Everybody needs cash. In the case of a business organization, the requirement is even more. A billing specialist is a professional who specializes in the handling of cash and cash-related activities such as processing payments, dealing with bills, ensuring that all the necessary paperwork is complete, etc. There is a huge demand for the profession as each and every organization needs someone to handle their cash and related documentation tasks. It is for this reason that a billing specialist enjoys a hefty salary as well as lucrative incentives. Even a small number of job openings receive a high number of job applications from the eligible candidates, which makes the competition stiff and cut-throat. In order to ensure success, it is necessary that you prepare hard by studying all the frequently asked interview questions.
21 Best Interview Questions To Study
1. Where Does The Debtors and Creditors Of The Company Appear In Financial Statements?
Billing specialist is a core commerce profile, and this question aims to test your knowledge understanding of the basic accounting procedures.
Sample Answer
Sir, debtors (accounts receivables) are the assets, and creditors (accounts payable) are the liabilities of any business organization. These accounts have a debit and credit balance respectively and are shown in the Balance sheet under the headings of Current Assets and Current Liabilities respectively.
2. What Is The Accounting Treatment Of Bad Debts?
Billing specialist is a core commerce profile, and this question aims to test your knowledge understanding of the basic accounting procedures.
Sample Answer
Sir, as per the accounting principle of prudence, a business organization has to take into consideration all the probable losses which are anticipated to occur in the future. Bad debts qualify for this category and thus, a Provision for Bad Debts is prepared, which is a charge on the income statement of the organization. These provisions are the liabilities of the company and are shown on the liability side of the balance sheet.
3. Rate Your MS-Excel Skills On A Scale Of One To Five.
Being a billing specialist, you have to deal with a lot of financial data, which needs to be entered into utility software such as MS Excel, Google spreadsheets, etc. MS Excel is the most followed and widely used software, and thus, you are expected to have expert MS-Excel skills.
Sample Answer
Sir, I have work experience of 3 years in a similar work profile wherein I have used MS-Excel extensively. Along with this, I have also undertaken a certificate course in Advanced MS-Excel for a duration of 6 months, which further honed my skills and increased my knowledge. Thus, considering both these facts, I would like to rate myself a 4.8.
4. What Is The Relevance Of Data Entry In MIS System?
Financial data plays a huge role in executing the role of a billing specialist with quality and precision. You will always be required to update the data into a master database which will be further used by the senior management for evaluation and assessment purposes. Thus, always answer this question positively.
Sample Answer
Sir, everything moves in and around data. Without accurate entry of relevant data into the MIS systems, the management would simply, not be able to take management and business decisions. There is a huge relevance attached to this task and must be done with care and accuracy.
5. What Is Your Understanding Of The Applicable Taxes?
The bills to be issued always contain the details of the related taxes which are applicable on the purchase of the goods. Thus, a billing specialist must be aware and at least have a working knowledge of the taxes which are prevailing at the time.
Sample Answer
Sir, taxes are an important ingredient of the bills. These are always mentioned there, and thus in order to apply them correctly, a billing specialist must have a good knowledge of them. Considering this need, I have undertaken a short-term 3-month course in regards to the relevant taxes.
6. What Is Your English Proficiency Level?
Reading and writing in the English language is a common requirement for the job of a billing specialist. Thus, always answer positively and convince your interviewer regarding the same.
7. Are You Result-Oriented? If Yes, Share A Practical Example.
This is a common requirement of business organizations, and they always need a person with a go-getter attitude. Thus, you must be a person who has a knack for solving issues and problems. You must enjoy working on critical tasks and have the ability to solve them appropriately.
8. Name Any Three Most Important Qualities Of A Billing Manager.
Through this question, an interviewer wants to know your level of understanding of the profession.
Sample Answer
Sure, sir, These are:
- Active listener
- Patient
- Hardworking
9. How Important Is The Practical Implementation Of Customer Ethics?
Customers are the basic reason for the existence of business organizations. Every company rates them highly and wants to expand its customer base. Thus, always answer positively and share your views on customer ethics.
10. A Billing Specialist Is A Multi-Tasking Job? Are You Up For It and What Is Your Strategy?
Being a billing specialist you have to perform a variety of duties and tasks in a single working day. These tasks must be prioritized and arranged in a suitable order on the basis of a prioritization technique. In case you haven’t developed your technique yet, kindly refer to our famous post, which will guide you through the entire process in detail.
11. How Do You Prefer To Work – In A Team Or Independently?
This is a common interview question wherein an interviewer wants to know your preferred mode of working. This is a tricky interview question as you are not safe, no matter what side you choose. In case you choose a “team setting”, you will be judged as a person who is incapable of working with minimum guidance and supervision, and on the other hand by choosing “individually”, you are simply a person who lacks the ability to maintain a good rapport with its colleagues. Hence, choose wisely and in order to prepare deeply for this interview question, please refer to our famous post, which will guide you completely.
12. Considering The Hectic Work Schedule, A Billing Specialist Has To Work Under A Lot Of Stress? Comment.
This statement is absolutely true, as being a billing specialist you will be required to perform a lot of activities and tasks in one go, which will considerably increase the stress levels and frustration. However, you ought to manage it effectively and it is a common requirement too. Hence, just answer this question in a positive and persuading manner. In case you are still confused, please refer to our targeted post, which will give you ten unique sample answers to choose from.
13. What Are Your Salary Expectations?
It is common for the interviewers to enquire about your salary expectations during the interview session itself. As an ideal response, you are expected to share a salary figure that is based on some extensive research. Sharing any random salary figure is strictly unadvised. Follow our strategic post, guiding you completely about this interview question.
14. List One Major Strength and Weakness That Pertain To You.
It is common for the interviewers to ask this question and it marks its presence in almost all the interview sessions held across the world. An interview session is almost incomplete without any strength-weakness-related interview question and considering its frequency this question must be prepared sincerely. Thus, Prepmycareer has designed two exclusive posts, which will boost your preparation level to the zenith. Access them, using Link 1 and Link 2.
15. Failure Is Tough To Handle. How Do You Manage It?
No one can always be successful in life and would have to face failure, not once, but several times. Thus, it is necessary that a candidate must have the attitude as well as the personality to absorb the effects of failure and again become set to deliver a good performance quickly. Through this question an interviewer wants to know, your own strategy and techniques to handle failure. In case you are confused refer to our exclusive post.
16. What In Your Opinion Is An Ideal Team?
Business organizations prefer to work in a team environment due to the better cost-benefit ratio and productivity of the employees. Every employee perceives his or her ideal team in a different manner due to acquired traits and different personalities. Through this question, an interviewer wants to know what in your opinion is a perfect team or what are the qualities that you would like to have in your ideal team. This is an important interview question and Prepmycareer has designed a special post for your guidance.
17. Which Is Your Favorite Animal?
This question might seem simple and easy for the fresher or underprepared candidates. But, a veteran candidate exactly knows the worth of it. In an ideal response to this interview question, you are required to choose any of your best animals and then align their qualities with the desirable corporate qualities. Further, the animal to be chosen must also be corporate-friendly. For your reference and guidance, we are pleased to present you with an exclusive post, which will guide you completely in this regard.
18. How Do You Perceive The Word “Quality” At The Workplace?
It is common for the interviewers to ask a few word-based interview questions, wherein you will be supposed to share your opinion in regards to a particular word. The word “Quality” is a vague word and is capable of several interpretations. Through this question, an interviewer wants to know your own version of the interpretation that will be used for analysis and assessment. Prepare in-depth and sincerely for this interview question, by browsing our exclusive post.
19. Why You Applied At Our Organisation?
This question aims to test your level of commitment as well as seriousness towards the business organization you sought to work with. As an ideal response to this interview question just share a few accomplishments and historical achievements of the company along with mentioning that how you at a personal level could be benefitted by joining the company. The best source to prepare for this question is the official website of the company, wherein you must note all the relevant facts and details. Prepare in-depth for this interview question by referring to our exclusive post.
20. Whan Can You Start Working With Us?
It is common for the interviewers to get a quote of your availability during the interview session itself. This question requires you to share your expected date of joining with the organiation, if selected. This question in no way guarantees your selection and must be interpreted appropriately. Further, never lose your focus after listening to this question and always give a crisp reply. Read more about the replies to be given for this interview question, by browsing our special post.
21. Do You Have Any Questions For Us?
Be it an interview session for the position of an accountant or a manager or simply a billing executive, this is the last question that is commonly asked in interview sessions. Through this question, you are required to ask a few questions from your interviewer in regards to the organization’s work culture, work timings, ethics, allowances, etc. Skipping this question can prove fatal to your chances of selection as by doing so, you will are disallowing your interviewer to properly assess your personality. Hence, always ask a few questions, based on the model questions as mentioned below:
- What are the various allowances and incentives which are offered by the company to its employees?
- Please share a list of all the paid leaves which are given by the company to its employees?
- Is it the policy of the company to train its employees? If yes, please list all the development programs initiated by the company.
The ending of an interview session matters a lot and Prepmycareer completely understands this fact. Thus, we have prepared a specialized post for you, which will guide you as to how you can close your interview session in style.
References
- https://meridian.allenpress.com/accounting-review/article-abstract/96/1/147/431288
- https://journals.sagepub.com/doi/abs/10.1177/01926365211012453
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