Accounts Receivable Clerk Question:
Download Questions PDF

Explain what Is Evaluated Receipt Settlement?

Answer:

ERS is a business process between trading partners that conduct commerce without invoices. In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN) and the purchaser upon receipt confirms the existence of a corresponding purchase order or contract verifies the identity and quantity of the goods and then pays the supplier.

Download Accounts Receivable Clerk Interview Questions And Answers PDF

Previous QuestionNext Question
Tell us how would you handle a customer that is 14 days past due?Tell me what Are Derivatives?