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
63500 - 82000
25th Percentile
63500
The applicant has limited or no experience in the position and is still developing their skills. Demand: Low
50th Percentile
72000
The applicant has an average level of experience and has most of the necessary skills. Demand: Moderate
75th Percentile
82000
The applicant has above-average experience, has (nearly) all necessary skills, and may also have specialised qualifications. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Assistant Accountant 70500 78500 86500 Accountant 95500 108000 114500 Senior Accountant 107500 119000 132500 Group Accountant 112000 127500 145000 Accounts / Finance Officer 65500 72000 82000 Accounts Payable Manager 88000 100500 116500 Accounts Receivable Officer 69500 76000 87500 Accounts Receivable Manager 88500 100500 114000 Bookkeeper 73500 83500 93500 Corporate Accountant 112000 127500 145000 Cost Accountant 110000 118000 135000 Financial Accountant 93500 103000 112500 Senior Financial Accountant 116500 130000 145500 Management Accountant 100000 111000 120000 Senior Management Accountant 120000 135000 145000 Project Accountant 102500 118000 137000

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