How to Answer: How much time needs to pass for an A/R account to be considered delinquent?
Advice and answer examples written specifically for an Accounts Receivable Specialist job interview.
9. How much time needs to pass for an A/R account to be considered delinquent?
How to Answer
This question is a very straightforward one, as the industry standard is usually 90 days. This question is testing your very basic A/R knowledge. Feel free to expand on your response, showing that you are aware of different credit terms for various clients.
Written by Bobbi Witt on January 7th, 2019
Entry Level
"The industry standard for an account to be considered delinquent is 90 days past from the due date. This timeline is the norm; however, not always. Some organizations may have tighter credit terms."
Written by Bobbi Witt on January 7th, 2019
Answer Example
"From my experience, a delinquent account is 90 days; however, I have some clients with shorter credit terms who pay their invoices every 30 days, and some every 180 days. Is 90 days the average for our accounts here at Company ABC?"
Written by Bobbi Witt on January 7th, 2019
Experience
"Always a good question, and one I have been asked quite often in interviews throughout my career. A delinquent account is 90 days of the due date."
Written by Bobbi Witt