Name for me the most important functions of an A/R department.

The Accounts Receivable Departments main responsibilities are:
1. Ensuring the credit worthiness of a company to pay its debt and establishing payment terms.
2. Creating invoices
3. Follow up with customers for payment.
4. Receiving the cash and reconciling the AR and cash account.

The accounts receivable department is critical, for any company. The responsibilities of the department may include:

- Customer credit limit applications/approvals
- Establishing payment terms with new customers
- Overviews of customer credit history
- Sending customer invoices and follow up on them
- Updating customer data in master files
- Follow up on late payments
- Communicating payment issues and flagging unstable accounts
- Creating invoices
- Receiving payments and applying them to the correct accounts

Show the interviewer that you take pride in your job, as an A/R Specialist. Discuss why you believe your role.

"A/R performance has a significant effect on a company's cash flow, so it's crucial that business employes talented A/R people who are organized, detailed, and unafraid to pick up the phone and collect payment. An excellent accounts receivable department will track customer payments, send invoices promptly, keep updated master records, follow up on overdue accounts, and take action when customers are non-responsive."