An Accounts Payable Specialist is responsible for managing and processing invoices, ensuring proper documentation, and maintaining accurate financial records. They play a crucial role in managing a company's expenses and cash flow.
Key Responsibilities
Processing and verifying invoices for payment
Maintaining and updating vendor accounts
Reconciling account statements and resolving discrepancies
Preparing financial reports related to accounts payable
Ensuring compliance with financial policies and procedures
Top Skills for Success
Attention to Detail
Knowledge of Accounting Software
Data Entry
Communication Skills
Career Progression
Can Lead To
Accounts Payable Manager
Accounting Supervisor
Transition Opportunities
Accounts Receivable Specialist
Financial Analyst
Common Skill Gaps
Often Missing Skills
Advanced Excel SkillsUnderstanding of Regulatory Compliance
Development SuggestionsConsider enrolling in courses related to financial regulations and advanced Excel training.
Salary & Demand
Median Salary Range
Entry Level$35,000 - $45,000
Mid Level$45,000 - $55,000
Senior Level$55,000 - $70,000
Growth Trend
Steady demand due to the essential nature of the role in financial operations across industries.
Companies Hiring
Major Employers
DeloitteErnst & YoungKPMG
Industry Sectors
FinanceRetailManufacturing
Recommended Next Steps
1
Gain certification in accounting software like QuickBooks or SAP.
2
Join professional networks for finance and accounting professionals.
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