Accounts Payable/Receivable Operations Manager Salary in the United States

FAQ about Accounts Payable/Receivable Operations Manager

1. What industry pays the highest salary for Accounts Payable/Receivable Operations Manager?

The Biotechnology industry offers the highest average compensation for Accounts Payable/Receivable Operations Manager roles, with salaries approximately 30% above the market median.

2. What does an AP AR manager do?

An Accounts Payable/Accounts Receivable (AP/AR) Manager oversees financial transactions, managing both payables and receivables. Responsibilities include supervising a team, ensuring accurate and timely processing of invoices, and coordinating with vendors and clients. The salary for this role ranges from $97,150 to $128,710, with a midpoint of $112,290.

3. What is the career path of an Accounts Payable manager?

Career Growth: Accounts Payable/Receivable Operations Managers typically earn between $97,150 and $128,710, with a median salary of $112,290. They often advance to senior management positions like Finance Manager, Controller, or Chief Financial Officer (CFO). Success in these roles demands both technical expertise and strategic financial decision-making skills.

4. What is high turnover of accounts receivable?

A high accounts receivable turnover ratio indicates that a company is efficiently collecting its debts, reflecting a strong financial position. This efficiency suggests that the collections team is effectively managing overdue payments. For an Accounts Payable/Receivable Operations Manager, salaries range from $97,150 to $128,710, with a midpoint of $112,290, highlighting the value of effective debt management.

5. Who does an accounts receivable manager report to?

The Accounts Receivable Manager typically reports to the Financial Controller, Finance Manager, or Shared Services Manager, depending on the organization's size and finance team structure. The salary for this role ranges from $97,150 to $128,710, with a midpoint of $112,290, reflecting the responsibilities and expertise required.

6. What is the highest salary for an accounts payable manager?

The highest salary for an Accounts Payable Operations Manager is $128,710. While salaries can vary, the minimum is $97,150 and the midpoint is $112,290, reflecting a competitive range in the industry.

7. Is accounts receivable a stressful job?

Accounts Receivable can be a demanding role, often requiring attention to detail and the ability to manage deadlines. The stress level may vary based on the company and workload. However, with a salary range of $97,150 to $128,710 for an Accounts Payable/Receivable Operations Manager, the financial rewards can be significant, which may help mitigate stress.