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Accounts Payable Officer

What is Accounts Payable Officer?

The role of the Accounts Payable involves providing financial, administrative and clerical support to the organisation. Their role is to complete payments and control expenses by receiving payments, plus processing, verifying and reconciling invoices. A typical Accounts Payable job description also highlights the day-to-day management of all payment cycle activities in a timely and efficient manner.

Accounts Payable Officer job description

An Accounts Payable professional job description can feature: Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc. Reconciling processed work by verifying entries and comparing system reports to balances Maintaining historical records Paying employees by verifying expense reports and preparing pay checks Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit; generally responding to all vendor enquiries regarding finance Preparing analyses of accounts and producing monthly reports Continuing to improve the payment process

What skills and qualifications should an Accounts Payable have?

Whilst a degree is not mandatory f or an Accounts Payable role, an understanding of basic bookkeeping and accounting skills is required. A degree in the following subjects would be beneficial f or an Accounts Payable career: Finance or Economics Business Studies Accounting Attention to detail and data entry skills are important requirements f or an Accounts Payable job description. Employees will be interacting with employers and vendors daily, so it is imperative they are always able to interact in a professional manner.

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Salary for Accounts Payable Officer

75000 - 85000

25th percentile
75000
The candidate is new to the role or has limited experience and is building necessary skills.
50th percentile
80000
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
75th percentile
85000
The candidate has extensive experience and advanced skills for the role, and may also have specialised certifications.
Salary range based on three percentiles The starting salaries represent gross yearly salaries. They do not include bonuses, benefits or superannuation.
Projected salaries for related positions Job title 25th percentile 50th percentile 75th percentile Assistant Accountant 80000 85000 90000 Accountant 95000 110000 115000 Senior Accountant 110000 120000 135000 Group Accountant 110000 130000 145000 Accounts Officer 70000 75000 80000 Finance Officer 70000 75000 80000 Accounts Payable Supervisor 85000 100000 120000 Accounts Payable Manager 90000 110000 135000 Accounts Receivable Officer 75000 80000 85000 Accounts Receivable Supervisor 85000 100000 120000 Accounts Receivable Manager 90000 110000 135000 Bookkeeper 75000 85000 95000 Corporate Accountant 110000 130000 145000 Cost Accountant 110000 120000 135000 Financial Accountant 95000 105000 115000 Senior Financial Accountant 115000 130000 145000 Management Accountant 100000 110000 120000 Senior Management Accountant 120000 135000 145000 Project Accountant 105000 120000 135000

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Our starting salary projections come from a detailed, multistep process that ensures our numbers accurately reflect the marketplace. They’re based on real compensation data for job candidates our recruiters have matched with companies across the country. The Salary Guide from Robert Half is the original. We’ve been publishing salary forecasts since 1950, and our guide has served as a trusted source for employers, job seekers, industry associations, government and educational institutions, and national and local media.