How to Become an Accounts Payable/Receivable Manager

Step 1: Understand the job description and responsibilities of an Accounts Payable/Receivable Manager

What does an Accounts Payable/Receivable Manager do?

AN Accounts Payable/Receivable Manager manages all activities in the accounts payable/receivable function. Ensures timely payments of vendor invoices and expense vouchers and maintains accurate records and control reports. Being an Accounts Payable/Receivable Manager manages collection activities such as sending follow-up inquiries, negotiating with past due accounts, and referring accounts to collection agencies. Recommends improvements to accounts payable/receivable processes. Additionally, Accounts Payable/Receivable Manager requires a bachelor's degree of accounting or finance. Typically reports to a head of unit/department. The Accounts Payable/Receivable 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. Extensive knowledge of department processes. To be an Accounts Payable/Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.

People's Opinions on Accounts Payable/Receivable Manager responsibilities

Financial managers are responsible for the financial health of an organization.

12/01/2019: Longview, TX

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports.

12/30/2019: Cincinnati, OH

Financial managers also do tasks that are specific to their organization or industry.

12/08/2019: South Bend, IN

For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance.

01/20/2020: Birmingham, AL

Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

01/16/2020: Toledo, OH
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Step 2: Learn best tips to become an Accounts Payable/Receivable Manager

Best tips for those who want to become an Accounts Payable/Receivable Manager

Here are some tips to become an Accounts Payable/Receivable Manager.

People's Opinions on best tips

Charge interest on overdue payments.

02/14/2020: New Suffolk, NY

Reduce CFO Impact to Verification & Signature.

01/13/2020: Monroe, LA

Prepare for Excuses – The hardest part of the collection call is having to listen to the customer’s different excuses for not paying.

01/03/2020: Indianapolis, IN

Send the invoice the day a sale (work completed) is made – Don’t delay in sending out the invoice.

01/14/2020: Las Vegas, NV

Losing a job can make you feel helpless and hopeless, but it is important to remember that you are in full control.

12/05/2019: Alamogordo, NM
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Step 3: View best colleges and universities for Accounts Payable/Receivable Manager

Best colleges and universities for Accounts Payable/Receivable 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/Receivable Manager

Is being an Accounts Payable/Receivable Manager Worth it?

People's Opinions on lifestyles

Action AssociatesAccounts Payable Supervisor / ManagerWixom, MINew 24hr Michigan is growing and looking to hire an experience accountspayablemanager.

01/25/2020: Santa Fe, NM

-Recommends improvements to accountspayable/receivable processes… Indianapolis, Indiana area.

01/09/2020: Sioux City, IA

The Accounts Receivable Clerk will assure all asphalt billing and contract billing is completed accurately and on time.

12/25/2019: Pocatello, ID

Minimum 7 years work experience in Accounts Receivable / Payable positions with responsibility for direct customer….

12/29/2019: Pensacola, FL

Basic Accounts Payable/Accounts Receivable knowledge and experience with data entry and computerized purchasing system.

02/26/2020: Great Falls, MT
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Step 5: Prepare relevant skills for being an Accounts Payable/Receivable Manager

What skills do you need to be an Accounts Payable/Receivable Manager?

A manager is often judged based on the success of their team and those working below them, as such, many skills are needed.  Success in this role depends on a critical ability in the following: Accounts Payable, Accounts Receivable, Billing, Dunning, Invoice Management, Invoice Verification, Payment Processing, GAAP Standards.  Experience in the following is fundamental to this role: AP Automation Software, AR Automation Software.  Skills may vary from job-to-job, but these skills are the ones most commonly associated with this role.

People's Opinions on Accounts Payable/Receivable Manager skills

Let's find out what skills a Accounts Payable/Receivable Manager actually needs in order to be successful in the workplace.

01/04/2020: Hialeah, FL

Detailed-oriented with strong organizational skills to handle a variety of day to day full cycle Accounts Payable and Receivable activities.

12/15/2019: Anderson, IN

Serve as subject matter expert for accounts payable, purchasing, purchasing card and accounts receivable functions, accounting system modules, and policies.

12/11/2019: Charlotte, NC

For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance.

12/17/2019: Wilmington, DE

Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

12/23/2019: New Britain, CT
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Step 6: View average salary for Accounts Payable/Receivable Manager

How much does an Accounts Payable/Receivable Manager make?

The average salary range for an Accounts Payable/Receivable Manager is from $80,121 to $102,166. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for an Accounts Payable/Receivable Manager
$80,121 to $102,166

Step 7: Find relevant Accounts Payable/Receivable Manager jobs, and apply.

Looking for Accounts Payable/Receivable Manager jobs?

Here are some Accounts Payable/Receivable Manager jobs in the United States.

Search Accounts Payable/Receivable Manager Jobs in the United States

Step 8: Explore Career Path of Accounts Payable/Receivable Manager