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Accounts Payable Interview Questions and Answers for Experienced

It goes without saying that interviews are stressful, even for the most experienced professional. That’s why, we’ve collected a handful of questions likely to be asked on an interview for an accounts payable position and crafted answers. These are related to the accounting/basic process part of the interview. If you have answers to likely questions planned ahead of time, some of the anxiety associated with these encounters can be eliminated. This ultimate guide to accounts payable interview questions and answers will help prepare you to nail that interview for your dream job. #accountspayable #Accountspayableinterviewquestions #accountspayablejobinterview

 

Whether you are looking for the most common accounting interview questions or the most common accounts payable interview questions, you want to get a Yes when you ask Hire Me? So be prepared to answer these entry level accounting interview questions. You might also be asked supervisor interview questions so be prepared with answers. Likewise, you might be asked entry-level accounting interview questions

 

This is part of a series of broadcasts on answering interview questions. BTW, for each we’ve got additional short videos for you to listen to, if you want to be thoroughly prepared on topics you may not be that comfortable with. We’ll put them in a playlist called Preparing for Your AP Job Interview, in case you want to watch them all. Make sure you stick around until the end when we address the one question, that seems to throw many – even though it really shouldn’t.

 

 

Preparing for Your AP Job Interview Playlist
Link: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcTqTnJnnUXwLCqs8XNIO6f

 

What is Accounts Payable?
Link: https://www.youtube.com/shorts/6LOlWllAMG4

 

What is the difference between AP and AR
Link: https://youtu.be/6bZQTjtAerg

 

Chart of Account Best Practices
Link: https://youtu.be/iVQxpHceFIc

 

How AP Works: Invoice Processing
https://youtu.be/a95u7vgANbg

 

Master Vendor File: Why It Matters
https://youtu.be/hdhLDLvGn9Y

 

Responding to What Is Your Greatest Weakness Interview Question
https://youtu.be/VJuzFUE3bzk

B2B Payment Options: Pros and Cons

Every organization has a handful of tools it can use to make payments. We’ll take a look at four of the more popular options, explaining the advantages and disadvantages associated with it. Most importantly, we’ll suggest alternatives that might be more efficient or more cost effective. Make sure to stick around until the end when we share ways to use the payment alternative that is not only growing in popularity, is most commonly used in other parts of the world. It’s something every payment professional needs to get comfortable with fast. #accountspayable #accountspayableprocess #payments

Link P-cards: A Guide to the Many Different Types https://youtu.be/U0w6h5eu_o8

Link to ACH Payments Explained
https://youtu.be/E_mX5GaOR2o

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at:
https://www.youtube.com/@APNow/videos

See all short tips at:
https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices;
Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Other

++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now:
https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable

Facebook: https://www.facebook.com/AccPayNow

 

The Dos and Don’ts of P-card Rebates

I am a big fan of having no cash in the expense world, in fact, it’s part of the reason why you should buy everything with credit cards. Not, of course, stuff that should be invoiced, but stuff you might be tempted to pay cash for. Now, I know a lot of folks agree with me on this, but sometimes for a different reason, they are hoping to build the rebate. Recharged Education’s Lynn Larson, who is joining me today, is probably cringing as I am talking about building P-card rebates. Given the controversy around rebates, I thought we might hear from someone who knows a lot about cards. So, I’m going to throw out some statements about them and Lynn has agreed to tell us if they are true or false and why. Make sure you stick around until the end when Lynn enlightens us on one pcard practice you might not have considered. #pcard #corporatecard #pcardrebates

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Surcharges on Credit Cards 2023 https://youtu.be/yU8VFZyi338

Link to AP Now’s Invoice Series https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com)

Guest: Lynn Larson (recharged-education.com)

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Other

++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/ Linkedin

AP Now: https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable

Facebook: https://www.facebook.com/AccPayNow

ACH Explained: The Four Types of ACH Payments

What’s an ACH? We’ll delve into the world of ACH, providing an explanation of the four different types of ACH transactions. We’ll include many real-life examples so you can not only understand how ACH works but also see how you can use ACH in your own business operations as well as your personal life. IAre you tired of tedious manual processes and endless paperwork associated with paying with paper checks? Then this is the session for you. Make sure you stick around until the end when we share some surprising ways you can using ACH to make your life (both personal and professional) simpler, while spending less time paying bills. #accountspayable #payments #ACH

Link to How to Minimize Rush Payments
https://youtu.be/DI-fGZ6vFno

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Other

++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/ Linkedin AP Now: https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow

How to Calculate Early Payment Discounts

Early payment discounts are the holy grail of the finance, accounting and accounts payable world. In this episode we’ll explain exactly how to calculate them. They are so important that one accounts payable manager explained that “the only mortal sin in her boss’s eyes is missing an early payment discount. Stick around until the end when we explain why. #accountspayable #payments #invoices #discounts

Link to 5 Ways to Earn More Early Payment Discounts https://youtu.be/8dxvSdlOZ6g

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement +And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

Other

++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow

 

Three Way Match Documents Reviewed [Mistakes to Avoid]

As a savvy accounting and finance professional, you know that the "three-way match" is the Holy Grail of accuracy when it comes to processing invoices for payment. But there are so many little places that errors can slip in – errors that lead to an organization paying more than it should or even worse, paying for something it shouldn’t. These extra or erroneous payments come right off the bottom line, making your organization less profitable, and hence less competitive than it should be. Make sure you stick around until the end when we discuss the common error that many overlook. #accountspayable #accounting #threewaymatch

Discover the key to achieving utmost precision in invoice payment processing— and more importantly, the "three-way match." As you're well aware, meticulousness is paramount in this realm. Even the tiniest slip-ups can result in excessive payments or, worse yet, funding unwarranted expenses. Such blunders directly impact your organization's bottom line, hampering profitability and undermining its competitive edge. Stay tuned until the end, as we unveil a commonly overlooked error that deserves your attention.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to Stop Duplicate Pays w/o Spending a Red Cent https://youtu.be/dqN1P84faE4

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function + Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby Other ++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

LinkedIn AP Now: https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable

Facebook: https://www.facebook.com/AccPayNow

 

Surcharges on Credit Cards 2023

In a small but growing number, to the horror of many card advocates, some suppliers are charging a surcharge if their customers want to use a card to pay. This is sometimes referred to as Merchant Surcharge fee or checkout fee. This is happening both in the consumer space and in the B2B world as well. Industry expert Lynn Larson is here today to help sort out fact from fiction in the surcharge space, as well as what you can do and CANNOT do in this regard. Make sure you stick around until the end when Lynn addresses what to do if you think a supplier is charging a surcharge and they shouldn’t be. #surcharges #creditcardsurcharges #pcardsurcharges

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to P-cards: An Accountants Guide to The Many Different Types

Link to AP Now’s Invoice Series
https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1

Learn more about AP Now at www.ap-now.com

Host: Mary Schaeffer (www.ap-now.com)
Guest: Lynn Larson (recharged-education.com)

Electronic Invoice Definition [Expert Insights]

Think you know what an e-invoice is? You may be surprised. What is an electronic invoice or what is an e-invoice is a hotly debated topic. Even the experts sometimes disagree on the simple issue of what is an e-invoice. This issue is a serious one for global organizations and anyone impacted by ViDA proposals. This is an issue every finance and accounting (especially AP and AR) must be up to date on. This short excerpt comes from a longer discussion between AP Association’s Jamie Radford, Pagero’s Matt Hammond and AP Now’s Mary Schaeffer. #invoice #electronicinvoice #accountspayable

Link to the entire discussion on E-invoice and the new government legislations surrounding the issue https://www.youtube.com/watch?v=eThPJCFjw4g&t=1070s

Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement +And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby Other ++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/

Twitter: https://twitter.com/Accountspayable

More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow

Navigating Success: Insider Conversations [Accounting Accounts Payable]

Wonder what career steps led two successful career executives to start and association and a content creation and education business focused on issues related to accounts payable? Do you think their experiences were very different than your own? Do you think that they never did anything stupid or made mistakes? Think again. As part of AP Appreciation Week, Jamie and Mary sat down for an interview with Stewart Giffith where they shared the lessons they’ve learned on their career journey. You may be surprised to find out that it’s not very different than your own. Make sure you stick around until the end when they share what they would tell their younger selves, if they had the chance. I’m guessing it’s not what you’d expect. #accountspayable #career #accounting

Link to: US UK S-Ox [Tips on Starting a New Project] https://youtu.be/2ROdsnxFcDY

Link to Payment Discussion Highlights: Common Myths Eviscerated https://youtu.be/iq5FrFnK9RU

Looking for more of the most current business intelligence about + Best practices around your payment and accounts payable function + Current and new fraud protection protocols + The newest technology impacting your accounting, accounts payable, and payment functions + Career advancement +And much more!!

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1 +++++++++++++++++++++++

See most recent videos at:
https://www.youtube.com/@APNow/videos

See all short tips at:
https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Host Mary Schaeffer (www.ap-now.com)
Guest Jamie Radford (https://www.linkedin.com/in/jamieradford/) Guest Stewart Griffiths (https://www.linkedin.com/in/stewartgriffiths1/)

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby Other ++++++++++++++++++++++++++++++++++

Website: https://www.ap-now.com/

Linkedin AP Now: https://www.linkedin.com/company/ap-now/
Twitter: https://twitter.com/Accountspayable
More about Mary Schaeffer: https://www.linkedin.com/in/accountspayable Facebook: https://www.facebook.com/AccPayNow

What Is Your Greatest Weakness Interview Question: Examples [accounts payable interview questions + answers part 1]

This session focuses on the what is your greatest weakness interview question. It is one of the most frequently asked accounting interview questions. This is part of a sporadic series on interview questions and responses for those who work in, manage or have responsibility for an accounts payable, accounting, finance, payment or treasury function.

Link to Advance Your Career in Accounting and Accounts Payable with These Essential Skills
https://youtu.be/AI5T4GXcPh0

The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.