As an Accounts Payable Manager, you would be taking on the role of a supervisor. You would make sure that your team quickly and adequately performs their duties, which will involve paying bills for the company as well as receiving and processing payments from clients. In addition, you will maintain the system that pays the company's employees. It's a very engaging job that requires you to have a good knowledge of accounting and tax regulations. Whether you're at a large or small company, managing the accounts payable department makes you an essential part of the everyday operations of the business.
Accounts Payable Manager Education Requirements
Most senior accountants will have both a bachelor's and a master's of accountancy. They will also hold certifications that prove their competency in certain areas of accounting, such as business or non-profits. You will have an advantage over other applicants if you have significant work experience with accounts payable departments in other companies. Applicants will be expected to be proficient in specialist payroll and tax software.
Accounts Payable Manager Job Market
Statistics have shown that demand for accountants, auditors and accounting clerks is expected to grow by 11 percent between 2012 and 2022, which is a normal level. As businesses grow and face new financial laws, they will need a highly proficient accounting staff to handle taxes, payroll and more. Similar positions can be found in Accounts Receivable.
Accounts Payable Manger Salaries
According to one source of national statistics, the median yearly salary for bookkeeping, account and auditing clerks was $35,170 in May of 2012. Accounts Payable Managers can expect to earn slightly higher than this number, provided that they have significant experience. Further documentation from statistics-gathering sources puts the range of Accounts Payable Manager salaries between $29,000 and $130,000 per year. Individual salaries will obviously vary depending on your location and place of employment as well as any previous credentials you might hold.