How to Become an Accounts Payable Manager
Step 1: Understand the job description and responsibilities of an Accounts Payable Manager
What does an Accounts Payable Manager do?
AN Accounts Payable Manager manages accounts payable functions to ensure compliance with internal controls and accounting policies. Ensures timely payments of vendor invoices and expense vouchers and maintains accurate financial records and control reports. Being an Accounts Payable Manager routinely reviews applicable accounting reports to identify trends, inefficiencies, and opportunities for improvements or cost-savings. Reviews and evaluates the accounts payable register to ensure accuracy. Additionally, Accounts Payable Manager designs and implements standard policies and procedures to ensure accurate and compliant accounts payable records. Requires a bachelor's degree. Typically reports to a director. The Accounts Payable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Payable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
An accounts payable manager oversees a team of accounts payable clerks and/or bookkeepers.
These managers work in a wide range of industries in both the public and private sectors.
In almost all cases, the job description of an accounts payable manager includes oversight of payroll processes and vendor payments.
A large part of this manager’s duties is to step in to resolve issues, for example, in the case of a missing payroll check or a delayed vendor payment.
Requirements for working as an accounts payable manager usually involve a combination of educational accomplishments, accounting skills, and work experience.
Step 2: Learn best tips to become an Accounts Payable Manager
Best tips for those who want to become an Accounts Payable Manager
Here are some tips to become an Accounts Payable Manager.
Simplify Your Accounts Payable Process.
Reduce CFO Impact to Verification & Signature.
Evaluate paperless options – Paper has intrinsic problems, because paper invoices can get lost and can have incomplete information.
Let them know you are watching – If you are automated, then don’t make it a mystery that the system tracks everything about the process.
Define “approval” – The people who typically feel burdened by having to approve are usually the people that don’t feel as though they need to be involved in the approval process.
Step 3: View best colleges and universities for Accounts Payable Manager
Best colleges and universities for Accounts Payable Manager
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be an Accounts Payable Manager
Is being an Accounts Payable Manager Worth it?
You can also improve your chances of getting a job in the profile with the help of a professional training course.Why are candidates going for an accounts payable manager profile? Many professionals look for opportunities as an accounts payable manager as it offers good career growth.
These professionals can go for a certification course and work as accounts payable manager.
The average salary of accounts payable manager is higher than that of finance executives.• Accountants/Accounting Officer – The job of an accountant or accounting officer often gets monotonous and has a defined career path, with a lot of competition.
This is why candidates who want to have a challenging career and have the hunger to grow, can acquire skills and become an accounts payable manager.
Calculate, prepare and review the weekly payroll needs of the Phoenix and Mesa sites to ensure their accuracy and delivery to Payroll and/or Accounts Payable.
Step 5: Prepare relevant skills for being an Accounts Payable Manager
What skills do you need to be an Accounts Payable Manager?
This role is not a beginner's role, as such, there are many skills required. It is vital to the role to command: Accounts Payable, Data Entry-Keyboarding, Invoice Management, Invoice Verification, Payment Posting, Payment Processing, GAAP Standards. For this position, you need to be experienced with: AP Automation Software. Management isn't easy, if it were, everyone would have the competenticies to execute the role with success.
Accounts payable manager skills list For some jobs, experience is the first requirement of qualifications.
We are searching for an organized, motivated Accounts Payable Manager to increase department accuracy and efficiency and provide strong leadership to our Accounts Payable department.
Extensive knowledge about accounting and management principles and Accounts Payable procedures.
Accounts Payable Managers must have the knowledge to competently, accurately and patiently examine financial records, processes and other related data.
Accounts Payable Managers’ teams are vital to their success, so experience in managing team members via work verification, relevant training sessions and ongoing support is paramount.
Step 6: View average salary for Accounts Payable Manager
How much does an Accounts Payable Manager make?
The average salary range for an Accounts Payable Manager is from $91,805 to $120,515. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Accounts Payable Manager jobs
Step 7: Find relevant Accounts Payable Manager jobs, and apply.
Looking for Accounts Payable Manager jobs?
Here are some Accounts Payable Manager jobs in the United States.