you talk more about your role when it comes to invoicing in your current company? Do you oversee this? Then consider directly telling the interviewer that you are fully capable of handling this kind of invoicing. Sell yourself!
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